Vail Resorts said Tuesday that it would buy credits for wind power like that generated by the turbines at the Gray County Wind Farm in Kansas. Orlin Wagner/Associated Press (New York Times)From The Wall Street Journal:
Things are grim, but he who masters green tech will be a superpower.
The fascinating thing about the present crisis is that by and large we want to see only the most superficial manifestations of it. We would rather not discuss either its profound causes or the transition it foretells toward a new geopolitical equilibrium: The United States is losing its supremacy, but no other power is coming forward to replace it as the center of the world. And since no one wants chaos, everyone keeps lending money to the U.S. To maintain this established order, each country allowed the globalization of markets, especially the credit markets, without requiring a globalization of the rule of law. This in turn led to a world-wide financial bubble.
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My Comment: The hope is that by converting our energy needs away from the oil resources of the Middle East ..... this in turn will enhance and strengthen our independence and security.
In theory this sounds very good .... but in reality it is a very difficult undertaking to accomplish.