Obama energy speech: A Serious Energy Policy for Our Future

[bananas]

http://my.barackobama.com/page/community/post/stateupdates/gG5RCv

After touring Springs Preserve in Nevada, a 180-acre non-gaming cultural and historical attraction designed to provide a vision for a sustainable future, Barack met with small group of local residents to discuss the future of energy policy:

"What we are seeing here – from the solar panels that power this facility to the Bombard workers who built it – is that a green, renewable energy economy isn't some pie-in-the-sky, far-off future, it is now. It is creating jobs, now. It is providing cheap alternatives to $140-a-barrel oil, now. And it can create millions of additional jobs and entire new industries if we act now."


Remarks of Senator Barack Obama – as prepared for delivery

A Serious Energy Policy for Our Future

as prepared for delivery

Tuesday, June 24th, 2008

Las Vegas, Nevada

<snip>

The possibilities of renewable energy are limitless. But to truly harness its potential, we urgently need real leadership from Washington – leadership that has been missing for decades. We have been talking about energy independence since Americans were waiting in gas lines during the 1970s. We've heard promises about it in every State of the Union for the last three decades. But each and every year, we become more, not less, addicted to oil – a 19th century fossil fuel that is dirty, dwindling, and dangerously expensive. Why?

It isn't because the resources and technology aren't there. We know this because countries like Spain, Germany, and Japan have already leapt ahead of us when it comes to renewable energy technology. Germany, a country as cloudy as the Pacific Northwest, is now a world leader in the solar power industry and the quarter million new jobs it has created. In less than eight years, before we'd ever see a drop of oil from offshore drilling, they have doubled their renewable energy output. And they did it by using technology that, in some cases, was paid for by the American people through our own Research and Development tax credits. The difference is, their government harnessed that technology by providing the necessary investments and incentives to jumpstart a renewable energy industry. Washington hasn't done that.

<snip>

Meanwhile, the oil companies already own drilling rights to 68 million acres of federal lands, onshore and offshore, that they haven't touched. 68 million acres that have the potential to nearly double America's total oil production, and John McCain wants to give them more. Well that might make sense in Washington, but it doesn't make sense for America. In fact, it makes about as much sense as his proposal to build 45 new nuclear reactors without a plan to store the waste some place other than right here at Yucca Mountain. Folks, these are not serious energy policies. They are not new energy policies. And they are certainly not the kind of energy policies that will give families the relief they need or our country the oil independence we must have.

<snip>

I have a very different vision of what this country can and should achieve on energy in the next four years – in the next ten years. I have a plan to raise the fuel standards in our cars and trucks with technology we have on the shelf today – technology that will make sure we get more miles to the gallon. And we will provide financial help to our automakers and autoworkers to help them make this transition. I will invest $150 billion over the next ten years in alternative sources of energy like wind power, and solar power, and advanced biofuels – investments that will create up to five million new jobs that pay well and can't be outsourced; that will create billions of dollars in new business like you're already doing here in Nevada. And before we hand over more of our land and our coastline to oil companies, I will charge those companies a fee for every acre that they currently lease but don't drill on. If that compels them to drill, we'll get more oil. If it doesn't, the fees will go toward more investment in renewable sources of energy.

<snip>

[dkf]

1. When he says $150 billion on alternative sources of energy, what does that mean?

Who gets the money, who will own these sources of energy?

I hate when he says this because I don't understand what the plan is.