Well, this election looks all but done. I’ll leave it to others to do
the Ohio math, but one thing is clear: regardless of who controls
Congress or occupies the White House, we still get to deal with energy
physics, which is ruthlessly non-partisan.
An economy addicted to oil (and imported oil at that) is positioning
itself for profound market and competitiveness challenges — especially
as other parts of the world continue to move more aggressively to
reduce the risks of climate change.
Case in point, renewable energy goals:
– US, 2.5% by 2005
– China, 12% by 2020
– Europe, 20% by 2020, 50% by 2050
Sure is a good thing that US companies — at least some of them — are
out far ahead of the US government. It’s still likely to be a bumpy
ride…