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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (65659)	7/9/2006 10:12:26 AM
From: GST	Read Replies (1) \| Respond to of 110194

Electricity and cars suck up and burn oil. The efficiency level of American cars can be readily seen in MPG so low that nobody else in the world could afford to be so wasteful. At over $6 per gallon, Europeans drive smaller and more fuel efficient cars. And they use far more energy efficient modes of transport like trains. The environment and economics are always linked -- we want cheap oil and we want the right to waste it. Neither are possible is we want to right our economy and make a dent in the growing storm over global warming. As for electricity -- coal and oil still dominate. The world is still in the middle of going electric. Daily items like simple light bulbs are so inefficient it is hard to describe, turning something like 5% of the electricity into light and the rest into heat, which we then remove with another wasteful product called air conditioning. We are in the stone age when it comes to energy efficiency. China is no better for the most part, except that being poorer imposes some limits on consumption. Their use of cars is absurd in many cases. There is nothing worse than a car stuck in traffic from an energy and pollution standpoint. We have our military bogged down in Iraq. Nobody wants to admit the scale of the geo-political oil and environment mess we got ourselves into. And nobody really has the stomach to discuss how far we have to go to make any progress as the world economy gets into gear. Tighten your seatbelt -- this is going to be rough. But it is also going to be where investment flows are channeled and where fortunes will be made. The slowest to respond will be those with dismal futures. The challenge is there -- it is a matter now of intelligence and the stomach to respond with enthusiasm to set things right.