Renewable Energy Policy Important to Future of Planet, but more importantly, to mankind's future
Renewable energy policy (RE) – (REP) is important to the future of the planet, and for all the inhabitants, including mankind. With the current Middle East tensions creating another surge in oil price speculation, the prices of gas and other oil related products also rise, including food. In fact, according to CNN, Wall Street greed fueling high gas prices
, as the laws of supply and demand don’t apply to the price of oil. Demand in the U.S. today is at the lowest level since 1997.
Most recently, at Obama’s 2012 State of the Union Address Energy, he laid out a half dozen energy proposals, however, most of the policies he announced were either previously announced, stand little chance of passing through congress, or not that big of a deal. According to Jose Valera, a Houston based lawyer in the energy practice at the global law firm Mayer Brown, “It’s a smart, well balanced, welcome policy, and everybody is a winner.”
While the traditional fossil fuels will still play an important role in the future while we transition to renewables, in technologies like wind and solar, Obama called for extending tax credits that basically give these firms a 30% subsidy and also called for the federal government to allow renewable projects on its land. Read more…
Originally posted 2012-02-29 11:30:19. Republished by Blog Post Promoter