Late this afternoon, the Missouri Energy Independence Tour stopped off at Missouri Western State University in St. Joseph, MO. Students, undecided voters and supporters gathered in a classroom to join in a discussion on energy policy with Tom Carnahan, founder of the Capital Wind Group, Dan Kammen, a noted expert in energy policy, and Missouri State Audtior Susan Montee.
After some brief opening remarks and reflections from the panel, the audience began to ask questions and offer their own thoughts. One man sitting near the back indicated that upon being informed of this discussion, he got off his tractor and came straight to the auditorium.
I was out in the field when I got word, and I just had to come be a part of this. I'm a proud investor in Lifeline foods, one of the few production outlets totally owned by independent farmers. Our idea was, you put in your share, and you get something back for it. We took our time, and we did ethanol right. We produce food from corn, for numerous manufacturers like Frito Lay and then use the by products, which would normally be tossed, to create ethanol. It's a method that benefits the farmer directly and doesn't run up the price of food.
The panel applauded the methods employed by Lifeline, indicating that it set an example for the rest of the industry. Still, Dan Kammen noted, there is no one clear path to energy independence. Everything must be explored. He stood up and took a piece of chalk in his hand, writing the "$700 Billion" on the blackboard. "What does this number mean to you?" As members of the audience shot back with various things, including bail out, Dan nodded and underlined the number.
700 Billion dollars is not only the proposed amount for the bail out, but it's also the amount of money we spend EVERY YEAR on energy in this country. That's by far the single biggest industry in the world, yet energy companies only invest less than one half of one perfect of their revenues into research. By comparison, the three biggest bio tech companies invest around 15 percent of their earnings back into research. To do this right, you have to explore all the possibilities. We can't simple pick one standard and run with it, that's the wrong path. In order to really achieve energy independence, we need to look at all forms of bio-fuels. Corn and cellulosic based ethanol, solar, wind and many others.
700 Billion dollars is not only the proposed amount for the bail out, but it's also the amount of money we spend EVERY YEAR on energy in this country. That's by far the single biggest industry in the world, yet energy companies only invest less than one half of one perfect of their revenues into research. By comparison, the three biggest bio tech companies invest around 15 percent of their earnings back into research.
To do this right, you have to explore all the possibilities. We can't simple pick one standard and run with it, that's the wrong path. In order to really achieve energy independence, we need to look at all forms of bio-fuels. Corn and cellulosic based ethanol, solar, wind and many others.
Tom Carnahan nodded in agreement and later built on that sentiment.
I heard Sarah Palin on the radio today saying that Obama and Biden are fools for wanting to invest in alternative energies because they're unproven. Well, my mom always tells me the story of how she held me up to the television when they showed the first man setting foot on the moon. We didn't know for sure that we could put on the moon when we started, but we had a leader with the vision to challenge our industry and our industry to help make that a reality. We can have that moment again. Barack is challenging this nation to become energy independent, and to believes by investing 150 billion dollars over the next ten years, we can make great strides towards achieving yet another American dream.
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