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October 23, 2008
Oddly agreeing with Friedman
He has been wrong on alot of economic and tax policy, but he is right on renewables and clean tech. Today in the Treason Times, he rightly points out that the economic crisis is going to be the beginning or the end of green. Either we will continue our revised habits from $4.50/gal gas and demands for the end of oil addiction or we will lapse into complacency (again) like the last time. Americans need to understand that this is not the last time. Oil prices are going back to $150/barrel very soon. I predict within two years. The fundamentals of supply/demand have not changed. The only thing that changed is a strengthening US dollar and an unwinding of extreeme financial leverage causing a rush out of commodities into cash. We still can't afford the SUVs.
Posted by Martin at October 23, 2008 9:43 AM
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