Tech Productivity

$300 million prize for Auto battery innovation

Monday, June 23rd, 2008 | Nanotechnology

This are some shocking but true and breaking news - Someone who can create a most innovative Eco-friendly auto battery that will overtake all existing technologies in field of electricity would be awarded $300 US million by US government if McCain comes to power, as proposed by republican senate McCain. But wait, wait, not so easy money guys, the new economical auto battery should deliver power at 30% than current costs and its size and capacity should be worthwhile. McCain says he wants to break the oil dependency from foreign countries (fact is that US is itself sitting on huge oil reserves that it will only use when other countries oil reserves extinguish). This huge prize is worth. I still remember McCain’s interview in which he said that he really presses on the matter of CO2 emissions and global warming and is all geared up to do something for this cause, but also mentioned at India and China should also co-operate in this matter. McCain stresses on the importance of carbon free world and he does realize the importance and need to pollution free atmosphere. Also he would like to give credits to car makers for making such zero pollution free cars or hybrid cars.

Oil prices are rising at fast pace with crude oil at $140/barrel. Plus there has been problems between US and OPEC (middle east especially). Bush is actually backed up by large coal firms ( exxonmobil ?), so i cant see any action towards pollution free world from him. Plus one thing what i liked about McCain is that he stated that he would like to remove the ban on  offshore drilling to reduce dependency on other countries. At this point, Obama opposes this removal of ban. Why does federal impose ban and not let their oil wealth flow in their own nation. Why waste your currency ? US’s policy on energy dept. is really not healthy one nor beneficial for the state.

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