An oil rig, the helicopters to service it, and the ships to drill and transport petroleum to the coast all together cost 100's of millions of dollars - and that's just the initial fixed cost to get the thing up... Never mind the net present value of wages, maintenance, and operational costs for the lifetime of the investment... If just a fraction of that were deferred, to say, a venture fund that focused on clean energy start-ups, we might even find a couple of real solutions. Hopefully Better Place and the Nissan Leaf will catch on in a big way, soon.
Sunday, May 2, 2010
Seriously, how can anyone still want to keep on with off-shore drilling. The US Gulf wetlands are facing the prospect of being irreparably damaged for a generation, if not more. The machinery to get the oil out is ridiculously complicated and difficult to install.... It's a wonder that disasters like BP's haven't occurred more often, or been equally catastrophic.