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Thursday, June 30, 2011 11:05:33 AM
The problem at times is old regulations that are law, that must be followed because they are current law, and the need for new (simpler) regulation that covers new inventions (which takes time to write, debate and pass), and that can slow the rush to implement new technology, so as investors we need to be aware of how fast or slow that process can take (I personally fought that battle my self with my own CABN like start up in 2000). IMHO the old administration would not have favored the CABN technology, but instead favored high oil and gas prices and wars to protect the oil in the ME (Dick Cheney, ex CEO of Halibuton), and did not give a damn about CO2 GHG emissions, but that is just my opinion.
While the EPA gets routinely caught in the political grinder, what we have with the EPA is far better than what we had in the 1960s with no EPA. You can now find fish in the Houston ship channel, instead of a sea of toxic oil laden flammable muck floating on the surface, with nothing alive below it. The EPA was created by political pressure to clean up things like Love Canal (Google Love Canal, Hercules Chemnical) and the Houston ship channel...and so on, which were created them selves by out of control public entities, such as school districts and City administrations (See "Love Canal, the other side of the story").
I once had a cartoon on my desk, this guy was looking at himself in the mirror, and the caption said "We have met the enemy" LOL.
Ambition with out knowledge is like ship in dry dock. Going nowhere fast!
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