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Climate Legislation Would Slow Economy Without Promised Benefits
Climate Legislation Would Slow WHOSE Economy?
Climate Legislation Would Slow WHOSE Economy?
I assume you mean the US economy .
Electric cars are real and are on the way. But other than Tesla, a niche player and a tiny one at that, US companies are either not playing in this game or are way behind. Where is the GM Volt? (and it is not going to be pure electric anyway)
Better Place, based in Palo Alto partnered with Renault-Nissan.
And Li-ion batteries? US companies missed the boat there too. That's all dominated by Japan, Korea, and China.
And what about the raw material Lithium? US doesn't play there either.
What about other forms of renewable energy ?
The US has great chances with solar power. Applied Materials is very strong here. However, they have so much of their production outsourced to other countries, mainly in Asia, that when the intermission in the solar boom is over, it will not mean much for American workers anyway.
Wind turbines?
GE Energy is very strong. But again, this gear is made all over the planet. Who knows how much that actually helps the US economy.
- Rave
September 23, 2009 2:49AM
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