way you think it s going to work, will the administration stop releasing a million barrels a day? we would always adjust our strategy to do what is most effective to bring prices down. so when this release is finished, six months from now, the reserve will be depleted by one third that will be its lowest level since 1984. the white house says they plan on buying back this oil and replenishing the reserve when supply up and prices come down but long term, the u.s. the white house does not see fossil fuel dependence as in the long-term strategic best interest for the united states, which is why the president today announced the defense production act hoping to ramp up production of materials necessary for electric vehicle batteries right here in the u.s. brett. bret: jacqui heinrich on the north lawn. inflation gauge federal reserve jumped 6.4% in february compared
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we will get the dividends, 60% would get more money. we d burn less energy. how do you mitigate the most acute political resistance from the biggest payor? well, the incentive is for everybody. let me give a quantitative example to the question you had just asked. if we put a fee that we collected at a rate of $15 a ton of carbon monoxide the first year, and increasing $10 a ton each year, at the end of ten years, that would be $115 a ton and the amount collected would be close to $600 billion a year. if you distribute that among the legal residents it would be between $2,000 and $3,000 per legal resident. so a family with two or more children would get between $6,000 and $9,000. they would get it monthly. electronically to their bank account or if they don t have one to their debit card. this would reduce our fossil