Big Green's big spending plans don't cover all the bases
Bloomberg/Fuel Fix:
Don't forget this is just the cost for the US "transition." The rest of the world would also have to sign off on the scheme. The chances of that happening are remote.
The $8 trillion fight over how to rid the U.S. of fossil fuelThis $8 trillion "fix" is mainly about electricity production and does not cover aspects of energy use. Even if you could make cars with sufficient range, you could not build them without fossil fuels to produce the aluminum, steel, and plastic needed to construct them. The scheme makes no accounting for an alternative to the petrochemical business that makes everything from plastics to tires possible. This is not to mention the production of trains and plains.
Don't forget this is just the cost for the US "transition." The rest of the world would also have to sign off on the scheme. The chances of that happening are remote.
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