Sunday, January 11, 2009

Response 6: Obama Team, Exxon Mobil Chief Trade Jabs on Energy

I had been looking for an article on what some of Obama's ideas for economical growth and recovery are, and now that I found some of them out, I can't believe how great and yet how drastic they are. Only three years to double our alternate energy use?! Three years is not long to get this done, so the question is: is this goal realistic or is it exactly the kind of movement America needs to take a leading role in the fight against green-house gas emissions? Hopefully these standards are not to high and will in fact get the ball rolling in renewable and sustainable energy. It's truly hard to believe that currently 1% of electricity is generated by sustainable sources such as wind, solar, and geothermal. A jump to 25% is a huge change even though it's only a quarter of our electricity.
Obama plans to create jobs for people to work towards these impressive goals like jobs making solar panels and wind turbines. This solves two of Americas biggest problems at the same time: unemployment and the energy crisis. It's like in the great depression when the government gave people jobs working to make the country better, like building bridges and roads. Hopefully these innovative and drastic changes will get the U.S. moving again towards a brighter future.

Article 6: Obama Team, Exxon Mobil Chief Trade Jabs on Energy

- Over the next three years Barack Obama pledged to double sustainable fuel production.
- The "chief executive of Exxon Mobil Corp., Rex Tillerson" was skeptical of Obama's promise and claimed that a change of that proportion would be "very challenging."
- Tillerson went further to say "'Let's be realistic about time frames, let's don't fool ourselves,'" and "'In terms of wind, there simply is not the manufacturing capacity today to build wind turbines…they're already back ordered.'"
- By 2006 "fossil fuels accounted for 85%" of America's energy source. In 1973 fossil fuels were at "93%." That's only a decrease by 8%.
- If we have 15% of our energy being supplied by alternate sources than doubling that would mean 30% of our energy came from renewable sources. That's almost a third of our energy.
- Obama plans to reach this goal by creating jobs for people making wind turbines and solar panels, and research in "'developing new energy technologies.'"
- Barack also plans to reach the goal of doubling alternate energy "through a combination of mandates and subsidies."
- America produces "24,000 MW [megawatts] of wind, solar, and geothermal power" at this point in time.
- Solar, wind, and geothermal energy currently accounts for about 1% of Americas electricity supply. Obama wants to move that number up to 25%, a huge increase.
- Mr. Tillerson said "the company expects oil and natural gas to remain the dominant fuels for decades."