Recently, President George W. Bush released a comprehensive energy plan that he hopes will go into effect shortly. There are a few main points that are stressed in his energy plan. The first is his effort to reduce pollution. Next, he wants to speed the re-licensing process for distributing energy permits, as well as expand the drilling areas of many major oil drilling companies, and the industry in general. Also, the plan calls for different types of energy conservation by both industries and individuals. In addition, the plan examines the use of alternate sources of energy, such as nuclear power, or renewable energy. Additionally, the plan calls for increased trade and investment with foreign oil companies. The final aspect of the plan is an attempt to make existing products and vehicles more energy efficient. Bush's plan calls for reduction of the pollutants sulfur dioxide, nitrogen oxides, and mercury.
The reduction of these pollutants is expected to be a slow and gradual process, and it is unknown how long it will take for this action to occur. Also, the plan does not call for a reduction in carbon dioxide, which many people fear is a much more dire threat. In addition to this, emissions trading credits will allow certain companies and industries to trade with other companies and industries, in order to increase their allowed amount of pollution. This type of trading can result in pollution being concentrated in one area, or simply more overall pollution, because that type of trade can be difficult to monitor. They do have to compensate the company they bought it from however, and usually it is a financial compensation.