The
federal
production
tax
credit
(PTC)
is
scheduled
to
expire
on
31
December.
It
was
first
enacted
in
1992
and
signed
into
law
by
the
first
President
George
Bush.
Republican
Mitt
Romney
and
his
vice
presidential
nominee,
US
Representative
Paul
Ryan,
in
turn
accused
Obama
of
seeking
to
destroy
the
coal
industry
and
stifling
development
of
other
fossil
fuels.
They
argue
that
the
Obama
administration’s
excessive
regulation
and
favouring
of
wind
and
solar
energy
will
make
it
even
more
difficult
for
the
US
to
achieve
energy
independence.
The
stark
contrast
on
energy
issues…
