Green Energy Gets Presidential
Even the presidential candidates are touting alternative energy as a solution for not only the energy crisis, but for the financial crisis as well.
Consider this question from last Tuesday night's debate, along with Senator McCain's response:
With the economy on the downturn and retired and older citizens and workers losing their incomes, what's the fastest, most positive solution to bail these people out of the economic ruin?
McCain: "I have a plan to fix this problem and it has got to do with energy independence. We've got to stop sending $700 billion a year to countries that don't want us very — like us very much."
Later in the debate, he continued: "We have to have all of the above, alternative fuels, wind, tide, solar, natural gas, clean coal technology. All of these things we can do as Americans and we can take on this mission and we can overcome it. My friends, some of this $700 billion ends up in the hands of terrorist organizations."
Obama, for his part, also had grand things to say about alternative energy:
Energy we have to deal with today, because you're paying $3.80 here in Nashville for gasoline, and it could go up. And it's a strain on your family budget, but it's also bad for our national security, because countries like Russia and Venezuela and, you know, in some cases, countries like Iran, are benefiting from higher oil prices.
So we've got to deal with that right away. That's why I've called for an investment of $15 billion a year over 10 years. Our goal should be, in 10 year's time, we are free of dependence on Middle Eastern oil.
And we can do it. Now, when JFK said we're going to the Moon in 10 years, nobody was sure how to do it, but we understood that, if the American people make a decision to do something, it gets done. So that would be priority number one.
Obama continued:
And it is absolutely critical that we understand this is not just a challenge, it's an opportunity, because if we create a new energy economy, we can create five million new jobs, easily, here in the United States.
It can be an engine that drives us into the future the same way the computer was the engine for economic growth over the last couple of decades.
And we can do it, but we're going to have to make an investment. The same way the computer was originally invented by a bunch of government scientists who were trying to figure out, for defense purposes, how to communicate, we've got to understand that this is a national security issue, as well.
If you haven't grasped the point yet, what we're talking about here is a moonshot. A Manhattan Project for 21st century problem.
And, along with it, the greatest investment opportunity of a lifetime.
Everyone—everyone—is trying to get a piece of it. You can, too. And you should.
Why?
Because we're dealing with an industry that was worth $33 billion in 2004, but that will be worth $450 billion in 2012! A growth of 1264% in eight short years.
Not only that, but it'll be worth $600 billion in 2020. And those are conservative estimates.
Listen. Even Big Oil knows what's coming: a massive shift in energy use, away from traditional fossil fuels and toward renewable energy sources.
And every single oil major is throwing money at alternative energy projects in attempts to ensure their businesses prosper when the last well is tapped.
Shell, BP, Conoco-Phillips, and Chevron reported spending as much as $3.5 billion in recent years on solar, wind, biofuels, and other renewable energy projects.
You need to be in on this.
To that end, I've prepared a full report on
AI
