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Washington, D.C-The Senate’s $790 billion version of the bill has $50 billion for energy related spending. Information from House Speaker Nancy Pelosi’s office shows how it breaks down.

$5 billion to weatherize homes of up to 1 million low-income people.
$11 billion toward smart-grid technologies to run the power grid more efficiently.
$13.9 billion in loans to subsidize renewable-energy projects and transmission.
$6.3 billion in state energy-efficient and clean-energy grants.
$4.5 billion to make federal buildings more energy efficient.

What is sad is 50 Billion still may not be enough. It’s about time that we get started on a new power grid for the nation, considering present one is being stretch way beyond its limits. The biggest and most important of all of them all is the $13.9 billion that is devoted to renewable energy projects, which will determine the future of our oil and gas businesses. The $6.3 billion for energy-efficient clean energy is a good amount for further development for energy sources that can have lesser effects on global warming. The recurring themes on the energy portion of the bill is efficiency. The continuous need for clean energy will drive our energy sector of our economy.

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