Last Friday in Lemont, Ill. — President Obama proposed taking $2 billion in royalties the government receives from offshore oil and gas leasing to fund research in the clean energy technologies arena in order to to lessen the nation’s dependence on fossil fuels to power cars and trucks.
Obama has planned to establish an Energy Security Trust, granting $2 billion in federal funds to clean fuel research by skimming federal revenue from oil and gas leasing. The money would be invested in breakthrough technologies such as LENR, SH cells, MIT’s fusion project, etc… Or is that the case? Will this money go towards adding more wind turbine farms that never pay for themselves? Or go to automakers that will in turn just give us a few miles per gallon more and charge us out the yang for it? What do you think? This is definitely a valid question. Everyone is fed up with gas prices and high electric bills. So why not get rid of “gas” completely. More focus on cold fusion(LENR) should be the course of the Obama administration. A look into Orbo technology, Keshe’s Magrav reactor, Andrea Rossi’s E-cat may be a better course of action.