Now that the mid east appears to be shifting its political moorings Oil will become very expensive.
Alternatives become VERY important, good thing Obama got us started working on them already.
Crap I screwed up the title.
Oh well you know what I mean.
1. Our future is in ‘green energy’? “Presidents all the way back to Richard Nixon -- whose "Project Independence" promised to make America independent from foreign oil by 1980 -- were thwarted by short attention spans, other urgent problems and gyrations in the energy market.” After some 30 years and billions of dollars poured into alternative technologies, renewable energy now accounts for a mere 6.7% of our total.
A Past President's Advice to Obama: Act With Haste - WSJ.com
Based on US Department of Energy, sources of energy used in the US:
39.2% petroleum, 23.3% natural gas, 22.4% coal, 8.3% nuclear, 3.6% biomass, 2.4% hydroelectric, 0.35% geothermal, 0.31% wind, 0.08% solar.
2. If green energy is as good, cheap, and clean as supporters say, why haven’t market forces should make it an increasing part of the energy picture…? Politics: rather than the promotion of new sources of energy, the movement has been hijacked by those whose main motivation is the devolution of America, or to accomplish government ownership and control of our energy supply. Sometimes called the “Watermelon Effect,” it is made up of the ‘green’ pro-environment policies on the outside, hiding the red Marxist redistributive policies on the inside.
BTW, we imported just over a third of our oil in 1981, and now 70%.
Green math: solar panels to save 50% on your electric bills? Well, if the average electric bill is about $100/mos, the savings is $600/ year! But solar costs 30-40 K, so it takes about 58 years to start saving money. ButÂ…solar panels are projected to last 20-30 years. So, savings? Not so much.
