Barack Obama outlines energy policy
Calls for increased research, cleaner fuels, flexible-fuel vehicles
Obama promises to invest $150 billion in “clean energy,” despite the failure of past ventures in this field, such as ethanol. According to Obama’s team, his administration will “invest $150 billion over the next ten years to catalyze private efforts to build a clean energy future,” and “ensure 10 percent of our electricity comes from renewable sources by 2012, and 25 percent by 2025.”
Obama’s approach echoes California’s. The state’s Republican governor, Arnold Schwarzenegger, issued an executive order this year requiring all fuels sold in the state to contain less carbon. The goal is to reduce carbon dioxide emissions from passenger vehicles 10 percent by 2020.
The effort is aimed at making the America green. Specifically, Obama wants to cut greenhouse gas emissions from cars by 5 percent in 2015 and 10 percent in 2020.
Of course, Obama’s energy proposals haven’t won him friends in the coal industry, which he has essentially vowed to shut down. In a videotaped speech earlier this year, Obama said, “If somebody wants to build a coal-powered plant, they can; it's just that it will bankrupt them because they're going to be charged a huge sum for all that greenhouse gas that's being emitted.”
Analyst reviewed this remark as "unbelievably misinformed". Clean coal technology is the industry standard for many years now and any new plant up is expected to meet or surpass this green technological barrier.
The United Nations has spent the past three years convincing the world the danger of food crisis following extended diversion of traditional food supplies chain into bio-ethanol and biodiesel.
The expanded use of of
these fuels is also one of the major contributors to
an increasingly tight food supply.
The United States is responsible for exporting 2/3
of the world's corn supply. Once this is
marginalized further, all foodstuffs across the
board will go up in price, even during "normal"
weather cycles and growing years. It will also drive
up the cost of meat, milk, eggs, and poultry as
well.
