New Offshore Drilling Bill Proposes Big Changes

According to Rebecca Boyle of the Fort Collins Now, “The “New Energy Reform Act” would extend a federal renewable energy and energy efficiency tax credit, set to expire this month, until 2012. It would also provide $15 billion for research into advanced batteries and other energy-storing technologies, an

This solution is not thought to be a short-term fix. Unfortunately for consumers, things might get worse with this type of solution before they get any better. Because much of the suggested money in the bill would go towards research and development of new technologies, there is no real time table for how quickly the changes could come about. Politicians on both sides of the aisle recognize the need for some sort of change, though. Though this bill won’t immediately answer all of the oil crunch questions, it is a step in the right direction.

That is not enough, according to some politic

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