Wednesday, October 7, 2009

Barnett on Yergin on China/US Energy Competition

Actually, Tom Barnett doesn't say much here besides endorsing Daniel Yergin's take. But his finding and highlighting these nuggets of energy wisdom is of great value: see here. Take away is that there's little to fear in the contention for fossil fuels (namely oil) from the world's great and rising powers as our economies are so interdependent.

What concerns me (and others) more is China's tremendous push on renewable technologies. It's not a bad thing at all, globally speaking. But if it leaves the US in the dust, unable to capitalize on renewables innovation and the huge global market for clean energy products, that would signal a major lost opportunity for us. Let's make sure we win the competitions that matter most, and not fret over those that don't.

Photo: NY Times

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