"You know what the news is-- in a minute, you're going to hear the rest of the story"- Paul Harvey

I have some serious doubts about the current "green movement", and the current craze for alternative energy.

In order to understand what is going to happen in the future, we need to understand what has happen in the past.

My comments come from an understanding of what has happened in the past, and my rejection of the possibility that in every reoccurring crisis, the media and Wall Street wants us to believe "it is different this time".

The "it is different this time" theme came up during the NASDAQ bubble in 2000, the Real Estate bubble a few years ago, and every oil crisis in the past. While it maybe "different this time", the current energy crisis, and the potential solutions are eerily similar to the solutions of the past.

1) Wind- Nothing new, and an old solution. Southern California (Lajolla) has had huge wind farms in place since the last energy crisis. The new "green movement" came out of nowhere, but has become the new mantra for corporate America.

At this weeks Exxon shareholder meeting, the Rockefeller-Green Movement- clan tried to get Exxon executives to diversify more into alternative sources of energy. They were rejected and laughed out of the room.

While there is money to be made in wind as the alternative energy craze continues, my question is what happens if all of the "it is different this time" assertions turn out to be false. Its happened in the past is my point.

2) Solar- Again, nothing new, and an old solution.

During the Carter years, solar panels were placed on the roof of the White House. When Ronald Reagan took office, he said, get that crap off my roof. During those same years, the "green movement" convinced people to buy solar panels for their homes. Many in California did, and others across the nation did not take the bait. My neighbors across the street had solar panels on the roof of their garage in 1990-1992. In 1993 the new owners took them down.

3) Oil Shale in Colorado- During the oil crisis in 1980, Exxon spent $5 billion on the Colony Oil Shale Project in Colorado. Two years later, oil prices declined, and May 2, 1982 became known as "Black Sunday" when Exxon abandoned the project, laid off 2,000 workers, and left behind a trail of foreclosures and empty oil shale mines.

My point is obvious, and I may be wrong, but I don't see new solutions, just the old ones rearing their ugly heads.

Advanced nations are going nuclear. The "Green Movement" doesn't want that because of the obvious dangers. 78% of the total electricity produced in France comes from 59 nuclear reactors. France implemented nuclear power just after the 1974 oil crisis.

In addition, France has high speed rail systems, and one of the best healthcare systems in the world.

The power brokers in the oil business do not want viable alternatives for the product that keep them kings, and us their pawns.

While the "green movement" may win in the short run, history tells us the potential for disappointment exists.

Just my thoughts.

Have a great weekend.