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Wednesday, August 06, 2008

Obama's Energy Speech

From Time Magazine

The short term:
  • Offshore drilling, requiring oil companies to use existing leases first
  • Tapping the Strategic Petroleum Reserve (boo!)
  • Grants and loans to help automakers retool for fuel efficient cars

The longer term:
  • $150 billion over 10 years to get
    • 1 million plug-in hybrids on the road by 2014
    • $7000 tax credit per car
    • 4% increase in mileage standards each year
    • Better battery technology
    • 10% of energy from renewables by 2012
    • Extend renewable tax credits for 5 years
    • 6 billion gallons from next generation biofuels by 2022 (actually less than the current goal, as far as I can tell)
    • Reduce electricity demand by 15% by 2020
    • New buildings 50% more efficient by 2012
The not-insignificant individual contribution: inflate your tires properly.  If everyone in the U.S. had properly inflated tires, we'd save 4% of our oil consumption, more than we'll ever get from offshore drilling.   Mocking this means you love giving terrorists our oil money.

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