[ExI] Rationality and Irrationality

[Morris Johnson]

Much cheaper than a foreign war...

Seriously, the gov't injection of liquidity to the market to drive the
building of the infrastructure is sound.
The R&D and competition to make Corn and other cellulosics energy in/out +
is the first derivative
The development of more complex bio-products is the true value end product.

We sit on a portion of an oil formation (Bakken) estimated at 100-400
billion barrels here in Saskatchewan.

All those magical lifespan extension and quality of life enhancement
products that might be made from bio-based products
may be the most valuable by-products.

I'd like the bioproducts industry to be able to fully replace the oil
industry before the last barrel of oil is squeezed out.
In my opinion it will be a horse race to see if we can actually make this
happen.


_______________________________________________________________
Message: 4
Date: Fri, 21 Dec 2007 17:51:00 -0800
From: Samantha Atkins <sjatkins at mac.com>
Subject: Re: [ExI] Rationality and Irrationality


> Call it a "War on oil". The goal - spend 1 trillion dollars to
> develop a new renewable energy source

It doesn't even have to be "renewable" as nuclear power is not but
certainly needs more development.  Private industry is doing a fine
job on new solar energy products.   The US government intrusion into
biofuels is wreaking large corn and other food markets for a grossly
inferior product giving less energy than it takes to produce it.
That is government in action.  We need this like a hole in the head.
____________________________________________________




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