An article has been posted on The Oil Drum blog I think is worth taking the time to read.  Headed ‘Some Thoughts on the Obama Energy Agenda from the Perspective of Net Energy’ it says the Obama-Biden comprehensive ‘New Energy for America Plan’ is designed to:

•    help create five million new jobs by strategically investing $150 billion over the next ten years to catalyze private efforts to build a clean energy future;

•    within 10 years save more oil than we currently import from the Middle East and Venezuela combined;

•    put 1 million Plug-In Hybrid cars — cars that can get up to 150 miles per gallon — on the road by 2015, cars that we will work to make sure are built here in America;

•    ensure 10 percent of our electricity comes from renewable sources by 2012, and 25 percent by 2025; and,

•    implement an economy-wide cap-and-trade program to reduce greenhouse gas emissions 80 percent by 2050.

The author says the Plan “focuses on - and these are not mutually exclusive - efficiency, electrification, and the promotion of alternative energy resources. Its five main goals are set up in a way so that success in any one of the five individual areas will reinforce the other 4, helping the overall agenda achieve success”, and then discusses each of the aforementioned five main goals of the Plan and its possible shortcomings from the perspective of net energy.

Read the article by clicking here.

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