Friday, August 24, 2012

Romney Energy Plan Puts Power In Research

Research Energy

In an article by David Malakoff  ("Basic Research Burns Bright in Romney Energy Plan") in ScienceInsider, Mitt Romney's energy policy is generally given a positive review, essentially because it advocates that the United States return to more basic, or pure research, and that it ought to conduct a comprehensive survey on known energy resources:
The 14-page plan also endorses expanding the production and use of fossil fuels such as oil and natural gas, and launching a new "comprehensive survey" of carbon-based energy resources in the United States.

"Government has a role to play in innovation in the energy industry," begins a three-paragraph section devoted to research and development. "History shows that the United States has moved forward in astonishing ways thanks to national investment in basic research and advanced technology." But the federal government “should not be in the business of steering investment toward particular politically favored approaches,” it says, singling out government support for wind and solar power companies as examples of wasting public dollars.
The Romney plan also notes that "the United States is blessed with a cornucopia of carbon-based energy resources," but that "we do not even know the extent of our blessings." That's because "surveys and inventories of resource deposits are decades out of date—when they have even been done at all." To close that gap, Romney promises to “conduct a comprehensive survey of our untapped resources so that policymakers and developers have a full picture from which to work."
Knowledge is power. So a comprehensive survey makes sense, and it's a wonder why it has not been done previously. For that reason alone the plan deserves attention, given its link to energy resources; pure research, as well, although sounding counter-intuitive, is the way to go. From pure research comes innovation and proven ideas, leading to technologies that eventually become proven and innovative and, yes, revolutionary.

Equally important, this is especially important now to limit America's dependence on Mideast and foreign oil, notably from unfriendly and unstable regimes, many whom fund terrorism. It will also lead the United States to energy independence by 2020, while creating three million jobs and bringing in more than $1 trillion in revenue. It's important to note that every 1.5 million jobs created equates to an one-percentage point drop in unemployment. A two-point percentage drop is significant; and it would have the added  benefit of raising the spirits in America. So says the Romney plan.

You can read the rest of the article at [ScienceInsider]

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