Yep--entirely understandable. With some insight into the situation, though, it's now possible to turn the logic around. The most reasonable thing to do now is to invest capital in future energy savings. If (as I suspect) the current energy prices will look cheap five years from now, this is a great time to use our still-cheap energy to make permanent reduction in future energy use. I talked about that in a post called Fix energy in tangible form. (One of my less appreciated posts. Not a catchy title, I guess.)
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Investing based on the current situation
Submitted by Philip Brewer on May 9, 2008 - 10:25.
@ Kevin:
Yep--entirely understandable. With some insight into the situation, though, it's now possible to turn the logic around. The most reasonable thing to do now is to invest capital in future energy savings. If (as I suspect) the current energy prices will look cheap five years from now, this is a great time to use our still-cheap energy to make permanent reduction in future energy use. I talked about that in a post called Fix energy in tangible form. (One of my less appreciated posts. Not a catchy title, I guess.)