Obama Energy Plan

The Obama- Biden Energy Plan is a start in the right direction. The Obama administration offers to create millions of new green jobs, but can he deliver?The following is from the Obama campaign site. Ambitious for sure, but can he deliver?

The Obama-Biden comprehensive New Energy for America plan will:

1. Provide short-term relief to American families facing pain at the pump.
   

2. Help create five million new jobs by strategically investing $150 billion over the next ten years to catalyze private efforts to build a clean energy future.

3. Within 10 years save more oil than we currently import from the Middle East and Venezuela combined.

4. Put 1 million Plug-In Hybrid cars -- cars that can get up to 150 miles per gallon -- on the road by 2015, cars that we will work to make sure are built here in America.

5. Ensure 10 percent of our electricity comes from renewable sources by 2012, and 25 percent by 2025.

6. Implement an economy-wide cap-and-trade program to reduce greenhouse gas emissions 80 percent by 2050.

7. http://my.barackobama.com/page/content/newenergy

How is he going to accomplish this? It will be expensive for sure.Is it aimed in the right direction? We will see. The plan is sketchy on details but we will give him the benefit of the doubt for now. More detailed analysis will follow.