A year ago, when POTUS Bush pronounced on America's Oil Addiction, I believe he misspoke. What he really meant was that American business is addicted to oil revenue and needed to be weaned from it.
As we stand now, it's believed that a good part of the cash torrent that's floated comestic markets and the global economy comes to us from the massive influx of revenue to the petroleum producers who really do have nothing better to do with their money than invest it. It would explain the disparity of wealth between rich and poor, and the great economic boom we're witnessing on paper isn't being enjoyed by the great unwashed in this country.
But today something interesting happens, on the eve of this year's State of the Union address that is expected to focus heavily on energy:
The addict's family is executing an intervention.
In the same way a crackhead's family confronts their loved one's addiction and trundles him off to rehab, the leaders of ten of America's largest corporations will confront POTUS and urge him to act aggressively on climate change.
WalMart, Alcoa, Duke Energy, GE, Lehman Brothers - the heads of some of the companies many on the left have considered the worst mega-culprits - will sit with the President and say that this man-made climate crisis is REAL and we must ACT because the actuaries predict the impact on the bottom line will be dramatically worse than the short term costs of change.
America's' major insurers have been beating the pans for a few years. Self-serving, indeed, but the insurers will be the ones who pay for the cities that get wiped off the map when sea level rises about their top floors.
All of the individuals who have spent the last decade or so throwing wrenches into the work of dispassionate, empirical scientists will be silenced and the work of the ideology driven "reasearch" organizations hired and funded by the likes of ExxonMobil will be relegated to the ranks of crazies crying in the wildernesss.
It's almost game over for them.
Unfortunately, the economic consequences of our failure to act expediently will be severe. Already, China is way ahead of us in developing cheap alternative infrastructure. The largest producer of photovoltaic cells in the world is there.
That company should be here, but we blew it. Never looking beyond the end of the quarter made a few people a hell of a lot of money, but with a heavy long term cost.
Hopefully, the President's speech tomorrow night will provide real incentive for America's entrpreneurs to begin ramping up research and production of green bulding technology and practices, but if the past is any indication, we will get more of the same: bogus platitudes and inaction.