Wednesday, March 4, 2009

A Tale of Two Batteries

I read an article yesterday in defense (and celebration) of lead acid batteries.

Worth a look if you're interested in electricity storage. Extra special worth a look if you're interested in investing in electricity storage. And a total doozy if you're looking for big, ambitious metaphors about energy economics and the market crash.

According to Alt Energy Stocks contributor John Petersen...

Blood is flowing in the streets; the guillotine is en route to Wall Street and the mob is so busy plotting retribution for the excesses of the past that most have no time to consider the future. But as yesterday’s dynasties decay, crumble and fall, a new generation of visionaries is already building on the wreckage of the past.

He reckons the impact of the financial crisis on the world of energy has us living in an early stage French Revolution moment:

It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it was the winter of despair, we had everything before us, we had nothing before us, we were all going direct to heaven, we were all going direct the other way - in short, the period was so far like the present period, that some of its noisiest authorities insisted on its being received, for good or for evil, in the superlative degree of comparison only.

My favorite A Tale of Two Cities character was Jerry Cruncher the graverobber, but I guess that's another story for another day.

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