Friday, January 16, 2009

Economics Trumps Green Energy and LNG

The Los Angeles Times observes that the details of the Obama stimulus plan are decidedly light on green infrastructure-- the edifice upon which any real green energy program necessarily has to be built. It comes down to short-term versus long-term stimulus.

While there is broad consensus that investment in green energy- and the infrastructure required to support it-- will be a long-term economic shot in the arm, it will take time to design, plan and build the infrastructure, making it impractical as a short-term stimulant. And short-term is clearly the order of the day.

The Times has the story:

In other news, citing "changing market conditions" (that we posted on the other day), Woodside has scrappend its proposed LNG facility off the coast of Los Angeles. has that story: