Thursday, June 24, 2010

California Going Faster Down the Economic Tube

E-Mail to Congress:

EIN News says, "California Alternative Energy Legislation Gets Broad Backing. The Gulf of Mexico oil spill is spurring California legislators and conflicting interest groups to settle past differences and adopt the nation's toughest renewable energy law to reduce the state's dependence on oil and serve as a model for other states. (latimes.com)".

This will further assure the decline of California as a productive, non-bankrupt state.

Other than coal, oil is the cheapest source of available energy. Solar and wind energy will not satisfy their energy requirements. They will import oil from other states or abroad, and will not have the money from other income sources to pay for it.

I suspect that other states will be smarter than to follow the California lead.

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