Anecdotally, our own electric bill was above $180/month in late summer after oil reached $147/barrel in July. Our most recent bill was about $75, which shows oil’s great impact in a state that generates about 78 percent of its electricity by burning it.
President Obama mentions the importance of developing the country’s renewable energy potential in nearly every press conference and town meeting. Perhaps more than the rest of the nation, Hawaii residents support him in achieving that goal. No other state is as dependent on oil or has more to gain by loosening oil’s grip on our economy.