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Clinton to Start $1 Billion Renewable Energy Fund
antifoidulus writes "ABC news is reporting that former President Bill Clinton has announced the creation of a $1 Billion investment fund devoted to renewable energy. This will be an investment fund as opposed to charity, and Clinton has said that 'The Green Fund would focus on reducing dependence on fossil fuels, creating jobs, lessening pollution and helping to reduce global warming, all while making a profit.' Former World Bank President James D. Wolfensohn will be managing the fund."
Guilt? How can there be guilt if there are profits?
Take Union Carbide, for instance... I didn't have any guilt when their chemical accident killed thousands of people... but I sure had guilt when their stock dropped!
Guilt is for investors who lose their shirts, and for liberals. We manly men, we don't know this 'guilt' thing you talk of.
[end republican parody]
--- Grow a pair, liberals... stop letting the Republicans bully you!
Your a fool alternative energy investments have been major failure and will continue to be major faliures as long as oil is cheap. Oil is getting cheaper as I write this. You are not doing anyone any harm by investing in oil either. Stock is just paper or now days just ledger lines that has little if anything to do with the company its supposed to represent. Buying 300 shares of a large cap firm like Exon-Mobile won't have any meaningful impact on that companies vaule at all. Your little transaction is not going to bid up the market. The only person who maybe extracts some gain off your activity is your broker. Sitting out a good energy investment for emotional reasons is just missing a good oppertunity. Its not the same thing as buing a $10k chunck of some small cap firm, say LetsKillBabies Inc. Where your volume could move the price and the company might gain from your actions. Even in that instace emotions and morals have NO PLACE in the stock market. If you can't check them at the door you probably should stay in cash, otherwise you are going to loose.
Repeal the 17th Amendment TODAY! Also Please Read http://www.gnu.org/philosophy/right-to-read.html
I guess if George Bush can privatize our government into (worse than) uselessness, then Bill Clinton can make a private charity do the public works we need the government to do.
At what point does America need the charity to bail it out? And can we skip all the nasty bits until then?
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make install -not war
Yes, and just in time for the 2008 elections too...
Oil like all others is a rent seeking industry. Oil is cheap compared with alternative choices thats why its a better investment. Once upon a time it was insanely cheap now less so but still cheap compared with other things. What you say about all the money spend to stabilize the middle east or make it friendly over the years might be true. Its rent seeking basically the industry does impose upon the government to make it work, and its hard to factor that into prices. Because its hard and the market hates anything hard it simply does not factor that into prices and since the market as a whole does not you should not either or you are going to get crushed.
"Why did big oil get a tariff on ethanol being imported into the US" you think that was big oil hahaha thats rich. Its not politically correct to call the agriculture industry evil but they are by far the worst rent seekers of all. Not everything is oils fault. Ethanol can be made much more cheaply from sugar cane then corn. Just like another certain product can refined sugar. Its the corn growers in the middle section of this country that won you your ethanol tariff not big Oil. Oil might have helped and I am sure you can produce evidence that they did. I don't deny it its good for them too, but I follow the corn business as well and I can tell you they had a hand in it.
This fund is nice and all but its just not gonna fly. If the rent seeking nonsense came to an end and maize and oil had to compete in a free market this sorta thing might be the magic bullet that gets the problem solved but until you tell the oil companies to defend their fields with their own hired troops and to prop up friendly mideast administations with their own money and squeez unfriendly ones with their own investments, oil will remain cheap. The same is true in the agriculture world. If you won't let the big factory farms take over and make things efficent they never will be 100% as effiecent as they can be. Products like ethanol will always cost more then they should. If you don't stop protecting corn with tariffs on import products that can be produced with corn stuff that could be made more cheaply never will be.
If our good old Uncle Sam would but out you would be right. Since he won't no matter who is in office your wrong.
Repeal the 17th Amendment TODAY! Also Please Read http://www.gnu.org/philosophy/right-to-read.html
For a Presidential campaign? Nope. The first primary is only 16 months away - and a key battle in the primaries is the off-year election being held in just a few weeks. Sen. Clinton has been in thick of that battle, as has her husband.