$50 Million for Ocean Energy
This recent news report confirms that the Senate approved an energy amendment proposed by Sen. Lisa Murkowski which provides $50 million for geothermal research and development, $50 million for ocean energy research and $25 million for research and grant assistance for small hydro development. OREC President Sean O’Neill spearheaded OREC’s efforts on the amendment; now it’s up to all of you to support it through conference.
This makes no sense. There must be every conceivable type of wave machine out there already. So what exactly is that $50 million supposed to do? This has all the earmarks of money spent to boost the Congressmen’s image. It will accomplish nothing for wave power.