On Mar 14, 2006, at 7:49 AM, Keith Nagel wrote:
Revtek writes:
This is what must happen:
1. The economy must be kept roaring.
Dow index /
Jan 2000 - 11,500
Jan 2006 - 10,780
aggregate US economic growth, -6%
Roaring, Rev? How about whimpering like a pimpslapped bitch.
Yes, and considering inflation, it is of course worse. A 1999 dollar
was worth 876.79 in 2005. See:
http://www.westegg.com/inflation/infl.cgi
The market actually dropped from 11,500 to roughly 9452, all in 1999
dollars, a real loss of about 18 percent. The cost of energy is a
real economy killer.
A concentrated effort on renewable energy could do for the economy
what WWII or the space program did for the economy, and more. The
economic benefits would be permanent. Winning the war and getting to
the moon had only spinoff economic benefits. Solving the energy
problem has *direct* economic benefits. Most people aren't aware of
the costs they will pay for bad government choices, nor the benefits
that can be obtained from the right government choices. The problem
is renewable energy upsets the status quo, so who is there to lobby
for and publicise the right choices?
Horace Heffner
