Obama's reelection and its future impact on energy and climate change

Climate Change Dispatch
"With a wink and a nod to the electorate, President Obama campaigned that he would drill more, dig more, burn more, and explore more. In the debates, the two candidates practically got into fisticuffs over who would be the true energy president. Hours after he won the bitterly fought election, he tweeted: "We want our kids to grow up in a world...that isn't threatened by the destructive power of the warming planet." Forget the campaign promises. Enviros have nothing to worry about. Obama can now use the EPA to regulate energy companies into near-profitless entities who will now have to deal with even less access to federal lands and off-shore drilling. Fracking for natural gas is already an anathema to this administration as tougher restrictions are expected to be imposed on companies that utilize federal lands. According to analysts at ClearView Energy Partners, they expect the president to "continue prosecuting energy policy through regulation and administrative action, with only the courts as a check on that agenda." By tightening these rules and arduous regulations, billions will be added "in costs for oil and gas companies." These costs are expected to be passed on to consumers. Obama is also expected to cut subsidies to oil and gas companies and continue to promote renewable energy under Energy Secretary Steven Chu's tutelage."