Green | May 02, 2009 | 8 comments

Could Energy Innovation Create A 'Green Bubble'?

source: http://www.npr.org/templates/story/story.php?storyId=103631430&ft=1&f=1025

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SoundBigfoot
One argument for a major overhaul of the U.S. electricity grid is to encourage the development of more renewable sources of energy, such as wind and solar. President Obama certainly has gotten behind green energy, and his administration is part of a concerted effort to help the industry grow.

In the wake of the housing bubble, that has some asking whether the country is headed for a renewable energy bubble.

Eric Janszen founded the financial advisory company iTulip in the midst of the Internet stock bubble. Janszen, whose company was named for the Dutch tulip bulb bubble in the 1630s, has made a career out of studying financial bubbles.

He says bubbles start with a kernel of something good — say, homeownership or the development of the Internet or, in this case, energy that causes less pollution. But then, he says, outside forces come in and create a sort of mania.

"You'll know that we're at some stage of an energy bubble when you start to hear about how you can get rich quick in the energy market," Janszen says. But first, he says, a few things have to happen. There must be significant government involvement designed to focus energy and capital on the specific industry — and clearly that's already happening.
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8 comments // Could Energy Innovation Create A 'Green Bubble'?

  • USWGO
    • 0
      USWGO  

    • http://current.com/items/90020707_this-is-my-plan-to-save-the-environment.htm

      This is my solution, We can choose to make loads of money off of electricity stations which also means independence from oil and fuel corporations which means it cuts out the whole middle man way and makes the gas stations into independent energy stations which can bring more money, competition, and more sovereignty to our nations and put an end to the corporate war against the people and in end to corporate ripoffs and being forced to complain to them since they don't give a **** whether you complain or not.

      We need a better solution then ethanol because it will never help us and will cause food riots and food crises and may lead to martial law.

      We need a better source of energy and commerce and I got it all on scribd and here.

    • 3 years ago
  • vladrath
    • 0
      vladrath  

    • I think that if you pour a lot of money into a infastructure project you are not as likely to get a bubble. I mean, we won't have a "road construction" bubble, there is always a need for new roads or the old roads need fixing. Its the same with a lot of these new green tech's. By the time there is enough green energy to permenantly phase out energy sources that are dirty they will need fixing, upgrading and replacing ie windmills or solar panels.

    • 3 years ago
  • vistapoint
  • boywhocould
    • 0
      boywhocould  

    • we are too far behind proliferating the technology compared to the growing population. would take a massive hostile take over of publicly traded "Green" co's and the sabotage of them for a bubble collapse, would be unlikely to be an issue in our lifetimes assuming we're all 2 yrs old, Housing bubble collapse was based on people taking/being given loans they couldn't pay back and bankers trying to hide that reality from investors, the situation is different with green as no one source has become dominate yet thus no one has all the influence

    • 3 years ago
  • blknight
  • Agent_Alpha
  • Elevator
  • Lecti
    • 0
      Lecti  

    • Hello SoundBigfoot,

      Congratulations: Your story in now being featured in the Green Channel of the Current.com Homepage.

      Tell all your friends,

      The Online Community Team

    • 3 years ago
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