March 5, 2014
Netanyahu's inaction to Obama's provocations sends powerful message
Kerry, after apparent criticism by Schumer, seeks to allay skepticism on diplomacy
How to ruin a perfectly good kid in 10 simple steps
2014 Oscars played it safe, but was faith lost in the shuffle?
Apple joins Hobby Lobby in touting corporate values beyond profit
March 3, 2014
Alina Dain Sharon: In the Hebrew calendar, a leap year has extra month, not day
Latest Obama appointment to prove Prez set on emasculating so-called Israel Lobby
Jewish World Review
June 25, 2008
/ 22 Sivan 5768
We need a new Manhattan Project
The availability of the hydrogen-powered car, the Honda FCS
Clarity, just leased to several hundred people in southern California,
reinforces for me the need for an urgent government research program
devoted solely to ending the energy crisis.
Last year, $327 billion
flowed from the United States to oil producing countries, hugely
contributing to our current economic crisis. This year the dollars
spent on importing foreign oil are undoubtedly far greater: oil in 2007
ranged from $60 to $92 a barrel and last week reached $139. America's
estimated annual oil bill for 2008 will be $400 billion.
According to The New York Times of June 20th, "Honda's
president said that the Clarity costs several hundred thousand dollars
to make," so it isn't really anything more than a gimmick today.
However, with government-backed research, it is likely that we could
make the hydrogen engine and battery readily available at an affordable
price. The Manhattan Project building the atomic bomb cost $2
billion, $21 billion in today's dollars. A similar program dedicated to
dealing with the country's energy crisis could help develop new nuclear
power plants and refineries, and expand drilling offshore and in Alaska,
including ANWR (Arctic National Wildlife Refuge). Energy is to industry
what oxygen is to humans and other animals. Without it we would die,
and in the case of energy, our standard of living would be vastly
A Manhattan Project would enlist, as it did in World War II,
the best minds available who could determine what is practical and
environmentally safe. It would deal with short-term and long-term
measures, including conservation, and its scientific breakthroughs would
be available to all of America's industry.
Naysayers are quick to claim that none of these measures
alone will end our dependence on foreign oil and often point out that 79
percent of existing offshore oil leases are not being developed. If
offshore oil leases are not being exploited, we should ascertain why
that is the case, and take immediate measures to penalize offending oil
Congress, for its part, is also shirking its duties. It has
failed to come up with an effective energy plan. All we see is partisan
wrangling, while all Americans suffer. It is both ridiculous and
catastrophic that the current presidential election may be decided by
the price of gas in late October which some experts have suggested may
reach $5 per gallon.
Let me offer a proposal to both candidates - Senators Obama
and McCain. Why not, in order to lessen the huge impact on the
discretionary dollars available to Americans today because of the cost
of filling up the gas tank, make the cost of transportation that is
employment related, including expenditures for gas, train and subway, a
tax credit for amounts spent, available on income taxes to be filed this
In case you're wondering, a tax credit gives the taxpayer
the benefit of dollar for dollar spent. There has been talk by
economists and the candidates of the need for a second stimulus. Why
not address a huge problem - cost of transportation - and provide a
stimulus at the same time?
Every weekday JewishWorldReview.com publishes what many in the media and Washington consider "must-reading". Sign up for the daily JWR update. It's free. Just click here.
JWR contributor Edward I. Koch, the former mayor of New York, can be heard on Bloomberg Radio (WBBR 1130 AM) every Sunday from 9-10 am . Comment by clicking here.
© 2008, Ed Koch