Car News Articles

Claiming that America’s economy is lurching ever more quickly from economic bubble to economic bubble, the founder of iTulip predicts a surge in alternative energy and infrastructure spending - sort of a green bubble. Writing for Harper’s [sub], Eric Janszen defined the main economic drivers of “the cleantech bubble:” the need to recover from recession, weakness in the dollar, loss of petrodollar liquidity, loss of energy security and peak cheap oil. As a result, consumers will be faced with a bewildering array of fuels and vehicles: biofuels, electric vehicles, plug-in hybrids, hydrogen fuel cells, photovoltaics, wind turbines, ocean wave energy, geothermal energy, clean coal and even nukes. Janszen sees these technologies becoming the hot, overvalued commodities of the new bubble. At the same time, he predicts corporations will plan and (God forbid) implement the new energy infrastructure to power expensive new vehicles and public transit. Responding in the Association for the Study of Peak Oil & Gas - USA , commentator Dave Cohen notes that venture capitalists (VC) are already looking to invest in what they call “the largest economic opportunity of the 21st century.” Fortunately for cutting edge companies like Tesla Motors, there’s a VC born every minute.

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