It is not THE answer....
However, it is certainly a factor.
I don't believe that the use of "fossil" fuels will go away in my lifetime. But I can certainly see the use of them leveling out and the use of alternative engergy sources increasing. Then when one area gets hit (gulf coast in this case) by weather or whatever, the energy we as a country need is still available. Oil and Coal (and finding ways to improve their efficiency) wind, water, solar and even nuclear power all will play a factor in energy for the future.
I do find it intersting that the price of a barrel of oil went up BEFORE the storm hit.....
And they say that it is not an "investor" thing....right......
Jim
|