Obama Green Plan Will Push Gasoline To $7 A Gallon
By Susan Thompson on March 8, 2010, 1:22 pmPresident Barack Obama has made green has emissions a priority in his agenda. The problem some people have with this is what it can do to the price of gasoline. The Belfer Center for Science and International Affairs, at Harvard, said his plan might raise the cost of gasoline to $7 per gallon.
What The Environmental Protection Agency Says Must Happen
It is proposed that America reduce carbon dioxide emissions, specifically in the area of transportation, by 14 percent. This is suggested to be accomplished from 2005 levels by 2020. The 14 percent target was placed in the Environmental Protection Agency’s fiscal budget for 2010.
Is This A Contradiction To The President’s Campaign Promises
When President Obama took office he promised a new, fresh approach to energy policy. This, he proposed, would promote jobs. It would also slash greenhouse-gas emissions. This would make the U.S. a leader in new energy-technology development. However, many of today’s models have assumed an economy-wide carbon dioxide tax. This would start at $30 a ton beginning this year. The price would increase to $60 a ton by the year 2030. In different models the researchers even factored in tax credits for electric and hybrid vehicles, taxes on fuel, or both. It is estimated that vehicle miles will increase by 30 per cent from this year to 2030. This would be questionable, however, if the government increases the fuel taxes.
Fuel Prices Cannot Be Kept Low With Proposals For Greenhouse Gas Emissions
Although there seems to be somewhat of an attempt to stabilize gas prices in the U.S. the fact remains that this will not be a possibility if we also try to significantly reduce oil imports and greenhouse gas emissions. This is inconsistent. However, taxing fuel for transportation seems to always stimulate the biggest reduction in oil consumption. It is reported that tax credits for hybrid and other alternative vehicles are expensive. This approach is not very effective in reducing CO2 emissions. Also, by artificially increasing such popularity in these vehicles it also has an unintended effect: it decreases new conventional vehicle fuel economy.
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Thinking out of box :
1. Americans exporting renewable energy resources to Saudi Arabia?
A Mountainview, Calif. company, SolFocus, announced a deal with a major construction company in Saudi Arabia.
Top oil exporter Saudi Arabia believes renewable sources could account for up to 10 percent of its power output by 2020 with prices coming down and a regulatory framework in place
According to a Saudi official, “We believe large scale power generation from solar can be achieved near the end of this decade, near 2020. Beyond 2020, the economics will be clearly in the favor of deployment of solar power,”
Still viewed as an obstructionist by global sustainability advocates, Saudi Arabia began investing in renewable energy recently. Why would the OPEC leader warm up to solar? : The region gets a lot of sun.
2. If renewable energy works against job growth, EU should be the poorest region by now.
I feel a nation with a modern infrastructure is not always successful, without which base any country is unable to make it.
3. While some critics are counting cents on the utility bill, it is claimed that : ” the U.S. uses about 24 percent of the world’s oil, this equates to 20.9 million barrels a day. If the U.S chooses to embrace renewable energy, the U.S could save $750 billion per year and create about 6 million jobs”.
4. It’s well known that fossil Fuel Subsidies are 12 Times Higher than Renewable Energy.
5. The Dersertec-Initiative is reported to cost around 4 times higher in upfront cost than typical power plant, however, the blessing of abundant sunlight is ever-lasting.
6. While the days of cheap oil is gone, thankfully, just as insightful Al Gore predicted, even if fewer people then agreed with his claim, recent findings show that tangible increase in the renewable energy capacity is economically and technically feasible.
Currently, the exciting fourth wave of smart grid & renewable energy with great job potential world-wide is upon us.
And surprisingly, the EV world broke the most challenging barrier of limited range. DBM Energy’s electric Audi A2 completed record setting 372 mile drive on a single charge.
For more details about DBM Energy battery, kindly search DBM Energy battery.
The recent bold drive for green energy in CA could shed lights on how best to meet the challenge of high unemployment.