Monday, January 12, 2009

New Economic Base

I hope I don't offend to many people by saying this, but I think Nevada and Wyoming are pretty worthless.
By that I mean that Nevada and Wyoming don't have a whole lot of revenue generated, except by whores, gambling and sheep. Not that I necessarily have anything against those industries, but I think that there is an underutilized resource, energy.
Wyoming is amazingly windy and Nevada has a whole lot of sunny deserts. I think that an investment in solar and wind farms in areas with little population could be a major boon in times of economic uncertainty, and all other times.
I was watching a show about Germany and there strategy for becoming more energy independent. The legislature passed a bill that guaranteed people who put energy into the grid twice the money that it costs to take out of the grid. So for anyone who wanted to invest in putting solar or wind generators on their houses they would start making a profit in just a few years, and continue making money until 2020 or so when the bills life will end. The program showed solar panels everywhere, just off the highways, on houses, and in pasture land with sheep grazing in between the panels.
I don't know what the problems would be with transmission, but with the new president and the money that he wants to pump into "green" jobs the infrastructure could be built.

I just think that now would be a good time to change the foundations of our economy, since it's broken. I was talking to an economist friend of mine and she said that 70% of our economy depends on internal consumer spending. With that much of our economy based in one sector it anything that disrupts the consumption hurts a lot. A more diversified economy seems to make sense, and why not diversify in part with energy exports.

It just works on so many levels.