Washington Post 14th Feb.While the European Union lectures on...

Washington Post 14th Feb.
While the European Union lectures on global warming,
Germany is building 27 coal fired
plants.And Italy plans to increase its reliance on
coal from 14% today to 33% in just five years.

In all of Europe,40 new "MAJOR" coal power plants
are set to be built in the next 5 years.

The worlds actions,more than their words show they
understand that economic growth requires plentiful
and inexpensive energy.

Obama via his recent senate confirmation hearings,
suggest that he does not understand these realities.

Energy secretary Steven Chu continues to be completely
unrealistic about near term potential of alternative
energies,promising an aggresive clean energy program.

However despite decades of subsidies,alternate energies,
such as wind and solar contribute less than 1% of power
in America.

No matter how hard Chu wishes it, the fact is that it
will take decades,not years,to transition to an
alternative energy economy.


The prospect of sky-high energy prices only went up
after Lisa Jackson unveiled an outright prohibition on "new" coal fired
power plants,starting with her own state of New Jersey.

Even scarier it became law overnight.The people of the
state of NJ never had a chance to vote on the plan.

Despite what one hears about America's addiction to
oil,domestic consumption has grown only 15% since 1973,
however during the same period "electricity" use has
shot up 115%.

Right now the US has 760 GW of power to meet consumption.
The US will need 135 GW of "new" capacity over the next
decade, just to keep the lights on.

The problem is only 57 GW of power are planned.In the
past 3 years lawyers with ties to the Sierra club,
and natural resources defence council have colluded to
block over 65 coal and natural gas power plants from
coming on line.

Prediction...in the short term alternative energy will
look great as an investment..mid/long term coal plays
will go into the stratosphere.


High energy prices will hurt America,considering energy's
intimate relationship with the economy,the senate needs
to start doing the job American's sent them to Washington
to do.!

This is copied from hiwayman post - Post: 3800862