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Model T Avoid Building the Model T of Renewables November 30, 2014 8:01 AM | Tagged as Google, Model T

WSJ, November 28, 2014, page A15: Notable & Quotable – Quoting the IEEE Spectrum’s article by Google’s Ross Koningstein and David Fork

Koningstein and Fork were part of Google’s ill-fated effort to improve renewable energy sources to save the planet from global warming. In 2011, Google finally pulled the funding plug on their efforts. Along with many stalwart enviros, they “felt that with steady improvements to today’s renewable energy technologies, our society could stave off catastrophic climate change. We now know that to be a false hope…”

Cowabunga!  Rational thought from two enviros. They continued, “Trying to combat climate change exclusively with today’s renewable energy technologies, simply won’t work.”

The Biz Bucks Blog has long advocated more R&D into renewables to see if breakthroughs could be made to drive prices of these energy sources into economic viability. Rather than go the R&D route, non-engineer politicians have push us into building the ‘Model T’ for these uneconomical applications, like solar and wind. That’s your tax dollars at work. But now, truth is emerging. Germany, who built scores of wind farms in northern Germany, is realizing their energy costs are too high to sustain them in the world economy. This is all a ‘duh’ moment for these well-meaning enviros. It’s about time.

Meanwhile, free-market capitalism has begun to save the day. Fracking has improved the supply of natural gas for some time. Now it is allowing us to produce more oil than ever. The price per barrel has dropped to $66, from a June peak of $116. Oil supply is up and gas prices at the pump are down thanks to a technology that no government had the foresight to develop. That’s great.

And it’s “double great” when you consider the geopolitical impacts on the Putins of the world.

Just wait until the XL Keystone pipeline gets approved, and supplies more oil to this world market. 


Posted By The Biz Bucks Guy
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