A Quote by Julia Gillard
Our nation is well equipped to make the transition. We have an abundance of natural resources like wind, natural gas, solar and geothermal.
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The transition from coal, oil, and gas to wind, solar, and geothermal energy is well under way. In the old economy, energy was produced by burning something - oil, coal, or natural gas - leading to the carbon emissions that have come to define our economy. The new energy economy harnesses the energy in wind, the energy coming from the sun, and heat from within the earth itself.
There is an urgent need to stop subsidizing the fossil fuel industry, dramatically reduce wasted energy, and significantly shift our power supplies from oil, coal, and natural gas to wind, solar, geothermal, and other renewable energy sources.
Our nation's power plant fleet must include a mix of solar, wind, hydro, natural gas and nuclear plants.
We must proceed with our own energy development. Exploitation of domestic petroleum and natural gas potentialities, along with nuclear, solar, geothermal, and non-fossil fuels is vital. We will never again permit any foreign nation to have Uncle Sam over a barrel of oil.
We are already witnessing a transformation in the U.S. economy to increased production of lower carbon energy through fuel switching to natural gas and expansion of wind, solar, geothermal, and other renewable non-carbon intensive energy sources.
Our country has suffered from an on-again, off-again energy policy that has failed to get us to energy independence. As President Obama has said, we need a comprehensive energy plan for the country that includes conventional resources like oil and gas, but that also takes advantage of wind, solar, biomass, geothermal, and other renewable resources.
What I want is natural gas to be a bridge to a cleaner energy future, not a dam against a cleaner energy future, not a dead end. To get this right, to get the most out of it, we not only have to make sure we exploit natural gas in a clean way - it's a challenge - but we also have to make sure that we are instilling and implementing all the incentives to win solar, nuclear energy efficiency that will make them continually competitive with natural gas in the future.
We simply have to transition from an economy based almost exclusively on oil and coal and natural gas to one that's far more diversified, that uses solar energy, and wind energy, and the power of the tides, and bio-mass energy, and eventually, develops hydrogen.
I think God has blessed this country with enormous natural resources, and we should pursue all of the above. We should be developing oil, and gas, and coal, and nuclear, and wind, and solar, and ethanol, and biofuels. But, I don't believe that Washington should be picking winners and losers.
Neither solar nor wind are actually substitutes for coal or natural gas or oil.
With our abundance of wind, solar, and geothermal energy, Nevada has been a leader in moving away from carbon emissions and embracing a clean energy economy that has created good-paying jobs in our state that can't be shipped overseas.
The idea that we're going to replace oil and natural gas with solar and wind, and nothing else, is a hallucinatory delusion.
Relative to oil, however, natural gas is very cheap and very attractive. And I think that natural gas in emerging markets is very attractive. There is very little natural gas infrastructure in places such as China, where there is tremendous demand for natural gas.
Compared to coal, which generates almost half the electricity in the United States, natural gas is indeed a cleaner, less polluting fuel. But compared to, say, solar, it's filthy. And of course there is nothing renewable about natural gas.
Today, natural gas now outstrips coal as the leading provider of electricity in America. If this is as big as people believe it is, natural gas will soon be powering trucks and marine ships. Maybe even standard commercial cars that people use at home through compressed natural gas, other gas to liquids. The potential is there for more energy independence by America and a reliance on cleaner fuel - natural gas emits half as much as coal, in terms of carbon emissions. That's a real bounty.
Through Duke Energy's strong balance sheet and electric generation expertise, and Piedmont's understanding of natural gas markets and proficient operations, the combined company will be well-positioned for a future that may require additional natural gas infrastructure and services to meet the needs of our customers.
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