I like Obamas proposal to invest $150 billion dollars in tried and true renewables over 10 years. McCains emphasis is on electric cars, but this idea to try to encourage a better battery to come out of the lab in Michigan has its risks(of not happening.
Some of the other proposals to manage energy policy are stupid:
The windfall profits tax is a stupid interference in the open market, thats a strike against Obama. This is an obvious vote pandering.
Playing with the strategic oil reserve makes no sense for either.
Talk about offshore drilling is an election year ploy that will not have an impact for many years. And when it comes online, it is not going to make a difference in the price or availability of fuel. Maybe those who have ownership in the companies involved will benefit. Big deal.
Talk of a gas tax holdiay is a joke. $20 a year? Strike against McCain.
The emphasis on ethanol as a transportation substitute is okay as long as its cellulosic ethanol. This is a good green idea. Its not a good thing for my sport sedans engine though, thank you . Both candidates are on this one.
Regulating speculation in oil futures is a joke. It’s as if we could isolate and blame any one person or group for the rise and fall of oil prices around the world. Strike against both candidates.
The Enron screw up was a different issue all together, and not really an energy issue as much as a legal and regulatory boondoggle. The media apparently has mixed this all up (as usual) and no one is calling them on it.
I like Obamas target of an 80% reduction in fossil fuel emissions for 2030. Good.
McCain sponsored a bill in 2007 to cut emissions by 30 percent by 2050, which failed. I wonder why. Is McCain not as powerful as he would or could be? Now he favors cap-and-trade carbon credits, but he doesn’t specify any targets or details. I suspect they have not thought this one out.
McCain wants the US energy independent by 2025. This will happen if electricity takes a greater role, and it appears he has thought of that but has not actually said so in this context . Not bad - needs more information, but maybe too little too late.
Overall, I think Obama has a better stance because he is not connected to the Bush administration. McCain, being from the same political party as Bush, has a problem. He has been in Washington a long time and these proposals have not yet been passed. So my hopes are pinned to Barack Obama to get the job done finally.
Energy efficiency should be the bottom line. In my opinion there is not enough incentive to reduce end user consumption. High energy prices are the only incentive at this point. But getting off fossils is critical to our ending out dependence on foreign energy sources and our nations ability to grow and prosper.
Bottom line: people don’t realize that most current methods energy use is lost as heat to the environment. Solar and Wind do not suffer from those losses. Automobile and truck engines are, at best, 45% efficient. Oil and gas heating systems are only 80 to 90% efficient at conversion from fuel to forward motion. Coal, gas and oil-fired electric generation are also only 35% efficient. Nuclear isn’t any better, albeit a better solution than “clean coal”. IMO, clean coal is not the long term solution that wind solar and cellulosic ethanol are.
Of course some savvy people will argue that we can build-in higher efficiency, such as on site co-generation. I support that idea, and I know it works in larger settings such as hospital campuses, corporate plants, and other large institutions..