Renewables – A Boon to the Economy

Where conventional thinking has been that changes in our traditional energy sector would cut jobs and stifle economic growth, we’re beginning to see that the precise opposite is true. I happened to have been in the audience of George H. W. Bush as he gave a speech to a less-than-inspired crowd in Woodland Hills, CA in 1992 during his unsuccessful re-election campaign, and I recall his principal message: his opponent, Bill Clinton, was a liberal. He pronouced that word as if it had the power as a political weapon of labeling his enemy as a “Nazi” or a “Communist.” He went on to tell us that the tenets of liberalism included strict environmental regulations that would eliminate millions of jobs, and explained how “we’d soon be up to our eyeballs in spotted owls.” (I’m not making this up.)
But I think we’re now seeing the truth — not necessarily about liberalism vs. conservatism, but most certainly about environmentalism vs. Big Energy — as it comes to the economy. As one example, we’ve seen billionaire Venture Capitalist John Doerr — the man who helped bring along Google and Amazon — calling renewables “nothing less than the re-industrialization of the whole planet.”
The considerable enthusiasm that we’ve received for the Hydro-powered Electrical Generation (HyPEG) that I wrote about in one of the Three Brass Tacks articles, of course, is rooted in the fact that HyPEGs’ eventual ubiquity will mean the end of coal – of scarring and poisoning the earth and its people. But the idea that we’re going to need tens of thousands of these HyPEGs – and that someone will have to be paid to build and install them – has not gone unnoticed either.
Whether it’s hydrokinetics or solar thermal, wind or PV, this movement will create an enormous number of jobs, and stimulate a huge velocity of cash for the coming decades — at least.
For once, we’re all in the right place at the right time.

As I’m sure many readers have observed, I am normally cynical about the honesty of government. Even on Washington’s best day, I’d far rather see things happening in the private sector than in the public sector. Yet I have to say that I’m pleased with the Obama administration’s

I’m honored to be a panelist at the AltCarExpo in Santa Monica, CA, October 2nd and 3rd.

I was fortunate enough to have been invited to the Los Angeles premier screening of the movie “
I urge readers to read
Obviously, the gating factor to the electric transportation industry is battery technology. Yet costs are falling and energy density is increasing, and I think we all have the sense that the battery packs that we see in the EVs of today will look pretty ridiculous in a few years due to steady improvements in technology.