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“Whatever one thinks about shale gas today — we worry about its environmental consequences — there’s no denying the extraordinary economic return on taxpayer investments. Shale gas is likely to allow the United States to go from net gas importer to a net gas exporter over the next decade.
While details vary, the story is basically the same for nuclear power, natural gas turbines, solar panels, and wind turbines — pretty much every significant energy technology since World War II. That’s because the private sector alone cannot sustain the kind of long-term investments necessary for big technological breakthroughs in the midst of volatile energy markets and short-term pressure to produce profits.”
Jim Lane | July 25, 2011
Cleantech is going big in China, so big that’s it progress can be measured by the day and week, rather than the month and year.
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