Obama Calls for End of Oil Subsidies in 2011 Budget

For many years folks have question the idea of giving billions of dollars in subsidies to the richest companies on the globe, literally. I am so pleased to report some good news. A few news stories:

http://www.triplepundit.com/2010/02/obama-call-for-end-of-oil-subsidies-in-2011-budget/

http://www.nytimes.com/2011/02/01/science/earth/01subsidy.html

What does this mean? The budgets for research and development of renewable energy technologies would potentially quadruple. Also, if all energy forms were on a neutral playing field, the argument that fossils fuels are "cheap" becomes null and void. In fact, if we add the hidden/externalized healthcare and environmental costs to fossils fuels we would find them to be extremely expensive! This is a great first step to energy security and independence.

Chasidy Fisher Hobbs

Coastkeeper

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