"History is a wonderful thing, if only it was true"
-Tolstoy

Saturday, November 24, 2007

a streach

Dreams of Mega projects
But where's the money?

Al Gore joins Kleiner Perkins to save the planet - Nov. 12, 2007

"They argue that to halt global warming, nothing less will be required than a makeover of the $6 trillion global energy business. Coal plants, gas stations, the internal-combustion engine, petrochemicals, plastic bags, even bottled water will have to give way to clean, green, sustainable technologies. "What we are going to have to put in place is a combination of the Manhattan Project, the Apollo project, and the Marshall Plan, and scale it globally," Gore continues. "It'd be promising too much to say we can do it on our own, but we intend to do our part.""

Is Gore's role to shake the Government Money Tree?

From further to the right:
Global Warming, Inc. - WSJ.com:
"There's no shortage of new capital pouring into alternative energy projects these days. According to the National Venture Capital Association, 'clean tech' start-ups attracted more than $800 million in venture capital last quarter, a new record. What's not clear is whether these are fundamentally energy ventures or political ventures. The Manhattan Institute's Peter Huber, a former engineering professor at MIT, exaggerates only slightly when he says that 'Basically, 'alternative' means stuff that nobody actually uses.' If that turns out to be true, then alternative energy companies could struggle for market share without government assistance."

A few hundred million, or even a billion or two doesn't do all that much against a multi-Trillion dollar industry

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