In a walk-up to President Obama's Jan. 28, 2014, State of the Union address, Center for Energy Studies senior director Kenneth Medlock and research associate Keily Miller blog on key energy-related decisions facing the administration in the coming months. The energy business is characterized by large upfront fixed costs and long lead times to production and revenue streams, they write, so tomorrow’s energy mix is a product of investment decisions made today. "The objective of low cost energy for consumer groups in order to spur economic activity cannot be lost in an effort to tilt the competitive landscape to favor one energy resource over another. So the decisions that the administration makes in its final two years will have impacts beyond 2016, much as decisions of several previous administrations have shaped where we are today."
