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The coal industry is an even larger part of the Australian economy than it is of the American, and it has an enormous amount of political power.

The oil industry fought hard to keep Keystone alive, making wildly exaggerated claims that the pipeline - the country's largest infrastructure project - would create tens of thousands of jobs and decrease America's reliance on oil from the Middle East.

Nowhere has the political power of coal been more obvious than in presidential campaigns.

Nobody disputes that cheap natural gas would be a good thing for the economy. The question is, is this a sustainable new development that can be counted on for decades to come, or simply a 'bubble' brought on by a land grab and drilling frenzy?

So if you want to know how Exxon Mobil can make $10 billion profit in 90 days, just look around. The whole world was built for them.

Subsidies are hugely important; they represent America's de facto energy policy.

Not since the days of George W. Bush's 'Clear Skies' and 'Healthy Forests' initiatives has America been presented with a project as cravenly corporate and backward-looking as the Keystone XL pipeline.

The natural gas industry has worked long and hard to smear Josh Fox, the director of 'Gasland,' and has failed.

Some studies have shown that natural gas could, in fact, be worse for the climate than coal.

The biggest tab the public picks up for fossil fuels has to do with what economists call 'external costs,' like the health effects of air and water pollution.

Although most Americans don't know it, the U.S. gets more oil from Canada than it does from the entire Middle East.

Even the biggest coal boosters have long admitted that coal is a dying industry - the fight has always been over how fast and how hard the industry will fall.

Americans don't pay much attention to environmental issues, because they aren't sexy. I mean, cleaning up coal plants and reining in outlaw frackers is hugely important work, but it doesn't get anybody's pulse racing.

In any crass political calculation, drilling for oil will always win more votes than putting a price on carbon. But if I recall what I was taught in fifth-grade American government class, we elect presidents to do more than crass political calculations.

Obama wants to be thought of as the president who freed us from foreign oil. But if he doesn't show some political courage, he may well be remembered as the president who cooked the planet.

In reality, Republicans have long been at war with clean energy. They have ridiculed investments in solar and wind power, bashed energy-efficiency standards, attacked state moves to promote renewable energy and championed laws that would enshrine taxpayer subsidies for fossil fuels while stripping them from wind and solar.

President Obama is in no danger of being judged by history as an eco-radical.

In the world of energy politics, the sudden vanishing of the word 'coal' is a remarkable and unprecedented event.

Obama's record on climate issues is not all bad.

Australia has suffered a decade of drought, epic floods, a Category 5 cyclone, and a plague of locusts. But just because Aussies have the biggest carbon footprint in the world, it doesn't mean they're stupid.

When it comes to climate and energy, Gates is a radical consumerist. In his view, energy consumption is good - it just needs to be clean energy.

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