Welcome to The New Energy Plan

Sep07

A FOOL AND HIS MONEY

Fool and his money

Investing: Oil-Shale and Tar-Sands Mining

Its all about EROEI (Energy Returned on Energy Invested)

I don’t understand! Why would anyone put money into extracting oil from shale and tar-sand? Look at the economics of this kind of operation. What is the return from investment, what is the impact on the environment, what’s with this mentality that wants to keep the oil beast alive? Put a stake in its heart and be done with it.

Heads or Tails Energy Policy

Government - Federal

The Republican Party earlier this week, in its national platform, called for an end to ethanol mandates.

Republican candidate, John McCain, has gone as far as to publicly opposed ethanol subsidies, but the platform approved during the Republican convention in St. Paul was the first time a major U.S. party took an official stance against publicly funded ethanol incentives, according to The Associated Press.

In contrast, the Republican platform four years ago called for “efforts to expand the use of biodiesel and ethanol,” the AP said.

Renewable fuels such as cellulosed ethanol play an important role in America’s energy future. If we dismantle the current energy policies, the market will view our leaders as no longer supportive of alternatives, be it wind, solar, or biofuels.

Many in the industry expect ethanol opposition to wane as energy companies move from corn-based to cellulosed ethanol, which is made from perennial grasses or plant waste such as Miscanthis, Switch Grass, Corn Cobs or even Wood Chips.

It is widely know that the Energy Policies of the past administration has been suspect to say the least. What is in store for the American People is anyone’s guess.

On one side of the coin you have two candidates that essentially agree that something must done to curtail America’s addiction to foreign oil. One the other side, neither candidate has come out with a HARD energy policy. I guess that we will see which renewable energy direction our government will take after the November election.

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