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Technology Stocks : The *NEW* Frank Coluccio Technology Forum

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To: axial who wrote (1582)	12/26/2000 7:53:45 PM
From: Raymond Duray	Read Replies (1) of 46821

Hi Jim, It does seem to clearly be the case that the French model for a nuclear power system is the n'est plus ultra in the world. Folks in the U.S. seem to be constantly obsessed with re-inventing the wheel and dissing real leadership from national entities such as DOE. In this country, the mis-information that most citizens have is a cause for their hysteria. Why should this be? First of all, it is a failure of the nuclear industry itself to educate people. Instead, the industry has been notorious for its arrogance, secrecy and elitism. This is almost exactly mimicked in the GMO arena, where Monsanto, Pioneer Hi-Bred and the other creators of superior plant stocks have completely bolloxed the public relations end of things and given the Luddites the upper hand with their disingenuous "frankenfood" campaigns. Can the public be turned around anytime soon? Doubtful. They have a very healthy distrust of institutional veracity and the ability of government to orchestrate industrial policy. The most common mantra we heard this campaign season is that the U.S. does not have an energy policy. I don't believe that for a second. I believe we do have an energy policy, but that, as described by the Rhodes essay in Foreign Affairs, the priorities of DOE for basic research are completely misdirected at the most pie-in-the-sky sort of solutions, rather than honing in on the best and most likely candidates to solve real energy shortages and the perception of them that drive derivatives markets into such hysterical frenzies. It is interesting to see that the Governor of California is today meeting with Allan Greenspan and Lawrence Summers. Last week it was Bill Richardson. We seem to be rapidly escalating. It will be incumbent upon President-select GWB to get a grip on this California energy situation as soon as possible. As a former oilman, he certainly ought to have some friends who can give him some good advise. For him to sidestep the issue will only lead to a decline in his perceived power. For him to step up to the plate and force the parties to work toward a solution will be a real feather in his cap and an indication of his Presidential timbre. -Ray

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