A dot-com energy vision

During the easy-come, easy-go dot-com craze of the 1990s, talk abounded of a new economy. It was an economy in which cash “burn rates” mattered more than profitability, in which information worked as currency, in which physical assets counted for little. People made a lot of money at the dawn of this new economy. They lost it when reality struck.Like the ill-fated new economy, a new energy vision has taken wispy form in the popular US imagination. It’s a vision quivering with hope for energy independence, renewable supply, and no environmental consequence. It’s a vision that can make a Republican president talk like a Democrat.Vision vs. choiceThe new energy vision...

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