Chinese Energy Stimulus on the way. Approx $700 Billion over 10 Years.
http://stocks.investopedia.com/stock-analysis/2010/Chinas-700-Billion-Clean-Energy-Plan-NLR-TAN-GEX-FCG-PBD0811.aspx
"Jiang Bing, head of China's National Energy Administration, recently made an announcement that it will submit plans to develop cleaner energy, including nuclear power and gas from unconventional sources, in 2011 to 2020. Beijing plans to spend about 5 trillion yuan, or about $738 billion over next decade, developing cleaner sources of energy."
Those in the US that are against a US Energy Bill that creates massive investment in new Energy technologies (as well as existing underutilized technologies) may claim that they are for fiscal responsibility (though for other reasons than mentioned here, that would be a lie), but they can certainly not claim that they are interested in economic growth and global competition.
They're going to roll over and cling to their Fossils while the rest of the World runs over their Country (funny enough, they (the Chinese in this case) are doing it by using the very market forces that those on the US right claim to love).
"Jiang Bing, head of China's National Energy Administration, recently made an announcement that it will submit plans to develop cleaner energy, including nuclear power and gas from unconventional sources, in 2011 to 2020. Beijing plans to spend about 5 trillion yuan, or about $738 billion over next decade, developing cleaner sources of energy."
Those in the US that are against a US Energy Bill that creates massive investment in new Energy technologies (as well as existing underutilized technologies) may claim that they are for fiscal responsibility (though for other reasons than mentioned here, that would be a lie), but they can certainly not claim that they are interested in economic growth and global competition.
They're going to roll over and cling to their Fossils while the rest of the World runs over their Country (funny enough, they (the Chinese in this case) are doing it by using the very market forces that those on the US right claim to love).