Sounds good to me. If nothing else it will provide juice for all those electric vehicles the govt is forcing on the marketplace.
Its only a matter of time —say four years—before price/performance of electric cars reaches that of internal combustion engine based cars. That will in turn set off the most beautiful competition in the history of the world to the benefit of car buying public. There’s one more player I’m also convinced will be in the game. That’s the fuel cell cars. They’re not as far along in the USA. But they’re getting a lot of traction and investment in Japan. Fuel cell cars have great engineers in both Germany and Japan behind them with deep pockets. They’re going to be in the mix.
The result will be that starting in about 5 years gasoline prices will start to go down. It will be inexorable and terrible for oil companies but fabulous for energy consumers.
The down side is that the left will get the credit for this move... in energy and money will flow from mid continent to the coasts.
The answer for the pubbies is that they need to do something even more dramatic. Green energy is just looking for price parity with cheapest coal/natural gas. Pubbies need to announce that they’re going to kill the cost of electricity and water. So as to make it cheap enough to farm the deserts and pull water out of the ocean for California.
That will do it. That’s the sort of pubbie technological vision that is in tune with times and trumps the dem green energy vision.