country drowning in red ink. correspondent doug mckelway takes a look. >> is it the sputnik moment or space junk, as one republican detractor called it? the president's call for reinvention of the nation's energy policy is rapidly becoming one of the more contentious issues in the post "state of the union" address. the president called for end of tax subsidies to oil companies. more investments in green energy. and a reliance on the full spectrum of all energies from oil and gas, biofuels, clean coal and nuclear to solar and wind. some say the president's words conflict with his actions. >> if you are a good politician, you speak out of both sides of your mouth. you are still tightening the regulation for conventional fuels in if u.s. ep if we're not explicitly calling for a new law, there is a restrictive policy in place to require some form of intervention. >> energy analyst points to the federal government regulatory grip on fossil fuels. the e.p.a. revocation of a coal-drilling permit that had