Posted on 09/18/2008 3:37:20 PM PDT by Oldeconomybuyer
MUMBAI (AFP) — The global economic downturn and the crisis in the US financial markets offers the chance for investment in green energy, former US vice-president Al Gore said Thursday.
Central banks have thrown billions of dollars at the global credit storm, which has seen stock markets plunge and scalped big banks exposed to the ongoing effects of last year's collapse of the US sub-prime mortgage market.
Speaking via satellite-link at the launch of Live Earth India concert, where proceeds will go to solar energy projects, the environmental campaigner said the world was at a turning point.
Asked by AFP whether the financial crisis would mean less money for projects to cut greenhouse gases blamed for global warming, Gore said the time was now right to stimulate the right kinds of investment to kickstart economies.
"In the United States, the largest amount of debt has been pulled up because of the purchase of foreign oil," he told a news conference.
"We need to substitute renewable sources of energy -- solar energy, wind energy and others -- in place of the very expensive and dirty oil and coal that's contributing to the debt crisis and the general financial crisis.
(Excerpt) Read more at afp.google.com ...
Purchase of foreign oil does not create debt. We get oil for our money. It’s called an even trade.
Socialists always use bad economies to push socialism. This is nothing new.
Algore has no idea what he is talking about, as usual.
In other words; nothing has changed. They still want you to continue to invest so they continue to scam you for their benefit.
What a monotonous, tedious Tool.
Who will rid us of this meddlesome priest?
That's because Big Al owns stock in these crapola systems!
Thanks, Al! Now go screw yourself!
How many thousand gallons of petrol were burned to haul his lardass to India?
WTF? That's like saying that somebody who maxed out all their credit cards and can't pay them off didn't create debt because he still has all the stuff he bought.
LOL
LOL!
I’d rather flush it down the toilet than give to this scam.
Same goes for that DUmmy over at NASA pushing Globular molecular over excitement!!!
“WTF? That’s like saying that somebody who maxed out all their credit cards and can’t pay them off didn’t create debt because he still has all the stuff he bought.”
Who says we bought oil with credit? I use cash money to buy my oil, brother.
We use credit to buy useless things like houses.
I think you’d be surprised how many folks are using credit for very temporary things like gas and food.
Yes Al maybe you could invest in clean energy by selling your monster boat, your monster jet and your monster mansion and living like a monk in the jungle, eating grape nuts and leaving the rest of civilization alone free from your hoaxes.
Heheheheh!
Al Gore is probably hurting alittle ... the majority of his investments are with LEHMAN BROTHERS and they are not going to be bailed out - last I heard. Maybe this is why Al Gore is doing this?
He’s SUPER cereal...
What the hell is His Obeseness doing in Mumbai? Doesn’t Mr. Internet know about teleconferencing?
OMG!!! THAT’S GROSS!!! (BLEEP!!!)
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.