I am sure we all have read the recent NYT story about generating more funds for alternative energy sources (link).
It's nice to see more efforts being made to promote further research about prospects of alternative energy sources. But bills like Proposition 87 reflect the narrow, unidirectional thinking that will do little to solve the energy issue. More than 60% of the oil used in the US is imported, a surefire scenario which places an almost complete control over the US economy directly in the hands of the middle east. While ONG companies explore the planet in search of new sources of hydrocarbons (link) to mitigate the situation, the most scintillating idea that venture capitalists can come up with is taxing gasoline to support the research for alternative energy sources.
Bottom line, it becoming harder to locate the traditional energy sources and tremendous technology will be needed in future to ensure ample supply of crude oil to meet the growing needs. Hence, we need efforts to develop both alternate sources of energy and continue exploring new reserves of oil and gas.
It's nice to see more efforts being made to promote further research about prospects of alternative energy sources. But bills like Proposition 87 reflect the narrow, unidirectional thinking that will do little to solve the energy issue. More than 60% of the oil used in the US is imported, a surefire scenario which places an almost complete control over the US economy directly in the hands of the middle east. While ONG companies explore the planet in search of new sources of hydrocarbons (link) to mitigate the situation, the most scintillating idea that venture capitalists can come up with is taxing gasoline to support the research for alternative energy sources.
Bottom line, it becoming harder to locate the traditional energy sources and tremendous technology will be needed in future to ensure ample supply of crude oil to meet the growing needs. Hence, we need efforts to develop both alternate sources of energy and continue exploring new reserves of oil and gas.