America will be dependent on fossil fuels for the foreseeable future. That is fact. We failed as a country, unlike Brazil to institute some sort of real renewable energy policy.
It is time for green energy proponents and fossil fuel interests to get together and institute policies that will diminish our dependency on fossil fuels whether domestic or international over the next few decades.
The reasons are obvious. Sourcing energy at home keeps wealth at home. Sourcing our energy at home reduces our military budget as we are no longer dependent on the stability of he Middle East which will force other countries to engage with more of their own resources. Most importantly we must reduce the amount of carbon dioxide we throw into the atmosphere that has wrecked havoc on our climate.
I think for the most part T Boone Pickens has it right with the Pickens Plan. Give it a read. The story below by Ali Velshi is worth a read. Who knows, you could also learn how to make some money as well by following responsible energy policies.
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How to invest in a natural-gas boom
By Ali Velshi @Money October 2, 2012: 5:44 AM ET
(Money Magazine) — A funny thing happened on the way to the green energy revolution: Fossil fuels came charging back into fashion.
Slow economic growth that tamed enthusiasm for alternative energy, plus Canada’s success pumping oil out of the sand, made the U.S. take another look below its feet. What’s there is natural gas. Lots of it.
The new economics
We’ve known for a while about huge gas deposits encased in shale. In the past five years, though, huge advances in horizontal drilling — going deep into shale, and then turning and drilling sideways — combined with hydraulic fracturing ("fracking") have changed the economics of gas recovery.
And while the media have focused on the potential environmental impact of fracking, as the technology improves, even more gas will become accessible.
Related: Gas at $4? Time to invest in oil
These new discoveries have driven natural-gas prices way down, to an average of $2.43 per million British thermal units in the first half of this year, from nearly $13 in June 2008.
Stephen Leeb, an energy expert and research chairman of Leeb Group, a financial newsletter publisher, expects the price to at least double over the next few years, but commodities future markets are too speculative a place to play for individual long-term investors.
