SOTU: Interpreting “All of the Above”

During Tuesday night’s State of the Union address, President Barack Obama called for an “all of the above” energy policy. My colleague Dr. David Kreutzer, Research Fellow in Energy Economics and Climate Change at the Heritage Foundation, offers the following observation regarding the President’s pitch:

Obama’s version of “all of the above.”

Which energy policy is best?

a. Subsidize solar energy, wind energy, and biofuels

b. Mandate the consumption of solar energy, wind energy, and biofuel

c. All of the above

d. Allow markets to produce petroleum, natural gas, and coal at affordable prices