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2012-02-15 09:08:47 UTC
But Mr. Obama has dismissed the idea of boosting the federal gasoline tax, a move energy experts say could be the single most effective step to promote alternative energies and temper demand. Mr. Obama said Sunday that a heightened gas tax would be a "mistake" because it would put "additional burdens on American families right now."
Falling prices and scarce credit already are putting the lid on hundreds of alternative-energy projects across the country, from wind farms to biofuel refineries. Reviving those projects, even with significant government incentives, won't be easy.
"There's no way we can create a better future without the price of [fossil-fuel-based] energy going up," said Jay Hakes, who headed the Energy Information Administration under President Bill Clinton. "But it's tough for a politician to get up and say 'Your prices are going to have to go up.' "
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