The risks of Plan B

For many in the Peak Oil community…, the success of Plan B [such as President Obama’s proposed energy policies] is a long shot… The success of Plan B depends upon a series of technological breakthroughs which in turn will depend upon the availability of massive financial resources to sustain technological research over at least several decades; even more massive resources would then be required to implement the results.

What strategy for a green recovery?

Few have been more enthusiastic about Obama’s recovery plan than the Apollo Alliance, which sees it as the culmination of their hopes to re-energize the US economy through “green” technology. Will they be rewarded? The Alliance channels a vision of restoring growth and world leadership to the US by investing in technology which is less polluting and less dependent on fossil fuels. The Apollo does not acknowledge a crisis in energy based on resource depletion, although they do acknowledge a crisis based on global warming.