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Obama’s Energy Defeatism

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Pete Du Pont explains in The Wall Street Journal that human ingenuity will beat defeatism from the left, including President Obama who tries to scare Americans with dire energy prophesies.

While fossil fuels will be our primary energy sources for several decades, we need progress in renewables so they can eventually supplant today’s fossil fuels. Again, we see good news. Look at just one recent issue of Popular Science, where we see more-efficient solar and wind technology and a possible nonbattery alternative for the energy storage critical for such renewables. Other promising technologies include energy from waste, fueling nuclear plants with spent nuclear fuel (instead of having to store such waste), using heat generated from industrial processes to create electricity, and drawing energy from waves and tidal movements.

All of which means the talk in recent decades about energy shortages will again be proved wrong, as all such Malthusian predictions have. Such defeatism misses the mark because it fails to account for the incredible impact of human ingenuity and man’s unceasing search for something better. In short, we can see an incredibly bright energy future on the horizon.

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E.J. Smith - Your Survival Guy

Preparing your investments and family for when disaster strikes.
E.J. Smith is the Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention. E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zilldjians. He grew-up worshiping Neil Peart of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris. Please get in touch with E.J. at ejsmith@youngresearch.com. Sign up here to receive all the best content from Richardcyoung.com each week.

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