Renewable Energy Isn’t The Answer - Let’s Go Retro
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All the buzz in the media lately has been focused on alternative fuel and renewable energy sources. Wind farms have become a household phrase and Nuclear is no longer a dirty word. The race is on to see who can devise the next major source of energy for our country and everyone from politicians to environmentalists are hopping on board. I think that most of them are missing the “electric” boat. It’s time that we take a closer look at going Retro.
Instead of dedicating massive amounts of money to start-up ventures that are looking to turn cooking oil into a viable source of fuel, why not look at making more of our country energy efficient. Don’t get me wrong, I think there’s a place for research and development of renewable energy. In fact I think that using Pond Scum To Fuel Cars is a great idea, but let’s also allocate some federal funds to the people who really need help from rising energy cost. If the government and state’s are going to start throwing around billions of dollars we should make sure that some of this is invested in retro fitting the current system we have in place. There’s a massive amount of energy and fuel that could be saved if we simple upgraded many of the homes, business, and transportation sources that are currently being used. Why not give every homeowner in America a federal stimulus check to install new windows, new insulation, or a new furnace. How about giving big business a large tax break for upgrading manufacturing processes to more efficient techniques. Maybe it could be something as simple as creating a National Retro Fit Day where every American takes pride in upgrading the lighting in their home to low watt bulbs; think of Arbor Day and how many people plant trees.
I’m not opposed to seeing the developement of alternative fuels and renewable energy. In fact there will be few greater days in American History then when we become primarily energy independent. I do think that an ounce of prevention is worth more then a pound of cure and until that day comes, we could do a lot more to become energy efficient. If you have any other ideas on ways to become more energy efficient as a country I’d love to hear them. Please let us know below in the comment section.
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4 Comments on this post
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Mike @ Oblivious Investor said:
I couldn’t agree more with your thought process here.
One example I’ve been thinking about a lot recently: US car companies. If we’re going to be bailing them out using our own money (which is beginning to look more and more likely, whether we like it or not), why don’t we put some conditions on it?
Rather than just handing them money, why don’t we give them money with the restriction that it be used for developing more fuel efficient cars. Then at the same time, increase quantity demanded for those cars by lowering their price via subsidies in the form of tax credits for purchasers.
Seems to me that if we’re going to spend the money anyway, we might as well achieve something rather than just temporarily bailing water from a sinking boat.
November 18th, 2008 at 8:37 am -
Alberto said:
Agreed. We need to take an “everything we can possibly do” approach. This means developing alternate energies, developing energy efficient appliances, and other conservation efforts such as more public transportation to take more cars off of the roads.
November 18th, 2008 at 8:15 pm -
Justin said:
@ Mike
I couldn’t agree more. If we are going to give the autos a bailout we should have a significant stake of ownership in the companies. Furthermore we need to be committed to giving more the the 25 billion request. In my opinion it’s going to take a lot more the 25 billion to completely retool these companies.November 19th, 2008 at 7:22 pm
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