Investing in offshore oil now is like committing to the typewriter at the outset of the Information Technology revolution a generation ago.
That's how Thomas Friedman, author of the forthcoming Hot, Flat, and Crowded, put it in an interview on Meet the Press this weekend.
Offshore oil drilling, along with investments in nuclear power, is the center of the McCain-Palin "Lexington Project" energy plan, whereas the Obama-Biden ticket would only support offshore oil drilling as a compromise to reach its larger goals of investing in renewable energy technology.
Friedman's book lays out a compelling argument for investing heavily in renewable energy technology ET, as he terms it. The alternative is continuing to empower oil-rich dictatorships, watching another country earn the economic windfall from alternative energy innovations and letting global warming run unabated.
The Daily Green has been making much the same argument: That offshore oil represents a bad strategy, if the goal is to confront those national security and environmental issues.
Here's his interview with Tom Brokaw:
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