Obama Pushes Cellulosic Ethanol, Wind Energy, and Solar Power (and slams McSame)

[jpak]

http://www.politicalaffairs.net/article/articleview/6852/1/334/

Slamming John McCain for failing to vote for renewal of the Investment Tax Credit for alternative energy, presumptive Democratic nominee Barack Obama at a campaign stop May 13 in Cape Girardeau, Missouri touted a plan to invest in cellulosic ethanol, wind energy, and solar power as alternatives to fossil fuels.

These industries want to grow, Obama told the crowd. "But the problem is," he added, "Washington hasn't acted to give them the incentive where its economical for them to expand."

Obama pledged to invest $150 billion in wind, solar, and ethanol over 10 years to help companies develop new energy products.

Significantly, Obama also stressed the need to convert from corn-based ethanol to "ethanol that is made from non-food stock." Obama linked corn-based ethanol to higher food prices and as being less efficient than experimental cellulosic ethanol, a situation that has impacted consumers generally and livestock farmers specifically.

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[bananas]

1. It'll be interesting if he chooses Edwards for VP.

http://www.johnedwards.com/issues/energy/