Apollo Type project for Renewable Energies

Drilling off US Coast is NOT the cure!

But experts say additional drilling would only boost production by about 2 million barrels a day. That's about 20% of domestic oil production, but only about 2% of total worldwide demand, so its impact on prices would likely be marginal. In short, it's not a long-term solution to the nation's energy challenge.

Some say a real solution lies in the government embarking on a massive effort to fund renewable energy - something akin to the Apollo program that put a man on the moon in the 1960s.

Supporters are calling for the government to boost funding from about $4 billion a year now to $30 billion a year - every year for the next few decades.

"That's less than a third of what we're spending in Iraq," said Keith Schneider, a spokesman for the Apollo Alliance, a coalition of politicians, environmentalists, labor groups and businesses pushing the idea. "It's not a big number."

Barack Obama is halfway there. The presumed Democratic nominee wants to fund renewable energy to the tune of $15 billion a year for 10 years, paid for by auctioning off permits to companies that emit greenhouse gases

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