Thursday, January 08, 2009

Barack Pounds the Table On Renewables

Doubling renewable energy production within three years and building a smart grid led Barack Obama's wish list that he outlined in a pep rally speech from Virginia today. But analysts are throwing cold water on the ambitious agenda, predicting that it will run into the economic brick wall thrown up by the current recession.

Obama acknowledged that drastic times call for drastic measures and his speech was designed to persuade Ameria (and more importantly Congress) to just trust him, but it remains to be seen if the political will to do so is actually there.

Reuters has the story.