November 25, 2006
RON BAILEY LOOKS AT big ideas for the future of energy. "Maybe Nocera is right that solar power is the way to go, but history teaches us to scrap the Apollo Project model for technology R&D. Federal bureaucrats are simply not smart enough to pick winning energy technologies. Instead, eliminate all energy subsidies, set a price for carbon, and then let tens of thousands of energy researchers and entrepreneurs develop and test various new technologies in the market. No one knows now how humanity will fuel the 21st century, but Apollo and Manhattan Project-style Federal energy research projects will prove to be a huge waste of time, money and talent."