New Energy

Why New Energy

The current energy policy is socking our pocketbooks. Families will spend $2,300 more this year to fill up their cars and $1,700 more for home heating oil than at the beginning of the Bush presidency.

And it’s socking our planet. The warning signs of catastrophic climate change are all around us. Arctic ice is melting at a record pace. Wildfires are burning hotter and longer. The lake that supplies water to Phoenix and Las Vegas is drying up. A record number of Category 5 hurricanes have formed in the Atlantic Ocean this decade. Hunting seasons and wildlife habitats are beginning to be adversely impacted.more »

The Challenge

Turning to domestic oil is not a serious option. Not only will that do nothing to reverse global warming, but the oil simply isn’t there. The United States has less than 2% of the world’s oil reserves and imports 60% of the oil we use. We can’t drill our way out of the hole we’re in. The reality is: world oil production is at or near its peak. Global demand for oil—up to 86 million barrels a day—has exhausted spare capacity.
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After the Platinum Parachutes, A Green Lifeline

At best, the federal government's bail out of Wall Street will help the U.S. economy — which is already in a ditch ̵ avoid a total meltdown. Fine. Now we need a plan to jumpstart the economy and actually get America moving again.more »

The Bailout and Support for Renewable Energy

It was stagnant wages and falling living standards for the middle class over the last eight years, as much as anything else, that drove Americans to try to compensate with their own version of structured finance in the form of questionable mortgages and home equity loans on their homes. more »