29 Jun '12, 6pm

Read about "Incentives to Speed Innovation", our #EDTA Psdt Brian Wynne's piece in The Electric Drive Report

Incentives to Speed Innovation Thursday, June 28, 2012 Note from the editor: This post was initially published as a National Journal Energy Experts Response on June 27 As Congress looks to reform tax policy, they should also recognize the value of targeted, time-limited and performance-based incentives in speeding innovation that serves our national interest. A most- glaring need for innovation is our dependence on imported oil. According to a Wall Street Journal piece published on June 27 , the Brookings Institute reports that the U.S. spends $50 billion a year protecting oil shipments. Although foreign oil purchases are expected to decline in the coming years, U.S. government forecasters still predict the U.S. will purchase about 2.5 million barrels of petroleum a day by 2020 from the Middle East, Africa and Europe and 860,000 barrels a day from the Persian Gulf. With mo...

Full article: http://electricdrive.org/index.php?ht=d/ReleaseDetails/id...

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