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Chai Reddy

Pass the Boone Pickens Bill - NYTimes.com - 0 views

www.nytimes.com/...12nocera.html

boone pickens nytimes.com energy natural gas oil

shared by Chai Reddy on 13 Apr 11 - No Cached
  • an actual bipartisan piece of legislation — its official title is the New Alternative Transportation to Give Americans Solutions Act, or the Nat Gas Act, for short. People in the know, however, call it the Boone Pickens bill
  • that the country’s energy salvation depends on moving away from the fuel we don’t have — namely, oil, where imports, some of which come “from our enemies” (to quote Boone), account for two-thirds of our oil needs. Instead, we should move to a fuel we have in abundance: natural gas.
  • Boone’s convinced that modern drilling techniques will allow us to find enough for several centuries.
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  • The Pickens plan calls for increased use of wind, solar, nuclear, even coal. ”I’m for anything that’s American,” he said.
  • The Pickens bill creates tax incentives — $1 billion a year for five years — to encourage manufacturers to begin building heavy-duty trucks that will be powered by natural gas instead of diesel. It also gives some tax incentives to truck-stop owners who install natural gas filling stations to help create the infrastructure
  • Of the 20 million barrels of oil we use each day, 70 percent goes for transportation fuel. The 8 million heavy-duty trucks on the road today account for 23 percent of that fuel. Although the tax incentives in the Pickens bill would be enough to cover only about 140,000 new trucks, he hopes that it will catapult the industry toward natural gas even without the subsidies.
  • Natural gas is cheaper than oil. It’s cleaner.
Chai Reddy

U.S. Said to Be Falling Behind in 'Green' Technologies - NYTimes.com - 0 views

www.nytimes.com/...09subsidies.html

NYTimes.com u s green china japan korea

shared by Chai Reddy on 09 Jun 11 - No Cached
  • “The United States was a nearly untouched market with 120 million homes, most of them very energy-inefficient — it was a massive opportunity
  • Many European countries — along with China, Japan and South Korea — have pushed commercial development of carbon-reducing technologies with a robust policy mix of direct government investment, tax breaks, loans, regulation and laws that cap or tax emissions. Incentives have fostered rapid entrepreneurial growth in new industries like solar and wind power, as well as in traditional fields like home building and food processing, with a focus on energy efficiency.
  • A recent report by the Pew Charitable Trusts found that while the clean technology sector was booming in Europe, Asia and Latin America, its competitive position was “at risk” in the United States because of “uncertainties surrounding key policies and incentives.”
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  • The aggressive entry of Britain into the field over the last few years shows the power of government inducements to redesign a nation’s energy economy away from traditional fuel. The country’s Green Deal, as it is called, is currently being spearheaded by the Conservative-led coalition government. In Britain, reducing carbon dioxide emissions was one of the few policies supported by political parties of both the right and left, which both accepted that climate change was a serious problem and saw clean technology investment as a growth opportunity rather than an onerous obligation.
  • Dr. Arun Majumdar, senior adviser to Energy Secretary Steven Chu, said that the department’s $5 billion budget for research should be tripled as it currently financed less than 5 percent of proposed projects. He said the country needed better low-cost financing methods to bring companies into the market, as well as stricter energy-efficiency standards to stimulate customer demand.
Chai Reddy

Wind energy and solar power subsidies face uncertainty - Nov. 18, 2010 - 0 views

money.cnn.com/...index.htm

energy wind solar taxes

shared by Chai Reddy on 18 Nov 10 - No Cached
  • That's because the government cash it has come to rely on may dry up on Dec. 31.
  • So far, the government has handed out about $5.4 billion, according to the Energy Department.
  • Speaker of the House John Boehner
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  • did say that Republicans support all forms of energy development, including renewables and nuclear power, provided that any money for them comes from expanded domestic oil and gas drilling, a prospect that looks dim.There's another piece of legislation that could provide support for the renewable industry besides the cash grant -- a mandate that would require utilities to buy a certain percent of their power from renewable energy.
Chai Reddy

Electric Avenue - NYTimes.com - 0 views

www.nytimes.com/...10Fletcher.html

nytimes.com electric car oil Obama

shared by Chai Reddy on 10 May 11 - No Cached
  • the White House is standing behind a goal that could genuinely transform the nation’s automotive fleet: putting one million electric vehicles on the road by 2015.
  • But many of the electric vehicles that will count toward President Obama’s goal won’t run on electricity alone. They will combine batteries, electric motors and internal-combustion engines to use as little gasoline as possible while still doing everything Americans expect their cars to do. Electrification is not an all-or-nothing proposition
  • Department of Transportation statistics show that 78 percent of Americans commute 40 miles or fewer a day, so most people who drive a Volt won’t need to burn any gas on a normal day.
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  • Obama administration already supports incentives to encourage drivers to buy electric cars, and it has devoted $2.4 billion in stimulus money to the development of a domestic electric-car industry.
  • existing $7,500 tax credit
  • If we gut domestic clean-energy research, scientists in China or Germany or Japan will finish this work. But it would be far better to stick with the program we’ve begun — financing research into better batteries while deploying vehicles that replace gasoline with electricity as much as possible — and prove that when it comes to energy, America can, in fact, learn from its mistakes.
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