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

[dragonrider]

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:

Well, that one I personally would not be in favor of, because oil shale is not a renewable resource, and it is still very polluting.

But there are probably a lot of great applications for these kinds of contests. It's one way government can work with industry without getting too involved. NASA has sponosred a few of these things, and they should do more. There is one going on right now related to a "Space Elevator" and others related to moon landers. These contests are composed of a lot of "baby step" contests. It's not like they said, here's a billion dollar prize for making a space elevator. They have one prize for innovations in making the elevator tether material of a certain strength. And another for making a certain milestone for the "climber" that goes up the tether. That way they have achievable goals that lay the groundwork for the big goal.

dragonrider Reviewed by dragonrider 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