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What do you mean by 'big spend'? The federal reserve can't print oil or copper. Those supply chains need to be built out and that requires a market sufficient
by 01100011 4y ago
What do you mean by 'big spend'? The federal reserve can't print oil or copper. Those supply chains need to be built out and that requires a market sufficient to pay back those investments or government essentially subsidizing(more that currently done) the profits of those endeavors. You can't get a private company to build a refinery if you simultaneously tell them there won't be a market for the product before they've paid off half of the investment. If you think that the government should spend the money to secure enough dirty energy to complete the transition then I'm 100% in agreement.
We should be bringing Si mfg back to the US where we have plenty of methane("natural" gas) needed to do so. We should build more fission. We should continue to buy solar panels, rare earths and Li from China, as long as they're willing to sell it to us. But none of this is an either/or decision. We need a realistic path to the green future or we risk screwing up the transition, ruining our economy and setting ourselves up to have regressive political revolutions.
- ncmncm 4y agoBuilding fission instead of spending those dollars building solar and wind brings climate catastrophe nearer.