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Friday, June 27, 2008
Rich Tucker :: Townhall.com Columnist
Can You Spare Some Change?
by Rich Tucker
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Finally, in an election supposedly about “change,” somebody offered something genuinely different. Something that might actually work and would, if nothing else, improve how Washington operates.

“I further propose we inspire the ingenuity and resolve of the American people,” Sen. John McCain said, “by offering a $300 million prize for the development of a battery package that has the size, capacity, cost and power to leapfrog the commercially available plug-in hybrids or electric cars.”

$300 million is a lot of money. Even the free-spending guys on “Entourage” could live for many years on $300 million. Still, it’s mere peanuts to our federal government, which spends more than $2 trillion each year.

Now, a fair-minded critic could point out that, with gasoline soaring past $4 per gallon, there’s already plenty of market incentive to build a better battery; isn’t this proposal superfluous?

Perhaps. But it would also serve to create a bigger market, and trigger more research. Few can resist the temptation of $300 million.

Moreover, this idea has the ability to change Washington’s approach to energy policy. Before we get to that, though, let’s hear what the self-declared candidate of “change” had to say about McCain’s proposal.

“When John F. Kennedy decided that we were going to go put a man on the moon, he didn’t put a bounty out for some rocket scientist to win,” Sen. Barack Obama intoned. “He put the full resources of the United States government behind the project.”

That’s more of an apt example than Obama realizes. Yes, the space program scored some big successes in the late 1960s. But let’s consider what federal control of space has given us in, say, the last 30 years.

NASA can no longer put a man on the moon, something it did repeatedly 40 years ago. Instead, the government has spent recent decades launching a dangerous space shuttle into orbit. The shuttle exists only to service a needless space station, an orbiting platform that breaks no new scientific ground but merely mirrors the MIR, launched by the Soviet Union decades ago.

One of Obama best-known supporters is former Secretary of Energy Bill Richardson. He dismissed McCain’s plan out-of-hand on CNN. “What Obama wants to do is conservation, fuel efficiency of vehicles, renewable technologies, solar wind, biomass, biofuel,” Richardson said. How would Obama encourage these industries?

“You don’t just throw out 300 million bucks as a gimmick for somebody to discover it. You do long-term research. You do tax incentives for the industry. You invest. You co-invest with the industry.” Richardson said.

In other words, the candidate of “change” is actually the candidate of “business as usual.” Continued...

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About The Author

Rich Tucker is an editor in Washington D.C. and a columnist for Townhall.com.

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gofer 7:20 PM EST
"BTW, a $17,000 Chevy Prizm or Toyota Corolla (same thing) will get almost as good mileage as a $30,000 Prius"

Interesting figures. A Prius gets 46 mpg, a Corolla 29. I wouldn't call 37% worse mileage "almost as good." Also, a new Prius MSRP is $21,500, a Corolla $15,250. It doesn't take a lot of driving at $4-$5/gal to make up the difference in purchase price.

There are actually two quick, immediate ways to reduce gasoline costs:

1. Make the national speed limit 55 mph and enforce it. That immediately saves us the equivalent of 2.5 peak-production ANWRs.

2. Balance the Federal Budget. Since oil prices are in US dollars, the weakness of the dollar is a major factor in the price of gasoline. Balancing the budget would probably take a dollar or two off the price of gas.

New fuel available tomorrow
IF we had a new fuel available tomorrow, it would have to be able to be used in present vehicles, which won't happen. SO, just how long do you think it would take to get every vehicle replaced? Also any new vehicles would be VERY expensive at the outset. Plus building a infrastructure to distribute this new fuel.

There is NO alternative to oil that will solve our present our near future problem. DRILL NOW and OFTEN!

BTW, a $17,000 Chevy Prizm or Toyota Corolla (same thing) will get almost as good mileage as a $30,000 Prius, without the repair expensives and questionable life of the car. Anybody want to buy a used Prius and take the chance of having to replace a very expensive battery?
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