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Wednesday, January 26, 2011
Lithium Drive: Obama: U.S. can reach 1 million plug-ins by 2015, stop subsidizing "yesterday's energy" tnr.v, czx.v, lmr.v, rm.v, alk.ax, sqm, fmc, roc, lit, li.v, wlc.v, clq.v, res.v, ree, avl.to, nsany, f, gm, rno.pa, dai, byddf, hev, aone, vlnc
at 11:03 AM
We will praise Obama for talking about all these very important issues and Energy Security first of all; and rising awareness about Peak Oil situation before the panic will make the message crystal clear, but will warn - that there is not enough done or even really nothing is done to build home-based supply and to prevent the OPEC situation in Strategic Commodities for the Green Technologies like Lithium and Rare Earths.
There is no interest and no US based serious industry players involved in a sharp contrast to Japanese, Korean and Chinese companies, particularly in the Lithium market.
We will stress on our side that we do agree with John McCain on this one - Ethanol is "a joke". We will add that it is a very dangerous joke with a very tight food supply and a looming inflation - with question how to feed 7 billion people nobody would like to chose in the nearest future whether to drive or to eat.
Iowa is very important for primaries, but when there will be an honest talk about real energy efficiency for Ethanol? Some estimations suggest that accounting for all subsidies you need to put two barrels of Oil to produce one barrel of Ethanol in U.S. now.
"Obama urges us to end our addiction to fossil fuels. Some of the very important messages were almost missed during Christmas preparations last year - Peak Oil is here and now is acknowledged by authorities. What else do we need to act, before Panic of Oil Shock will confirm messages from Obama and Steven Chu?"
Obama: U.S. can reach 1 million plug-ins by 2015, stop subsidizing "yesterday's energy"
During last night's State of the Union address, President Obama made strong arguments in favor of advanced technology vehicles. Reiterating his call for one million plug-in hybrids and electrics on the road by 2015 and increased use of biofuels, he proclaimed we could win the future through innovation.
To help meet those lofty goals he proposed investing $8 billion – that's $2 billion above today's funding levels if you're keeping score – in next-gen vehicles and batteries. He even had an interesting way of sourcing the desired funds without adding to the debt: from subsidies currently handed out to oil companies. In his own words, "Instead of subsidizing yesterday's energy, let's invest in tomorrow's," Hear, hear.
He also said:
At the California Institute of Technology, they're developing a way to turn sunlight and water into fuel for our cars. At Oak Ridge National Laboratory, they're using supercomputers to get a lot more power out of our nuclear facilities. With more research and incentives, we can break our dependence on oil with biofuels, and become the first country to have 1 million electric vehicles on the road by 2015.
The details of the administration's plan will become more clear in the next few weeks when the budget proposal is released. Besides investments in R&D, they'd like to change the $7,500 plug-in vehicle tax rebate into a point of purchase rebate, meaning everyone would be elegible for the full amount with no waiting. Charging infrastructure development is also high on the wish list. You can go to the White House's SOTU webpage to watch the speech for yourself.
If you want to come down off the high created by the thought of a million plug-in vehicles cruising America in a few short years, remember that we've heard all sorts of big dreams in SOTU addresses before.
[Source: White House / Detroit News | Image: Tim Sloan/AFP/Getty Images]"
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