Forgot I found and added video to my earlier email

William Amos on July 11, 2008 at 2:28 PM

Obama’s dayton Speech

To provide immediate relief, I’ve proposed a second, $50 billion stimulus package that would send energy rebate checks to every American. I’ve asked Senator McCain to join me in passing such a plan, and I extend that invitation again today. I’ve also proposed a $1,000 middle-class tax cut that will go to 95% of all workers and their families. And I’ll crack down on oil speculators who may be artificially driving up the price of oil. But to truly reduce our long-term dependence on foreign oil, my plan will fast-track $150 billion of investment in a clean energy fund to help create the fuel-efficient cars and alternative sources of energy that will secure this nation and jumpstart a green economy. It’s a plan that will reduce our oil consumption 10 million barrels per day by 2030, which is more than all the oil we’re expected to import from OPEC nations in that same year.

First, we’ll double our fuel mileage standards over the next two decades utilizing much of the technology we have on the shelf today – a step that will save this country half a trillion gallons of gasoline, the equivalent of cutting the price of a gallon of gas in half. And I will provide tax credits and loan guarantees for our automakers to help them make this transition.

Second, we’ll launch a Venture Capital Fund that will provide $50 billion over five years to get the most promising clean energy technologies out of the lab and into the marketplace. A principal focus of this fund will be continuing the work I began in the Senate and investing in plug-in hybrid batteries that will allow cars to get up to 500 miles per gallon. I’m glad that Senator McCain now understands the importance of this battery technology, but it will take a lot more than a cash prize to achieve this goal. It will take a serious investment.

Third, to create a market for alternative sources of energy like solar, wind, , I’ll require that 25% of our electricity comes renewable sources by 2025, and that we produce two billion gallons of advanced cellulosic biofuels by 2013. We’ll also invest in finding cleaner ways to use coal, our nation’s most abundant energy source, and safer ways to use nuclear power and store nuclear waste.

Fourth, we’ll use our clean energy fund to invest over $1 billion a year to re-tool and modernize our factories and build the advanced technology cars, trucks and SUVs of the future – so that the jobs and industries of the future are created right here in the United States of America.

Finally, one of the fastest, easiest, and cheapest ways to conserve energy and use less oil is to make America more energy efficient and more competitive with the world. That’s why, when I’m President, I will call on businesses, government, and the American people to make America 50% more energy efficient by 2030.

When all is said and done, my plan to invest $150 billion in alternative energy will create entire new industries, thousands of new businesses, and up to five million new, green jobs that pay well and can’t be outsourced. And we pay for all of it by taking away tax breaks for oil companies and putting a price on carbon pollution – a step that will also reduce our carbon emissions 80% by 2050

William Amos on July 11, 2008 at 4:02 PM