Everybody is talking about alternative energy investments. Yesterday (Aug 4, 08) John McCain, Barack O'Bama, and T. Boone Pickens all had their share of national attention. Each focused on various plans to move forward. Why all the attention? Did Al Gore finally win over their hearts and souls on Global Warming (aka Global Climate Change)? No! It's the money!
Ever since T. Boone Pickens started flooding the airwaves with ads about the $700B a year transfer to the oil producing states and the realization that over time this will bankrupt the United States, the nation, and thus the polititians, have started to focus on the real problem: The entire planet doesn't have enough fossil fuels to meet the growing global demand indefinately, and as the law of supply and demand drives prices up, we can't afford to meet our growing needs even if it did!
For a moment, put aside all of the global climate change issues, and focus on this fact: The US can't supply it's own needs for petroleum, and we must buy a significant part of our supply from others. Additional exploration and development of our onshore and near offshore resources may lessen imports somewhat, and postpone the depletion of petroleum resources, but we will eventually run out, some day, some year, in the future.
These facts alone mandate development of alternative sources. Whether you believe that mankind is causing global climate change, or if you believe the earth is simply near the top end of it's inter-glacial cycles, the economic facts are indisputable.
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