In insecure economic times, the legacy energy industries have another advantage: They play powerfully inside a global economic system built on the assumption of limitless economic growth, and which is in dire need of boost in the wake of the US mortgage crisis. The coal supply remains a commodity that needs to be mined, shipped, exported and traded — a BTU bonanza for the nations that have it in abundance like the U.S., Russia, China, India and Australia.
in the time remaining, to help us understand how the man-made system of capitalism will lead to the extinction of our human species, and so many others.
Thursday, February 18, 2010
Obama: The Making of a Clean Coal President
from Solve Climate. US capitalist ruling class knows that it can't exist without constant growth which requires increasing consumption of energy and raw materials. I doesn't matter who the ruling class appoints as its chief spokesperson.