Venture Capital Is 'All In' When It Comes to Alternative Energy, Right?
Not long ago, I had a think tanker type try to
persuade me that "alternative energy" was where it was at, and that I
should jump on board and get over my self-righteous comments about the flaws in
Global Warming Theory. He told me that; "Venture Capitalists are betting
big bucks on alternative energy and you should therefore support wind and solar
technologies."
Okay but, the VC who are betting on new innovative
technologies today are betting on bringing future technologies to market, that
bet alone tells you that the current solar and wind are not cutting it, if they
were they wouldn't be trying to better the current technologies. It also shows
us how marketplace money follows the government gifts, subsidies, investments,
and tax rules, which are busy lop-siding markets. The VCs want to cash in on
the flow of money generously stolen from the treasury but government
politicians from the people. The people pay twice, once for the subsidies, then
again for higher energy costs, we are screwing the people and since this about
energy we are hurting all industries with higher cost to compete in global
markets. Just because VCs are pumping money into that balloon doesn't mean it
won't pop - Dot Com Burst had VC playing "all in" at the top too, in
1999. "Confessions of a Venture Capitalist" is a fun read.
VC's are betting on the future; Hydrogen Cell, Battery
Tech, Distributive Energy Concepts, Smart Grid, IoT, all of which are about
efficiency, good, let them bring it to scale, not the government through
subsidies. Bringing current technologies to scale has been an ROI disaster in
so many cases. It's really hard to compete against all the energy packed into
fossil fuel molecules, but I figure eventually it will be done. Pushing it
forward is good if one believes they can, and energy companies will buy energy
generated from any source based on price and regulations.
Over regulating one sector, or over-taxing it to give
to another isn't going to bring about the bleeding-edge technologies to lower
costs for energy while making them clean at the same time, too we need to
understand the concept of carbon reduction may not be the best policy in
choosing technologies. AGW theory is bogus and not a good reason to attack the
status quo energy sector, reducing costs + pollution is. Think on this.
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