ILSR Columns: Will the Economic Crash Take Down Our Hopes for Clean Energy? - 0 views
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Energy Net on 06 Dec 08A century ago French philosopher and writer Paul Valery observed, "The central problem with our times is that the future is not what it used to be." He could have been commenting on current events. In August, Alternet invited me to write a series of articles on energy policy leading up to the election. At the time the invitation was extended, the price of oil was about $135 a barrel. Gasoline prices had eclipsed $4 a gallon. Natural gas prices hovered around $11 per million BTUs. SUVs sales were down, but car companies were having some trouble keeping up with the demand for smaller cars. Renewable energy was expanding rapidly. The most important energy issue was whether the renewable electricity credits, bottled up by Senate Republicans for the previous 12 months, would be extended before they expired at the end of 2008. The renewable fuel everyone loves to hate, ethanol, was blamed not only for the rapid rise in food prices but also for food riots around the world.