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We Need an “Energy Manhattan Project”

Posted on Thursday, April 24th, 2008 | In Energy Markets
Contributed by: Jim Kingsland (http://buttonwood1792.blogspot.com/) -

How long did it take the U.S. to develop the atomic bomb that ended World War II? Why is that Washington pols from the President on down can only come up with Ethanol and targets for greater national energy efficiency with implementation dates ranging from 2015 to as far out as 2025? Our political leaders may just as well say that ‘big oil is controlling us hopefully everyone will forget about the need for non fossil fuel by 2025. Plus many of us will be dead anyway by 2025 so leave the problems for our grandkids to solve’. No, we won’t forget, or pass the buck tot he future as the situation will only become more desperate as time flies by.

Why is it that we can’t get the brightest minds together for an “Energy Manhattan Project” and within 3 to 5 years make gigantic breakthroughs on solar power, batteries, hydrogen powered vehicles, etc? I realise that’s a question with very complicated answers, but where there’s a will there’s a way. Certainly, there is no “will” on the part of the establishment at the present time.

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About Jim Kingsland (http://buttonwood1792.blogspot.com/)
Jim Kingsland a recognized financial blogger whose blog has been lauded in Barrons and is counted among the most popular financial blogs on the web. He is a former news director at Bloomberg and he worked directly with Mike Bloomberg while launching Bloomberg Radio and the expansion of the financial information company into radio and tv media in the 1990s. He has also served in various on-air positions on some of the nation's largest radio stations including 1010 WINS and 1030 WBZ. Jim is presently an editor and derivatives columnist for CNBC.COM.

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