Alternative Energy barack-obama1

Published on February 26th, 2013 | by Andrew Meggison

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Obama’s Energy Security Trust

 barack-obama1President Obama proposed in his State of the Union Address creating an Energy Security Trust to invest in research and technology that will “shift our cars and trucks off oil for good”.

America’s energy future is uncertain for sure; gas prices are up and down, the American electrical grid is not set up to accommodate a massive increase in electric vehicles, and the concern over America’s reliance on foreign oil still looms.

So what is an Energy Security Trust and how will it help? The proposal is to direct federal revenue from fossil fuel production (oil) towards clean energy investments. The revenue comes from leases that the federal government issues to energy companies looking to tap resources in public lands and or waters. This money will then go towards advancing America’s alternative fuel and energy research and implementation.

Some analysts are hailing this as a great leap forward on the alternative fuel front. Others are saying that this is just a new federal bureaucracy that will use federal dollars to make poor and unfounded investments – think Solyndra.

On the electric vehicle (EV) front , EVs did not make an appearance in this year’s State of The Union – in sharp contrast to last years. Interestingly on January 31st the Department of Energy (DOE) said that the agency would no longer hype Obama’s million EV car goal mentioned at the previous State of the Union. Instead the DOE will promote alternative fuel vehicles of all types not just EVs.

Source: thehill.com

Andrew Meggison was born in the state of Maine and educated in Massachusetts. Andrew earned a Bachelor’s Degree in Government and International Relations from Clark University and a Master’s Degree in Political Science from Northeastern University. Being an Eagle Scout, Andrew has a passion for all things environmental. In his free time Andrew enjoys writing, exploring the great outdoors, a good film, and a creative cocktail. You can follow Andrew on Twitter @AndrewMeggison 



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About the Author

Andrew Meggison was born in the state of Maine and educated in Massachusetts. Andrew earned a Bachelor's Degree in Government and International Relations from Clark University and a Master's Degree in Political Science from Northeastern University. In his free time Andrew enjoys writing, exploring the great outdoors, a good film, and a creative cocktail. You can follow Andrew on Twitter @AndrewMeggison



  • Jason Carpp

    I’m sorry to ask, but what does energy have to do with security? They don’t seem to sound like they should go together in the same sentence.

    • Christopher DeMorro

      @ Jason Carpp

      America’s reliance on foreign energy sources, primarily oil, puts us at risk in regards to having the spigot “turned off”. While this wouldn’t necessarily mean gas and oil would be unavailable, it would skyrocket in price overnight, leaving people unable to heat their homes, go to work, so on and so forth. In that sense then, Energy is very much so tied to security.

  • Scott Forrest

    You state that “the American electrical grid is not set up to accommodate a massive increase in electric vehicles, ”

    However that article doesn’t actually say that, and the source Jonathan Strickland of the website HowStuffWorks is unlikely to know anyway. The paper below by Oakridge National Labs says that the grid may not be capable depending on how people charge. On the other hand if people can be convinced to charge mostly at night, it WILL be capable of handling a massive increase in EV’s. Here in Northern CA, in PG&E territory, very high daytime electric rates (25-30 cents per kWh) and very low night time rates (7 – 9 cents per kWh) are strong incentives to charge at night. That’s what I do and that’s what all of the other EV owners I know do. So if you are going to report something, please make sure its accurate, or identified as speculation if indeed that is what it is, as in this case.
    http://www.ornl.info/info/ornlreview/v40_2_07/2007_plug-in_paper.pdf

  • http://MrEnergyCzar.com/ MrEnergyCzar

    I can’t imagine the more oil funded Right allowing monies to be directed towards a clean competing energy source…..  regardless of it’s source, especially from oil lease revenue….

    MrEnergyCzar

  • http://www.facebook.com/gregory.ackers Gregory Ackers

    Hi, Andrew. I’m est a non-profit with which to encourage law enf to use “green” powered autos. Were u really an Eagle Scout? Very cool! greganchors@yahoo.com

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