In 2012, the energy sector in the United States was the need for major reform. Prices of oil and gas continue to cripple the middle and lower class, as the U.S. economy is slowly recovering. At the same time, the U.S. lagging behind developed countries in the production of renewable energy. Adoption of climate change remains a partisan issue. Development of hydraulic fracturing (Fracking) promised an abundance of available, cheap, domestic natural gas production, but the cost to the environment is a point of discussion. As the current Democratic President Barack Obama faced Republican opponent Mitt Romney in the 2012 election, they (and their parties) position on energy policy and the environment is different in several major areas. The election results will determine the country's energy policy, at least in the next four years, and possibly create enough momentum to set the energy policy of the United States for many years to come. "Hide
by Ravi Abdelal, Kaitlyn Tuthill Source: Harvard Business School 13 pages. Publication Date: October 23, 2012. Prod. #: 713050-PDF-ENG