Back in the day, democrats were the party of "Big Government"

These days, however, every douche that gets elected is looking to expand the power of government and increase spending.

Good one. All the hand-picked corporate candidates are creaming their jeans now that Bush and Cheney has expanded the powers of the Executive to dictatorial levels. Signing statements anyone! Congress is a big joke!

They will all be holding their jocks (including Hillary) in their hands once Bush declares Martial Law after he attacks Iran before the end of his term anyway...He's a visionary don't you know. History will prove him right.....

And everybody thinks gas is expensive now..LOL

Simpler please... that went right over my head.

Yeah let's not regulate Wall Street and the repeal of Glass Steagall during Clinton's second term was a great idea..LOL!

Anyway, as an act of objectivity ..see the link..of course any attack on Iran would reverse this news if accurate...

Oil's perfect storm may blow over

http://www.telegraph.co.uk/money/mai...2/ccoil122.xml

Once again we're behind the 8 ball because our corporate business models are quarterly based not long term like the Japanese and Chinese.....

http://www.msnbc.msn.com/id/24763128/

I'm not even going to bother explaining why that's so funny. Some of us know.

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Some perspective

...there are technical obstacles to be overcome before hydrogen cars will be seen on the roads. In addition to the problem of slow warm-up, hydrogen fuel cell cars have a short range. Honda's V-3 only has a range of 110 miles, a defect which can only be partially offset by designing a larger hydrogen tank into the car, since a bigger tank adds weight and takes up more space. A higher efficiency vehicle is still in development and won't be ready for another year. Moreover, progress is incremental, so next year's model will not be a breakthrough, just an improvement.

Hydrogen may be ecologically and technologically the logical fuel right now for fuel cell cars, but there is no consumer distribution system in place. While methanol, a liquid, can be piped, trucked and stored in the existing network for gasoline with minor conversion costs, hydrogen will require an entire new fuel distribution infrastructure. Partly for this reason, fuel cell vehicles even in California, where government subsidies and regulations are the most favorable to fuel cell development in the world, fuel cell vehicles are not expected to be on the road in significant numbers until 2004. Even by that time, most of them will be in commercial and government fleet use, where they will have a hydrogen station on site. Don't expect to see hydrogen stations on the freeway off ramps for the next several years, if ever.

But hydrogen retains its appeal, and the prospect of gas stations that require no fuel deliveries, just solar electricity and water to convert to hydrogen to recharge their storage tanks, is a seductive vision. On vehicles that can be refueled often or have low range requirements, setting up a fleet that would run on fuel produced in limitless quantities at an on-site station will probably be a competitive economic investment within five years or sooner. Fleets of buses, which can tolerate a bulky power system, will probably be one of the first places hydrogen fuel cell vehicles will be strongly competitive. As Matsuo said, "in the long run, fuel cell vehicles will gain a percentage of the market but I don't know if they will ever dominate."


What will be the next generation car? Diesels, hybrids, or ultra-efficient & ultra-clean gasoline or methanol powered cars using combustion engines? The answer is all of the above. Will one type dominate? The correct answer to that question will make a lot of people rich, but it's probably safe to bet it will not be fuel cell vehicles that dominate.

We left that day not sure whether or not we'd found the car of the future. Hydrogen fuel cell powered cars will be part of the market, but they probably won't sit in everyone's garages, owning the car market the way gasoline powered cars do today. Hybrids have better range and overall performance, and they're already cheap to manufacture. Expect to see more of them in the near future. What will emerge in the long run is anybody's guess. Outside the U.S., cleaner burning cars using conventional fuels such as diesel and gasoline will probably stay on top of the market. How clean can they get? How clean is clean enough? Stay tuned

SOURCE: http://www.ecoworld.com/home/articles2.cfm?tid=284

An op-ed piece in the City Paper today about this issue. I know it isn't the Economist but it reflected some of the sentiment in here.

http://www.citypaper.net/articles/20...-the-last-drop

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"I am at this moment writing a lengthy indictment against our century. When my brain begins to reel from my literary labors, I make an occasional cheese dip." — John Kennedy Toole

giving credit where credit's due, GM has finally come out with a desirable mid-size (new malibu) adn they have been working on fuel cells, with government subsidies. In the Volt thread I posted an article that cited Toyota received a $25 bn subsidy to develop the hybrid technology. I generally agree that our focus is too short term...in part I think it's a partly a result of the shift away from heavily taxed dividends to more lighlty taxed capital gains (stock price changes).

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