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A Closer Look at Obama's Plan to Pay for Energy Research With Drilling Fees

2013-03-19 19:05:00| Climate Ark Climate Change & Global Warming Newsfeed

New York Times: As was discussed here last Friday, President Obama has proposed using a tiny portion of federal revenues from offshore oil and gas production to build an "Energy Security Trust" to pay for the kinds of tough or longer-term energy research projects that the private sector tends to neglect. (A White House explanatory graphic is here.) Below you can read an excerpt from an Energy Collective post in which Obama`s funding plan is dissected by Jesse D. Jenkins, a writer at the blog and graduate student...

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