We are starting a new monthly series today. Once a month, a selection of peer reviewed articles from several Energy Journals will be posted on the Oil Drum by Rembrandt and EROI Guy. The journals from which we select articles include Ecological Economics, Biomass and Bioenergy, The Oil & Gas Journal, The Energy Journal, Resource and Energy Economics and Energy Policy, to name just a few. Links are provided to articles but some may require fees for access.

The Obama-Biden comprehensive a New Energy for America Plan is designed to:

1. Help create five million new jobs by strategically investing $150 billion over the next ten years to catalyze private efforts to build a clean energy future.
2. Within 10 years save more oil than we currently import from the Middle East and Venezuela combined.
3. Put 1 million Plug-In Hybrid cars -- cars that can get up to 150 miles per gallon -- on the road by 2015, cars that we will work to make sure are built here in America.
4. Ensure 10 percent of our electricity comes from renewable sources by 2012, and 25 percent by 2025.
5. Implement an economy-wide cap-and-trade program to reduce greenhouse gas emissions 80 percent by 2050

The Obama energy agenda focuses on - and these are not mutually exclusive - efficiency, electrification, and the promotion of alternative energy resources. Its five main goals are set up in a way so that success in any one of the five individual areas will reinforce the other 4, helping the overall agenda achieve success. For example, creating 25% of the U.S. electricity production from renewable resources (goal #4) will aid in decreasing the U.S. greenhouse gas emissions by 80% (goal #5).

The energy agenda is a welcomed change showing a future outlook that is based, at least to some [small] extent, on the physical realities of the natural resource world. However, from the perspective of net energy, some potential problems do exist. My goal here is to discuss some possible shortcomings of the new administrations energy agenda from the perspective of net energy.

The following is a post by both Dr. Charles Hall and EROI Guy. Most of the material comes from a recently published book chapter titled “Peak oil, EROI, investments and the economy in an uncertain future.” The book can be found here. Dr. Charles Hall is a professor of Systems Ecology at the College of Environmental Science and Forestry in Syracuse, New York, and has written about energy issues many times on The Oil Drum, found here.