Illusional Delusion

Obama's Green Obsession: More Harm Than Good?

Investing in "green" technology should not be about going green IMO. I see the cost and benefit of the tech to be green, that's all. "Green" is just something good (less wastes) that comes out it. I would agree if one argues the technology is young and expensive, but consider this:

Rather than depending solely on a resource we could deplete within our lifetime if we insanely wanted to in oil, why not try an interesting and indefinitely unconstrained solution like solar, wind or biofuel. Nothing is unlimited, so oil or even solar energy will dry up one day. One we can definitely see in our lifetime if we wanted to drill. One we don't unless the sun dies out tomorrow, which we can't predict more than the oil resources.

No harm building the infrastructure, although I would agree to concerns that its just another bubble. That is the people of the world's job to see that resources are put in the correct places, not just the government.

Personally, I see the shift from oil as an eventuality of the evolution of energy production, not a necessity nor a benefit. It does benefit us and our children in the long run, rich or poor.

btw, the sharp rise and drop in crude prices does tell us the demand for oil is as fickle as the people who speculates in them. Yes, there is a long term demand/supply issue, but can we move on to developing solar technologies anyway without the price of the oil being 150?