For months, the iTulip staff have gone to lengths to explain that, although they expect the next economic bubble to be in Alternative Energy, /Renewables, /Clean Energy, the bull market is still many years away. Today's economic turmoil will bury Alternative Energy companies right alongside other companies.
Well when it's time to kiss up to the boss, then it's time to kiss up. Looks like Fred was right, months in advance, as he often is. I didn't really believe it, but now it's sinking in.
Here's two articles within 24 hours...
IHT: Downturn Ends Boom in Solar and Wind Power
http://www.iht.com/articles/2009/02/...r.4-423093.php
AP: Alternative Energy's Banner Year Ends with a Clang
http://hosted.ap.org/dynamic/stories...02-03-15-23-33
I am enamored with alternative energy and think it's critical to human survival, I hope we don't really have to wait 20 years for the bull market like Fred is predicting. But, facts are facts, and today a lot of bad stuff is goin' down.
This kinda relates to the Peak Oil argument. Most people dismiss Doomers by saying that mankind will invent and implement fantastic new technology to replace petroleum, just as soon as the all-knowing Market gives us the price signals which tell us that it's the optimum moment for us to switch. Problem is, what with an economy in a decades-deep Recession, with the Federal government manipulating monetary policy, plus the petroleum companies blatantly manipulating energy policy and foreign policy as well as manipulating the alleged 'Free Market' itself, we are simply not gonna see the price signals which theoretically would wean us off of fossil fuels and drive us into renewables. Not until it's too late. Where's this magical innovation going to come from if nobody can make a living off of inventing alternative energy?
Many Peak-Oil-ers take a moderate position, which says, we don't know for sure that oil is running out, but all our information is completely ¡%°!¿!&¿*#-ed, the gages are all broken off, and the consequences of a big sharp shortfall in the near-to-medium-term future are much too grave for us to just blindly stumble into it. Therefore we have to lay the groundwork for a switch away from fossil fuels long before the crisis hits us in the head with an anvil. That's what many Peak-Oilers are shouting and screaming about: we could invent our way out of this mess, if it was a national priority, but right now it's not. We need to make it a national priority.
Well, according to Fred's theory, that'll happen in another 20 years. Assuming the oil holds out. Assuming the Saudis and Kuwaitis aren't out-and-out lying about the size of their reserves. dorme bene.
Well when it's time to kiss up to the boss, then it's time to kiss up. Looks like Fred was right, months in advance, as he often is. I didn't really believe it, but now it's sinking in.
Here's two articles within 24 hours...
IHT: Downturn Ends Boom in Solar and Wind Power
http://www.iht.com/articles/2009/02/...r.4-423093.php
AP: Alternative Energy's Banner Year Ends with a Clang
http://hosted.ap.org/dynamic/stories...02-03-15-23-33
I am enamored with alternative energy and think it's critical to human survival, I hope we don't really have to wait 20 years for the bull market like Fred is predicting. But, facts are facts, and today a lot of bad stuff is goin' down.
This kinda relates to the Peak Oil argument. Most people dismiss Doomers by saying that mankind will invent and implement fantastic new technology to replace petroleum, just as soon as the all-knowing Market gives us the price signals which tell us that it's the optimum moment for us to switch. Problem is, what with an economy in a decades-deep Recession, with the Federal government manipulating monetary policy, plus the petroleum companies blatantly manipulating energy policy and foreign policy as well as manipulating the alleged 'Free Market' itself, we are simply not gonna see the price signals which theoretically would wean us off of fossil fuels and drive us into renewables. Not until it's too late. Where's this magical innovation going to come from if nobody can make a living off of inventing alternative energy?
Many Peak-Oil-ers take a moderate position, which says, we don't know for sure that oil is running out, but all our information is completely ¡%°!¿!&¿*#-ed, the gages are all broken off, and the consequences of a big sharp shortfall in the near-to-medium-term future are much too grave for us to just blindly stumble into it. Therefore we have to lay the groundwork for a switch away from fossil fuels long before the crisis hits us in the head with an anvil. That's what many Peak-Oilers are shouting and screaming about: we could invent our way out of this mess, if it was a national priority, but right now it's not. We need to make it a national priority.
Well, according to Fred's theory, that'll happen in another 20 years. Assuming the oil holds out. Assuming the Saudis and Kuwaitis aren't out-and-out lying about the size of their reserves. dorme bene.
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