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Politics : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (4595)	1/29/2009 8:11:21 AM
From: RetiredNow	Read Replies (1) \| Respond to of 86356

Sure speculating in stocks is different. However, investment in new industries is a way to create jobs. Investments carry risks, though. If the tech can't improve to the point where renewables are cost competitive, then yes, the investment will have been a bad decision. However, tech improvement is relentless and can be counted on in this case. In addition, subsidies continue to play a large role in artificially keeping gas prices to American consumers low. Spend a little time in Europe or elsewhere and you'll know what I'm talking about. Lastly, once economies of scale kick in, renewables will be far less of expensive that current fossil fuels that power our cars and houses. These are all very good reasons to support this new growth industry. Oh and btw, most of the smart VC money continues to pour into renewables. I'm not the only one who thinks renewables is the new growth industry. It will be as relentless as the Internet was, and just as much of a game changer for countries who get ahead of the curve like we did with the Internet.