Saturday, March 14, 2015
National Energy Bank
In the US, it should be a national security priority to save our coal, oil and gas reserves for our future needs. Selling our fossil fuel reserves now means future Americans will have to rely on nuclear power. These reserves should be socialized as a national energy bank, not privatized for bargain sales to China.
Climate change campaigns should focus on this reality, rather than fantasies about renewable energy, which at best will only supply 10% of electrical demand. With 4 billion urban dwellers worldwide, living off-the-grid is not an option. Efficiency in electrical delivery can be vastly improved, but consumption is rising rapidly.