Jeflin’s Personal Ramblings

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Archive for the ‘Alternative Energy’ Category

Obama Picks Steven Chu As Energy Sec

Posted by Jeflin on December 13, 2008

Steven Chu has been picked by U.S. President-Elect Barack Obama for Energy Secretary. Barack Obama is adding another experienced member to his growing roster of competent officials. 

Chu appointed as Energy Secretary

Chu was appointed as the director of the Lawrence Berkeley National Laboratory in 2004 and he was only 49 when he shared the 1997 Nobel Prize in Physics for codeveloping ways to cool and trap atoms using lasers.

The Nobel winning phsyicist has long spoke out about the need to combat climate change. Here are some of Chu’s past statements on energy issues.

Steven Chu will be the man to push for the development of alternative energy. In this 2005 interview with UC Berkeley, he spoke about the possibilites of biofuel and nuclear power. The Nobel Laurette is also expected to reform existing regulatory standards which are enforced by the Department of Energy.

Now, espousing theories is one thing… changing mindsets, justifying costs and benefits, formulating theories into clear policies, are easier said than done, so I expect this Energy Secretary appointment to be among the toughest job in Obama’s administration.

In an imminent energy crisis where extracting fossil fuels becoming increasingly challenging while demand continue to spike, the policies set forth will have far reaching implications for global economies, businesses and individuals.

Posted in Alternative Energy, Oil, Politics | Tagged: , , , | Leave a Comment »

Spend Our Way Out Of Recession

Posted by Jeflin on November 13, 2008

Recession, recession, everywhere we turn, we are reminded of this dreaded scenario. For those who are still shy to utter the word “recession,” let’s not kid ourselves anymore. The earlier we face up to the truth, the faster we are on the road to economic recovery.

The week actually didn’t start off with a pall. On Monday, the bulls came charging back in Asian and European stock markets. Read the full article here.

Spend Our Way Out Of Recession

Posted in Alternative Energy, Business, Economy, Oil, Stocks, deflation | Tagged: , , , , , , , , , , | Leave a Comment »

Dow Jones Rally By 331 points

Posted by Jeflin on August 5, 2008

The Straits Time Index was down 15.57 points to close at 2860.51 Tuesday, a relatively muted response (fortunately) amid regional markets turbulence.

The stock market desperately needs a stimulus and what better than to see Dow Jones rallying by 331 points, reversing 3 consecutive loss sessions.

I expect stocks on the SGX to rally today and UOB gave me a pleasant surprise. Read the full article here.

Posted in Alternative Energy, Banking, Business, Economy, Inflation, Oil, Stock Indices, Stocks | Tagged: , , , , , , , , , , , | 1 Comment »

Houston Sets Right Example By Adopting Wind Power

Posted by Jeflin on July 3, 2008

Houston, the fossil fuel capital of America, is setting the right examples by converting to wind power. On July 1, Houston will receive 25 percent of its electricity from wind energy.

Read the full article at http://jeflin.net

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