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from its reliance on imported oil. So far, President Barack Obama has announced no new federaleffort to promote the fuel, and federal funding for hydrogen fortransportation use in the 2009 budget dropped to $177.7 Oil prices are going to go up. We will have packages that will be verycompetitive at that time.”
By 2012, we should have made some progress on this, just in time to re-elect Obama to his second term. The economic stimuluspackage currently before Congress could include incentives for both buyers of electric vehicles and electric vehicle battery manufacturers. Smart meters and electric cars: a match made in efficiency.
Dr. Paul addressed a positive change—the days of increasing US oil consumption may be over. “ We reached peak oil consumption in the US in 2008 and the same is true in the EU and Japan. ” M barrels/day of oil within the next 10 years ”. Dr. Paul still sees significant growth in the developing world. Billion vs. $28.3
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