The view from Sarah Palin's porch remains as bizarre as it was when she said she could see Russia from there. Having conquered the limits of space, Palin's eyes now vaniquish time.
"American prosperity," the soon-to-be-former Governor of Alaska writes in today's WaPo, "has always been driven by the steady supply of abundant, affordable energy."
As Palin makes clear further on, the only energy sources that meet her All-American standards are fossil fuels. (Nuclear power is OK, but from an economic POV, it's something of a dinosaur, too.)
Coal. Natural gas. And, of course, the precious crude oil that gave rise to her battle cry, "Drill, baby, drill!"
The energy future Palin sees from her porch is, in fact, the past.
Palin's 20th Century obession with fossil fuels is not unique. On Monday, Wonkette took a swipe at the National Endowment for Democracy for hosting a conference on fostering democracy in oil rich countries. (Still?! Again?!)
According to a piece in today's HuffPo, even Exxon is experimenting with biofuels, investing half a billion dollars in algae-based program. (I think their dabble is doomed to failure, but that's a different post. Or, if you can't wait, check out what Greenbiz had to say on this subject last week.)
A more likely future was presented in a study released yesterday by the University of California: "Electric Vehicles in the United States."
The report forecast that electric vehicles (EVs) will account for up to 86% of all new car sales in the US in just two decades. What's interesting about the study is not its wildly optimistic viewpoint -- it's the business model they say will usher in that future.
Here’s the concept: You pay for the electric vehicle (like the Renault-Nissan Rogue shown above).
The company, Better Place, pays for (and owns) the $11,000 battery. And the network of charging stations. And the switching stations where customers can swap their nearly empty battery for a full one on long trips, at no fee. Under this scenario, you’ll buy the car in the usual way. But all the costs associated with powering the vehicle will come in the form of a pay-per-mile contract.
The concept is familiar to anyone who has a pay-per-minute cell phone contract. The cost to the consumer pencils out at a point well below what gasoline-powered drivers currently pay. The savings increase with the inevitable rise in oil prices.
The UC study found that “separating the purchase of the battery from the car and incorporating its financing into a service contract that pays for the electricity and charging infrastructure radically changes the pricing possibilities for electric vehicles.”
According to the study, other key benefits of adopting EVs at this scale include:
- A decrease in oil imports of between 18-38%.
- A reduction of the US trade deficit by a third.
- A net increase of as many as 350,000 new jobs.
- Health care saving of between $105-$210 million based on lower levels of airborne pollutants.
- A 69% decline in CO2 emissions — if the electricity to charge the batteries comes from renewable, clean sources such as solar or wind.
To those who think this will never happen: it's already begun. With the aid of $45 million from the state of Hawaii, Better Place is installing charging stations in key areas on the islands. The company also plans on building a billion dollar charging infrastructure throughout the San Francisco Bay area. And the Japanese company, A123, has announced plans to build a $2 billion plant in Michigan to produce batteries for these cars.
The Sarah Palins of the world don't see any of this, of course. She and her followers are too busy marching backwards into the past and thinking they're gaining ground.
As all progressives know, looking forward is so much more fun.