Hello, fiscal conservative here.
The oll subsidies are a mere pittance compared to the current deficits and they provide a huge return on investment for government revenues. Government makes more off a gallon of gas than the oil companies do. The major reason they are looking at taxing mileage instead of gallons is because they are losing so much with high mileage cars.
Government should not be in the venture capitalist business. Solyndra and other very public failures have done nothing but breed distrust of the entire industry. What should be done instead is drop the tariff on Chinese solar panels. As one green blogger put it, if China wants to subsidize our solar conversion with their money, let them! They've already found a way around the tariffs anyway.
Next we need an energy policy. Where is the 100 million solar rooftop initiative? We have mpg mandates for cars, why not green energy mandates for new buildings?
Finally there is personal initiative. In Kennedy's immortal words, "Ask not what your country can do for you, ask what you can do for your country". The government has already done it's part, 30% unlimited tax credit for solar panels and $7500 for an electric car, the rest is up to us. You can buy a 200 watt panel for $175 or so, add a $150 microinverter and you become part of the solution. Just skipping a daily Starbucks can pay for one a year. Combined with most state incentives and net metering they pay for themselves in just a few years.