Tuesday, March 20, 2012

Not all energy is fungible - and it matters

Not all energy is fungible - and it matters

Via the NYT Green blog comes a new survey by the Pew Center indicating a smaller majority of Americans preferring further federal funding of research into alternative energy technologies (specifically, wind, solar, and hydrogen) as a priority over additional exploration of oil and gas supplies. If the comparison seems to be a bit of a misnomer, then you've already caught on to the idea that not all energy, as we have it now, is fungible. Generally speaking, unless you are one of the very fortunate Americans who can afford an electric vehicle (with extremely generous taxpayer support at that), what is being posed is a false dichotomy. All the windmills and solar panels in the world do extremely little to curb demand for oil (and to a lesser extent, natural gas, which may also stand in as a transportation fuel).

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