Thursday, March 5, 2009

Energy futures

The challenges of last year (Oil at $147 )forces the innovation engine of united states to rev up and come with alternates for transportation fuel for personal vehicles. Going forward oil will not be used for power generation(in larger use) Nuclear is coming back ,coal continues to be effective and hydro ,wind and solar are going to be expanded .This is the future of energy in the short run,that is 25 year.Oil stays under $75 per barrel.Price of oil and all hydrocarbons may be stable at that price for a significant time.More energy efficiency is in the cards ,American appetite for debt and wasteful spending is ending.It will pay attention to quality of life and minimal frills.
Like saying goes a crisis is a terrible thing to waste.Multi fold crisis in America is a time when it can handle many problems at the same time .For the first time it is possible for Mr Obama to allocate 700 Billion dollars for next ten years for health care restructuring.JUST A FEW MONTHS AGO this was impossible.
Deficit spending and clear thinking in the current political environment is going to get the country out of mess.It seems Mr Obama is one of the rare individuals who can walk and chew gum at the same time.

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