Last May I wrote President Bush concerning the setting of a goal of 2015 for the US to become energy independent. I think this is doable and necessary for the US to maintain itself as the leading world economy and innovator.
Nothing should be left off the table from offshore drilling to every type of energy source from Nuclear to Hydro and everything in between.
I am an advocate for Nuclear in all forms, shapes, and sizes. If we can power submarines for over 50 years with small reactors why not Trains, Planes, and Automobiles besides our homes.
Not drilling wherever possible, as long as there is oil to be found, is idiotic and shortsighted and the NIMBYs and special interest groups that prevent it need to pushed aside in favor of the entire country. When the caribou and the moose get the vote then we should allow them to stop drilling in places like ANWAR.
The US has the ability to accomplish what needs to be done we just need to have the priority of the government and industry to meet the objective and the ability to fund the process either through direct monies or tax and other advantages for investment.
There are energy alternative methods that I am aware of that can generate anywhere from 1 KW to 1 Megawatt through scaling and need funding to prove the technology out.
From what I know about at least two of these $10 Million would provide more than enough to prove the technology and begin commercialization and if the upside worldwide for these technologies is anywhere near what I think the $10 Million could be repaid 10 fold over the next ten years if not sooner.
Lets put out the word that the government is open for business in this arena and set-up a council to review plans and have the ability to award dollars for commercialization with the caveat that REPAYMENY of at least three times the investment within ten years is doable. The goal would be FIVE TIMES the investment or a percentage of the profits for ten years after the first sale of the technology to a consumer wherever in the world that happens whichever is HIGHER.
THis type of policy and goal will not only stimulate new technoliges but the economy as a whole since infrastructure to the grid and manufacturing of plant and equipment will be required.
Bruce Rubin
Tuesday, November 25, 2008
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