We Can Achieve Energy Self-sufficiency in 10 Years
The United States
needs a comprehensive energy policy that rewards conservation while eliminating
roadblocks to energy independence. That means government needs to get out of the
way and let the energy industry do what it does best — find, produce and
distribute energy of all kinds. It will take a bipartisan national effort to end
our current dependence on imported oil within the next 10 years. But we must;
the economic, political and security risks of not doing so are too
Every form of energy production must be ramped up to achieve this desired result, including increasing domestic oil, natural gas and coal production in Alaska and the outer continental shelf. We must also build more refineries, something that hasn’t happened in three decades. Doing this will allow us to switch to clean, renewable energy sources without wrecking our economy in the process.
Generous tax credits for investing in alternative energy sources — ethanol or other biomass, hydro, wind or solar power — will do more to promote production of clean, renewable energy than the Environmental Protection Agency’s current punitive approach. Incentives give businesses and individuals a compelling reason to make the change to newer, greener technologies.
A successful transition from the old smokestack industries that made America a superpower to a sophisticated, information-based economy has already led to unprecedented gains in worker productivity and improved the quality of life for billions around the globe. The computer revolution is still in its infancy, so we can look forward to even more progress in the new century ahead. But all those computers and computer-driven machinery require electricity — and the supply is simply not keeping up with demand.
Half of all our existing electric-generating plants use coal to produce electricity, and tremendous improvements have already been made to reduce pollution levels from coal-fired plants. Coal is not only cheaper than oil, we have more than 274 billion tons of the stuff — which will last 250 years based on current levels of usage. That’s more than all the oil in the Middle East. But like oil, coal should be seen as a stop-gap measure. Nuclear power is much more efficient; one atom of uranium can produce 10 million times more energy than an atom of carbon. As the first generation of nuclear power plants is moth-balled, we need to start building nuclear plants again. About a fourth of the world’s 441 commercial nuclear reactors are located in the U.S., but no new ones have come online since the Three Mile Island accident in 1979 — despite their stellar safety record ever since.
Incentives work. A little more than a year ago, the Nuclear Regulatory Commission certified the design of the new 1,000 MW Westinghouse advanced passive reactor. After Congress’ 2005 energy bill provided $3.1 billion in tax credits and liability protection, utilities began preparing new applications for construction and operating licenses — including one for a new reactor at the Calvert Cliffs site in southern Maryland.
Becoming energy self-sufficient by 2017 will require more political will than anything else. It’s in every American’s best interests that this important goal becomes a top national priority. In years past, Democrats talked about windfall profits taxes; now it’s time for action to bring about an energy revolution.
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February 28,2006 address to National Governor's Ethanol Coalition.
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