Forbes's Mark Mills has a must-read on the coming electricity crisis.
The scariest graphs:
Recall the summers of electric discontent for California in 2000 and 2001? Wholesale electricity prices skyrocketed, reflecting tight supply conditions (conditions that were exploited, but not created, by traders at Enron). The consequences were a bankruptcy filing by the state's biggest utility, Pacific Gas & Electric Co. (amex: PCG.PR.A - news - people ), and the early departure of a governor.That sure doesn't sound like a party.
Multiply by dozens of states. Add in brownouts. Buy candles.
Example #1,492 of why America needs to fire up an Apollo type crash program to "create" a cheap, renewable and clean burning energy source.
And then share it with the whole world. For free.