Tuesday, July 3, 2012
COMMENT on mbc's "4 Challenges"
Good point about companies not willing to invest. You are right: for the old companies, the money is in the old fuels; they know we will be running off of coal, oil, and natural gas for quite some time. New companies may have a good technology, but would have trouble scaling it to the point where it is profitable. It's not like starting a website. I suppose that is where private and public investment come into play. Unfortunately, Obama just got burned with the Solyndra investment. Maybe the government could redirect some subsidies/tax breaks away from the big industry giants to the new energy start-ups. Oh, yeah, start-ups don't donate millions to political campaigns. So maybe that won't work.
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