Thursday, February 12, 2009

Interesting Reading-Thursday

Capitalism Needs a Sound Money Foundation. I'm sure we'll see more of this discussion as people realize how much inflation we'll see after this is all over.

Vestas' Fortunes Hinge on U.S. Wind Market. An updated power grid is very important.

Rio Tinto Sells $19.5 Billion in Assets to China. Cash is King!


BeyondGreen said...

There could be no better investment in America than to invest in America becoming energy independent! We need to utilize everything in out power to reduce our dependence on foreign oil including using our own natural resources. Create cheap clean energy, new badly needed green jobs, and reduce our dependence on foreign oil. The high cost of fuel this past year seriously damaged our economy and society. The cost of fuel effects every facet of consumer goods from production to shipping costs. After a brief reprieve gas is inching back up. OPEC will continue to cut production until they achieve their desired 80-100. per barrel. If all gasoline cars, trucks, and SUV's instead had plug-in electric drive trains, the amount of electricity needed to replace gasoline is about equal to the estimated wind energy potential of the state of North Dakota. There is a really good new book out by Jeff Wilson called The Manhattan Project of 2009 Energy Independence Now.

Michael said...

I appreciate your enthusiasm on the subject. I agree 100%, but it is going to take some major, major changes, and a lot of it is getting put on the back burner due to the economic crisis and lower energy prices. I agree that oil will go back up and we need to get off of foreign oil. We're going to put a huge amount of pressure on our electricity generation systems though, and it all needs updating. If we invest billions into wind power in areas such as North Dakota and the Central U.S., we have to have to grid and transportation systems to make it efficient. If we're going to power our vechicles with electricity, there is a lot more that will need to be created. I'm a big fan of wind and solar, but also geothermal energy. I've written a fair amount about geothermal, so if you have a chance, take a look at those posts. Thank you for your comment and insight on the subject.