"The United States needs to more than triple its spending on energy research, development and demonstration projects, from about $5 billion now to $16 billion"
The U.S. in lagging behind other industrialized nations in energy research spending which may eventually result in the U.S. being overtaken in the development of new energy technologies. In Obama’s 2008 election campaign he spoke of increasing energy research spending, but with the collapse of the economy, that money has gone elsewhere. And, although this necessity to increase spending is urgent, a bill being passed through the house looks grim due to it’s incoming republican leadership.
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