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Politics : Formerly About Advanced Micro Devices

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To: i-node who wrote (642819)	1/20/2012 2:17:54 AM
From: bentway	Read Replies (3) of 1579130

President Obama finally promotes natural gas to replace oil for transportation John Ryden, Global Warming Examiner examiner.com March 30, 2011 - Like this? Subscribe to get instant updates President Obama is finally endorsing government incentives to fund the purchase of natural gas powered trucks and cars as a way of reducing America’s huge imports of oil. Rising gasoline prices seem to be forcing the President to act. He laid out a goal of cutting U.S. oil imports by a third by 2025. The Natural Gas Act, sometimes called the Pickens Plan, has been languishing in congress for over 2 years. It has support from both Republicans and Democrats. It would provide financial incentives to buy natural gas powered cars and trucks plus incentives to build natural gas fueling stations. He also called for generating 80% of our electric power from clean energy sources including nuclear power. Apparently he has done the math and realizes that wind and solar power alone won’t be enough to get anywhere near his clean energy goal alone. The disaster at the nuclear plant in Japan has apparently not dissuaded him from nuclear power. New generation plants, with passive cooling systems, are much safer than the early plant designs like the ones in Japan. It might also turn out that much of the radiation released is coming from the spent fuel storage ponds instead of the reactors themselves. Storing spent fuel at the reactor outside the containment structure has never been a good idea, but it is politically unacceptable to move the spent fuel to safer storage locations (like inside a granite mountain) or reprocessing the fuel. What was missing in his speech was getting more domestic oil production. What about drilling in ANWR (Arctic National Wildlife Refuge)? The oil industry needs about 5,000 acres out of 1.25 million acres as a pad to tap this resource. It would potentially replace about 10% of our imported oil. The Alaska pipeline is already in place. That’s almost one-third of the way towards his goal. He said he wants oil companies to drill more on their existing leases, but if there was oil there, the oil companies would already be drilling. How about opening more offshore areas to drilling? One lesson learned in the recent Gulf Oils Spill, is that distance from shore can mitigate the damage from oil spills. Distance gives the spilled oil time to weather (turn to tar) which is less harmful and easier to clean up. Some of the lease sites off the East Coast are 150 miles from shore compared to 46 miles for the recent Gulf spill. Natural gas is domestically produced and cheap. New horizontal drilling technology has unlocked a supply that will last us over 100 years. This is our bridge fuel to the future. Eventually we will have to use renewable energy as we will run out of everything else. What we need is more time to develop the technology and infrastructure to increase our production of renewable energy at prices that don’t push our economy into a recession. Obama said he will use existing loan guarantee programs to fund four new cellulosic or biofuel refineries. Using natural gas and funding the development of new renewable technologies is moving in the right direction.

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