A New Green Energy Initiative

In a much anticipated announcement, President Obama shared the four major points of the his green energy initiative today, also know as the Clean Renewable American Power act.  Mr. Obama heralded the bill as a giant step forward in "freeing the United States from its dependency on Middle East oil" and  "providing middle class Americans with sustainable energy for many generations." 

President Obama described the specifics as :

Natural.

Completely sustainable.

Addresses greenhouse gas emissions.

Middle class focused.

The technology involves harnessing methane gas production from livestock such as cows, sheep and goats.  Livestock currently accounts for 18% of greenhouse gas emissions, more than all the planes, trains and automobiles in the world.  So using this source of natural gas would serve several purposes.

The technology is based on a gas capturing and filtration dome that can be placed over individual animals or entire building.  The methane gas is then collected and separated from the oxygen and nitrogen through a series of distillations plates under in subfreezing temperatures.

President Obama dismissed the critics who claimed that this project would likely turn out to be another disaster like Solyndra.  Mr. Obama scolded Republicans, "Let me be perfectly clear, Americans have been asking for Clean Renewable American Power (CRAP) and I'm going to give it to them.  It's time for the Republicans to stop being the party of "no" and vote for CRAP.   It is my goal to make sure the Middle Class gets more CRAP than in the previous three administrations."

One the CRAP act passes, it is expected that President Obama will appoint Lawrence Summers as the new CRAP Czar.   President Obama praised Mr. Summers by saying, "Given that Larry has already shown his effectiveness on White House Economic Council, it is fitting that he become the first Czar of CRAP."

Mr. Obama concluded the press conference by wishing everyone a Happy April Fools' Day!

For more on New Beginnings, check back every Sunday for a new segment.

This is not financial, energy or policy advice. Please consult a professional advisor.

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