Augustus

Too Late to the Oil Party? Consider the Alternative

There, there, my little chicken. The sky is not falling and there is very much oil left to find. Sure, innovation could be great. And there are a few signs of some small progress. With all of the billions of subsidies thrown at the problem, it is quite dishartening to see that nothing yet can compete with plain old OIL.

You had a fairly interesting article going for a while. Nothing actionable as all you are comparing too is the bubble prices for anything that calls itself "alternative" energy. Much of it is worse than Petsmart.com on a valuation basis. Take out the subsidies and they would probably crash.

Great innovative ideas don't need subsidies. Private venture capital will invest and make huge returns. If some project needs a govt. subsidy to compete with $125 oil, I don't want to buy it anyway.

Your final paragraph gives away your lack of capable analysis. Vice President Cheney is only pointing out what is now obvious to most US citizens. We can and should produce more energy within the USA. More coal, more oil, more natural gas, more nuclear energy, more refined products. It is the those who have promised that "alternative solutions" are available who have let the population down. They have continually blocked expansion of the production avenues which have worked for the country in the past. While promising that everyone will get a cheap majic carpet "real soon now". What a scam that has been. People should be hunting with bloodhounds those with the false promises who created this mess.

Ah, Yes. Back to the days when it was only possible to get ones hands warmed by rubbing them together. Farming was walking behind a horse or an ox. Very picturesque. That is the future of forced conservation. But, of course, that won't apply to the rulers who are able to get on the allocation boards.