trailerIf President-elect Barack Obama enacts the energy plan he laid out during his campaign, American taxpayers will each get a $500 rebate check – funded by a windfall profits taxes on big oil companies.

Among more than two dozen bullet points, Obama’s energy plan includes:

• Putting 1 million plug-in-electric hybrid vehicles (PHEVs) on the road by 2015 – cars that can get the equivalent of 150 miles per gallon.

• Creating 5 million new “green jobs” by investing $150 billion over 10 years to stimulate clean-energy infrastructure and manufacturing such as wind-turbine plants and solar panels carpeting the nation’s rooftops.

• Cutting US oil consumption, within 10 years, by the amount currently imported from the Middle East and Venezuela combined.

• Requiring 10 percent of the nation’s electricity to come from renewable energy sources like wind, solar, geothermal, and biomass by 2012. By 2025, raise that to 25 percent.

• Establishing an economy-wide cap-and-trade program that cuts US greenhouse gas emissions by charging for every ton of carbon dioxide that goes into the sky from coal- and natural gas-fired US power plants.

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