Investing

Obama Faces Coal Backlash

 

Tezak says "the next couple of weeks could be very key for CTL industry." But she and Edmonds may underestimate the passions of the green caucus, a miscalculation Obama can ill afford on the march toward the 2008 election.

"We want to support him -- really -- but for many of us, climate change is a make-or-break issue in 2008," writes the Barack the Youth Vote blog, which is written by students ostensibly supporting his candidacy. "We need to be confident that our next president realizes the severity of the situation and is willing to take strong, even controversial, positions to save our climate."

Without mentioning Obama by name, MoveOn.org, a powerful Democratic grass-roots organization, sent an email to members on Monday declaring: "The Senate is about to vote on a big bill dealing with energy and the climate crisis. Massive subsidies for coal were defeated in committee. But we're not out of the woods yet, since one of the coal-friendly senators could sneak them back in again as an amendment just before the final vote."

As the energy bill debate unfolds, Obama must weigh the benefits CTL legislation will bring his Illinois constituents vs. the potential damage it can do to his presidential campaign. Should he choose to take the lead, however, the senator has an opportunity to use his famed eloquence to explain the potential benefits of coal-based energy in a way that may alienate fringe voters but could expand his appeal among moderates and even those who now see him as "left of Hillary."

>To order reprints of this article, click here: Reprints

Aaron L. Task is editor at large of TheStreet.com. In keeping with TSC's editorial policy, he doesn't own or short individual stocks, although he owns stock in TheStreet.com. He also doesn't invest in hedge funds or other private investment partnerships. He appreciates your feedback; click here to send him an email.

TheStreet Premium Services

Jim Cramer
Jim Cramer's Action Alerts PLUS:
Trade right alongside a Wall Street pro — enjoy access to his Charitable Trust portfolio and be sent trade alerts BEFORE he makes a move. Learn More
OptionsProfits
OptionsProfits:
Get 50+ trade ideas a week from the industry's top options experts. Plus — exclusive commentary on market trends and essential trading tools. Learn More
Real Money
Real Money:
Our team of professional Wall Street Pros — including Jim Cramer, Doug Kass, and Nicholas Vardy — delivers intelligent analysis, timely trade ideas, and colorful commentary. Learn More
Stocks Under $10
Stocks Under $10:
Break into the market with small- and mid-cap stocks... all $10 or less! David Peltier tells you exactly which low-priced stocks he's buying and selling. Learn More
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
blog comments powered by Disqus
Dow Jones S&P 500 NASDAQ 10-Year Note
12,393.45 1,310.33 2,827.34 15.81
Oil *
101.78
DOWN
26.41
DOWN
2.99
DOWN
10.02
DOWN
0.44
10 Yr
1.58%
SPDR Gold
151.62
-0.21%
-0.23%
-0.35%
-2.71%
Data delayed 20 minutes

Top Stories and Tools

Articles From

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

We respect your privacy.
Podcasts

Connect with TheStreet