Monday, January 7, 2013
Energy Independence: Focus on Technology Strategy, not emotions
Energy independence is a political issue. Certain groups loathe fossil fuels and will fight to prohibit drilling, fracking, anything associated with fossil fuels. They are more concerned with the Elk in Alaska and some frog in west Texas than they are about the country and our people. BTW, the elk and frogs are merely proxies in their loathing of fossil fuels.
Let's create an energy independence strategy with a short term goal to stop importing oil from our enemies and a long term goal to move beyond fossil fuels. It's classic technology cycles, aka "S-curves" and "Crossing the Chasm" . Fossil fuels will mature and alternatives will accelerate. Subsidies can accelerate both, but they cannot create "Step functions" in these markets.