Obama doubles renewable energy tax credit in stimulus plan

"Second, it sends a signal to renewable and traditional energy suppliers that 'there's a new sheriff in town' and that renewable energy will not be given just lip-service," Dawson said. "Renewable energy will now finally get the tax incentives it needs to develop these important technologies."

Further, Dawson said energy policy provides "a good snapshot of Obama's pragmatic, best-elements policy stance."

"Obama knows oil as a primary energy source is not going away anytime soon, and it's just not practical to think it won't be used. But at the same time, he knows other energy sources, especially renewables, must displace oil in the U.S. for economic, national security, and environmental reason, so he's moving aggressively to speed the arrival of that day," Dawson said. "After eight years of energy policy stagnation, it's a refreshing change in Washington and one oil companies need to pay attention to."

Energy Policy Analysis: Another smart, prudent move by President-elect Obama, who has probably undertaken more serious work of any president-elect in the modern era. Doubling the renewable energy tax credit will assist research and development of these important 21st century energy sources, and will create many good-paying, domestic jobs.