Wednesday, November 12, 2008

VC John Doerr on Obama and "Green" Innovation

I think people need to be thinking of the impact of falling gas.

Will we go back to gas guzzlers?
Will innovation stop in green technologies?
Will we STOP implementing them due to economics that don't appear favorable, especially during these tough economic times?

If you are looking for a "green" revolution than today's economy is like the "perfect storm" for that segment of the economy. Lithium Ion battery powered vehicles will get pushed out, etc. I hate to say it but there is a direct correlation with gas prices.

Now, in a few years I think we'll be back at $100 oil but, until then, it makes me sick......

FYI, look for the Chinese to lead in the "green revolution." They have TONS of engineers, a HUGE national focus on this (they have polluted their environment big time) and they still have another 700 million people to bring out of poverty in the next century :) This part of the economy will be a HUGE export for them, in my opinion. Solar already is.....but wind and cheap CLEAN COAL solutions will be coming soon! APWR is the stock ticker symbol of a chinese wind turbine company for anyone looking into that sector of the company. Keep your eyes on it!

Dan Ross

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