If you think $4 gas is expensive, just wait a few months. Experts are predicting record prices next year.
New Report Raises Concerns About Powering California
Alternative energy will amount to a fraction of what the state will need in the next 30 years
By Conan Nolan
A new report out called "Powering California" says that alternative energy will amount to a fraction of what the state will need in the next 30 years. (Published Wednesday, Nov 9, 2011)
Friday, Nov 11, 2011 Updated at 2:40 PM PDT
And that’s not the only concern.
Top experts now say the cost of electricity in California is also going to rise and producing that energy may actually cut, not create jobs.
Alternative energy will amount to a fraction of what the state will need in the next 30 years, according to the report "Powering California."
Alternative energy is helping power the laptops of those in the tent city outside of downtown Los Angeles' City Hall currently engaging in a myriad of causes.
Solar panels donated by Transit TV are providing power to all the laptops.
“We could put literally thousands or tens of thousands or millions of people to work if we were actually serious about trying to be energy independent as we’ve been talking about for literally decades," said Clark Davis, who helped put it all together and believes it is an example of what can be done in a green economy.
But critics say that so-called “green jobs” will not pay nearly as well, or last as long as jobs in oil and natural gas.
“With oil and gas fuel development, you have a larger buildup in capital investment and employment over a longer period of time, so it has a longer leg on the employment impacts,” said University of Wyoming economist Timothy Considine.
Experts say California now imports two-thirds of its energy but is sitting on massive deposits of oil and gas off the coast.
The governor and state democrats fear oil drilling is too much an environmental risk. But they admit green energy is not cheap and will lead to higher electricity bills for ratepayers.
Even at Occupy Los Angeles, there are gas-powered generators for when the sun doesn’t shine.