bleak economic prospects

I encourage people not to board this bandwagon. I will not mention the “w” word, but get a grip. The bad (sub-prime) paper hasn’t worked through the system yet. It will within about 12 months after which we should see slower but steady growth cycle. The problem is that growth of 6% to 8% is less than the 15% of last decade. [insert “w” word here.]

I am not *buying* all the hype. The things I read don’t square. I have read that one of the (many) reasons contributing to the sub-prime paper was too much global liquidity looking for investments – in all the wrong places if I can add a country western twang.

Why is this liquidity not investing in energy technology? The renewables cannot be the complete energy answer but they will play a larger role – up from 1% to possibly 20%. Total energy consumption in USA is 3.8TW which is 3800 GW. Just 1% of total USA usage is therefore 38GW or 38,000 MW. Remember this when you read about the renewables coming online. The rated capacities are 10 to 1000 MW.