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John McCain's Energy Plan
While no candidate has a truly sound energy plan, John McCain's plan sounds like a recipe from several of my favorite movies. It is one tablespoon of the bitter reality in Saving Private Ryan, shot Mr. Smith to Washington sweet idealism and several cups full of good old fashion Willie Stark Pork politics of all the King's Men
The main principle of the plan is to McCain enough energy to our dependence on foreign oil to reduce and achieve energy independence by 2025 to produce. His plan states that the reality is that our economy is drained to pay foreign oil. This is a bitter truth, but you agree to both sides of the aisle.
McCain has his energy plan, entitled Project of Lexington:
"Named for the town where Americans asserted their independence once before.
The goal of the independence of energy supply by 2025, is admirable. Voters love goals like this. JFK is promised in ten years America set foot on the moon. Voters loved it. And we have. John McCain promised strategic energy independence by 2025th The jury is not clear whether the American public supports Senator McCain's energy policy.
The Problem with John McCain's plan is the way that he intends to achieve its admirable end. The plan recommends that we do more the same. We do more drilling. We use more and more coal gas. Many experts, including the oil-man T. Boone Pickens agreed that we not drill our way out of this mess. World oil production In 2005, their peak, but demand has dramatically with the development of China and India increased. Because the big oil companies contributors to John McCain campaign , it is hard to avoid, commented on the tax credits he has promised an industry record profits earned in this oil crisis. How have natural gas and coal we are both in abundance, but they have not been able to solve our energy problems so far.
Promising the U.S. oil companies developing the USA-holes will not increase our oil supply. The problem is that the number of refinies in the U.S. has fallen from 1970 dramtically asa result of the mergers in the oil industry. From January 2008, there were 158 refineries in the U.S., Puerto Rico and the U.S.. Virgin Islands with four currently not active. In1981, there were 346 refineries themselves. No new refineries have been built since 1976th With each oil merger were closed more and more oil refineries. The result was increased demand and drastically reduced price. All current refineries or nearly at 100% of production. While oil companies do not increase refining oil can clear it can be drastically reduced – in refineries for storms Nearby, repairs, etc. .. It is unlikely that U.S. oil companies would be to start investing in new refineries, after their numbers dwindling as long. But even if new refineries on line had come, the oil from new drilling areas would not make it to market, to complete after the first semester term has.
Three statements describes our current nuclear situation. All of our current nuclear power plants are approaching the end of their lifetime, they have a higher failure basis of age, and the power companies are from liability in case of failure protection. Nuclear plants are a problem ignored. We still have about how their waste – What John McCain said was something he needed to study dispose fight. The White House has issued an estimate of 96 billion to the nuclear waste storage completely Yucca Mountain. Why is there a big rush for new nuclear power plants now? decommissioning of nuclear power plants built in large numbers to obtain large amounts of public funds of the Federation and one requiring significant effort. The British have estimated the cost of a nuclear power plant up to one billion pounds per tree or Mothballs almost 2 billion U.S. dollars. Once we begin decommissioning a large number of plants, the industry would have to deal with a huge PR nightmare. Even without Problems with the supervision of nuclear facilities, the government subsidies, and the enormous costs of any new nuclear power plants not be ready to power for three to produce five years ago. The nuclear solution is very expensive, which does not help us for many years down the line.
The final aspect of Senator McCain Plan is the alternative energy component. This aspect includes a $ 5,000 dollar tax credit for each person, the owners of a zero-emissions vehicle, a 30-million-dollar price for any society that increases the storage of the current set of batteries used for alternative energy vehicles and tax credits for R & D of 10% of wages for companies. Though there are other aspects to the plan, these three aspects show best the viability of his plan.
The zero-emission cars tax credit sounds similar to a previously overturned a tax credit. A similar $ 5,000 Tax Credit (for hybrids) was opposed by the Department of Transportation how the funding was removed from the highway budget. It was finally repealed because they took away money, the maintenance of our roads and bridges. If this is the case again, vital funding to maintain our Interstate Highway System is maintained such as tax credits are given. If the McCain plan an alternative source of financing can be found, the tax credits will be possible. However, it would be wiser to repeal the tax credits for SUV's, as new tax credits? Both tax credits offer exactly the opposite of promoting activities (To read about the SUV tax credits click on the following link more http://www.smsmallbiz.com/Tax-Deductible_Business_Vehicles.html ). After opposing tax credits is a waste of money.
The 30 million dollar prize money to increase the storage capacity of our current set Batteries would be a great incentive. However, throwing money in a process that is already in full swing, with no help is a waste of money. Several car companies (Tesla Motors, Tango, more environmentally friendly vehicles, Zenn, Zebra, and others) are already produced or produced Battery electric cars in the U.S. by 2009, the 120 miles between Fees can travel. Some years after the road when McCain would be able to implement this plan – Toyota, Subaru, Honda, and several other major car manufacturers would be the mass production of electric cars with battery, a similar spectrum of 2010.
The last aspect of the plan McCain is the tax credit for businesses equal to 10% of salary if the companies are implementing energy R & D. While Congress could adopt this law, would the Regulatory Information Service Center never be able to be made into law. It is not acceptable. If a company get involved in R & D in the energy sector, the tax credit for 10% in salaries – every company in the United States would be explained as a company performing R & D.
John McCain's plan is not feasible. Whether tax credits have donated to oil companies, the money to his campaign or not to tax credits – one for zero emission vehicles and the other for the high-emission vehicles John McCain's energy plan has a lot of sound and fury signifies nothing. It will not achieve energy independence from 2025th
About the Author
Andrew Horan has performed SEO and has written for several web pages including www.octeres.com and www.apponanagansett.com.
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