Obama's energy plan

carnelian
Sun, 28 Dec 2008 10:46:58 +0000

A few things:


Gas is cheap now, which will make it harder for him to pass an energy bill.
The economic crisis is going to consume a lot of his first term. Energy independence wont help us if our economy goes down the toilet.
Lots of the big boys in congress (and in the White House) are heavily invested in the oil.


Also, as our reserves start being used up, it is going to be harder and harder to access the oil in the earth, which will require new technologies and techniques to locate and extract. This means jobs for PE’s.

With the ammount of cars on the road, we are going to need petroleum for decades. It’s not going to happen over night, and it probably wont get looked at seriously again until gas gets expensive again.

What you will probably see is some “green agenda” put into the stimulus package. He will probably allocate a few billion for green rennovations of federal builidings, give money for research, and fund nuclear facilities. He might also give an executive order that mandates that all federal buildings be “green.”

A realistic fix for us is probably to design better, more efficient engines in the short term, and slowly transition to alternative fuels in the future. That still leaves demand for oil, and PE’s.