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06-26-2008, 02:41 PM #21
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Sen. McCain offers $300 million prize for new auto battery
Something as stupid as this? What would lead you to believe that trying to offer a reward for innovators in this nation to come up with new technology to help ease us off of our dependance of oil as stupid? This isn't meant to be our renewable/alternative source of energy obviously. It's meant to ease our need for oil and gasoline.
Originally Posted by Markass
Rewards have worked in the past. Look at the xprize. Private space industry has REALLY REALLY taken off in a very short time frame. It may not seem like a big accomplishment but we've really gone leaps and bounds. X PRIZE Foundation
Keep in mind the technology to build what he suggests will probably cost more than 300 million to produce. Research and development is not cheap.
Personally I commend him for giving incentive. People in this country don't want to do something for nothing. I really don't care if Halliburton, Exxon or Joe blow next door create this technology because in the end it is a huge step forward for us all. Let's all stop our bias towards the right and big corporations and think about whether something like this would benefit us as a nation. The answer is, if someone comes up with this technology and it's put in use, then yes.. it is worth it and 300 million is a small price to pay. We spend well beyond that on oil alone every day. Imagine reducing that cost by 70%. :thumbsup:
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