Sen. McCain offers $300 million prize for new auto battery

[Psycho4Bud]

I think these kinds of contests can work realy well and be a very cost effective way to promote needed inovations. How about $300 million to the company that can develop a way to make ethanol out of corn stalks, wood chips and other cellulose waste for the same cost as using corn? Or $300 million to the company that can develop a way to make solar electricity as cheap as electricity from coal? Or $300 million to the company that can develop a way to make food waste and orgainic waste that now goes to the landfill into fuel oil for less than $50 a barrel? These kinds of innovations would easily be worth the cost of the contest.

HELL YEAH, and for the big prize they can further research on this:

There is an estimated 2 trillion barrels of oil buried beneath parts of Colorado, Utah and Wyoming. Geologists, petroleum companies and the federal government have known about these massive deposits for nearly a century. The trouble has always been: how do you get at it?

It is believed that the shale deposits in the Green River region of Colorado, Utah and Wyoming are holding the equivalent of approximately 1.5 trillion to 1.8 trillion barrels of oil. Called â??oil shaleâ?� or â??shale oil,â?� according to scientists and petroleum companies, much of it cannot be recovered with current technology due to the costly processing involved and the depth of the deposits buried beneath the Rocky Mountains.

Still, if only half can be extracted, scientists believe the amount is nearly triple the oil reserves of Saudi Arabia.
U.S. HAS MASSIVE OIL

THIS would make us energy independent for years.

Have a good one!:s4:

Psycho4Bud Reviewed by Psycho4Bud on 06-23-2008. Sen. McCain offers $300 million prize for new auto battery John McCain hopes to solve the country's energy crisis with cold hard cash. The presumed Republican nominee is proposing a $300 million government prize to whoever can develop an automobile battery that far surpasses existing technology. The bounty would equate to $1 for every man, woman and child in the country, "a small price to pay for helping to break the back of our oil dependency," McCain said in remarks prepared for delivery Monday at Fresno State University in California. McCain Rating: 5