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Preview: Obama Energy Policy Sounds Expensive

President Obama is set to speak at Georgetown University this morning in just under 5 minutes. The topic: Winning the Future-American Energy.

Some goals provided by the White House press office:

-Reduce U.S. oil imports one-third by 2025

-Identifying underdeveloped resources

-Securing access to dicerse and reliable sources of energy

-Increasing bioenergy production, building a new international framework for nuclear energy

-Expanding biofuels markets by breaking ground on at least four commercial scale cellulosic or advanced bio-refineries over the next two years

-Putting 1 million electric vehicles on the road by 2025

-Investing in advanced vehicles, fuel technologies, high speed rail and public transit

-Generating 80 percent of U.S. electricity from clean energy sources by 2035-including renewable energy sources like wind, solar, bio mass, hydro power, nuclear power, natural gas and clean coal

-Weatherize 600,000 low income homes through recovery act investments

The good news is that the White House is at least talking about the idea of drilling for oil in America and nuclear energy use, however, the Obama administration is covering its ban on deep water drilling with, "the Obama administration has launched rigourous and comprehensive environmental and safety reforms to ensure the responsible development of offshore oil and gas resourses," bringing into question whether the administration is really serious about allowing U.S. companies to access and develop offshore energy resources.

Ahead of the speech, Obama's energy plan sounds expensive as the White House continues calls for high speed rail, a project rejected by governors multiple times, more ethanol production, electric vehicles, more government regulations to force automakers into making "efficient vehicles," and clean energy "investment." 

Exploring nuclear and hydro-power as electric sources is promising, but considering the grain required to fill a 25-gallon gas tank with ethanol is enough to feed a person for one year, the ethanol priority seems out of place.

Obama recently called for drilling offshore in Brazil in order to boost their economy so this better be good.

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