Monday, July 14, 2008

Averting the global energy crisis. Its not too late, if we....

  1. We must pass an "Open Fuel Standard" which mandates that all gasoline powered cars and trucks sold in the US must also run on ethanol, methanol and butanol.

  2. We must provide for long term investment in renewable wind and solar energy by passing production tax credits through 2018. This provides the 10 year investment horizon that investors will need to see returns over longer periods for large scale wind and solar installations.

  3. We must provide compelling tax credits for plug-in hybrids, EVs, and natural gas, bi-powered (nat. gas and gasoline) and tri-powered (nat gas, flex fuel and gasoline) vehicles

  4. We must eliminate the excise taxes on Brazilian ethanol to increase the supply of the alternative fuel and lower prices across the board.

  5. We must encourage the development of fueling infrastructure for cellulosic biofuels and natural gas for vehicles by providing tax credits and incentives to grow this vital alternative fuels infrastructure.
These steps, along with current development in batteries, wind, solar and cellulosic biofuels provide the hope and vision for averting a global energy crisis, which leads to a global depression the likes we have never seen.