The Data ARE In, Fools
4) As for that "Coal and fossil fuels will remain part of the nation's energy portfolio for the foreseeable future, but not in their current form," what other form are they going to take, genius? Are you referring to that silly carbon sequestration technology that doesn't exist and will never get off the ground? Is there some kind of technology that is going to transform existing plants - which burn extremely clean now - to something not yet discovered (except in liberal gagglefests?)Deal Journal - WSJ.com : The Death of Ethanol: One Thing Wall Street Saw Coming
There is no alternative to existing coal technology except nuclear, dude. And we ain't goin' there.
So, got a rabbit in that hat?
Is Obama going to invent new technology in January that's going to replace the only viable technology that exists at the present time?
Once upon a time, ethanol was seen as the future of clean energy and as leading the U.S. to energy independence.
That was 2004, but Wall Street wised up fast that ethanol was ready for a bust. So, in 2006 and 2007, when Wall Street firms started investing their own money in renewable energy companies, they left ethanol far behind.
“It’s such a waste that the government gave free handouts and subsidies to grow a business that wasn’t sustainable,” said one investment banker familiar with the sector.
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