Comprehensive US Energy Bill: Does it Do Enough? (discussion)
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The Energy and Natural Resources committee of the US Senate voted 15 to 8 today to approve a comprehensive energy bill. The legislation, if passed by the Congress and signed into law by Pres. Obama would require that a minimum of 15% of all US electric power be generated from renewable resources, such as wind and solar power.
The legislation would also create a 30 million barrel emergency reserve of petroleum-based fuels, including gasoline and diesel, to lessen the impact of grave market fluctuations or sudden interruptions in world supplies. The bill would order an inventory be taken of offshore oil resources on the Outer Continental Shelf and could permit drilling within 45 miles from the Florida Gulf Coast.
The bill would also create a federal authority to oversee the needed expansion of electricity grids across the nation and coordinate the development of emissions-free renewable resources for electric power generation.
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