the reason this didn't send solar stocks soaring today is by 2035 we will already be forced into using them. this isn't a time-line, this is the current worst case scenario for oil production decline.
once again obama spews words that have no backing to them. the government was positioned to do a lot over the past 2 years and has failed on all fronts.
high-speed trains need to replace/substitute for most domestic flights. GE makes a train that gets almost 70 miles per gallon of gas, a plane is around 7 gallons per mile.
they owned GM for a good bit there and should of made them make a natural gas car, but didn't. another major mistake, america has more natural gas then we know what to do with, but lets keep on using gasoline.
notice a trend here folks? america is too pegged to oil. i know our fearless leaders worry that if we quit importing so much from middle east it will cause some disruptions there, but that shouldn't be our worries.
Oil is traded in dollars and it could be the only thing that is supporting the US dollar around the world. if another energy source is started to be used, this could bring the end of dollar faster. For this reason, Wall Street is attacking alternative energy companies, selling into every rally, naked shorting etc.