Think of this as Volume 18, Number 31 of the newsletter I have written weekly since March, 1997. Enjoy.
The problem of lines, and line jumpers, has something in common with the problem of global warming, and the problem of slow economic growth.
That is its solution. I've been writing about it for over five years now.
The solution is renewable energy.
Think about it. What's fueling the present conflict between Israel and Hamas? Oil money, from Qatar and the other Gulf states, without which Hamas would collapse. As would ISIS in Syria and Iraq. What fuels the Boko Haram in Nigeria? Oil money, or the hope of obtaining it. What makes Putin feel invulnerable in Ukraine? Oil money.
Yet think about this. Texas now gets over 10% of its grid energy from wind. New Jersey gets the same amount from solar. Efficiency and the drive to kick oil is driving all sorts of innovations, from Tesla cars to LED light bulbs. Efficiency pays for itself in energy savings. The amount of grid energy needed by the U.S. has barely changed in a half-decade, thanks to efficiency. The amount of gasoline consumed has also stayed about the same, thanks to efficiency.
Every day, still, there are new breakthroughs happening, in terms of energy storage, in solar panel efficiency and cost, in windmill efficiency and cost, in biomass catalysts. It's all approaching a tipping point.
And that tipping point is closer than it appears.