This has been a very mixed week. The Obama stimulus package was approved by Congress and will be signed on February 17 in Denver, but the stock market took a hit. Michelle Wie is in first place as of now, but Hawaii will probably lose all our golf tournaments as we did the Pro Bowl. Yes, people coming here to attend these events helped the economy, but the greater benefit was the free publicity when the weather is really cold in the Northern Hemisphere. Worse, those involved with tourism do not realize that the major crunch will come in five years or so when the price of jet fuel will make coming to Hawaii unaffordable. Rinaldo Brutoco, Madeleine Austin and I are the only ones attempting to find a substitute for the conventional jet liner with the Hawaiian Hydrogen Clipper. Jet fuel for algae could become competitive when oil reaches $150/barrel, but that still will make travel to Hawaii a problem. The 70% renewable in 2030 does not apply to aviation fuel, which is just under 40% of all the energy used in Hawaii the last time I looked.
My Huffington Post articles generally are placed in my daily blog a few days before they appear in that internet newspaper. I do improve it for the media, and the comments are sometimes interesting. My three latest HuffPos are:
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The Dow Jones Industrials declined 82 to 7850, New York Mercantile Exchange crude oil jumped $3.53/barrel to $37.51 (but the Dated Brent Spot price is $43.65/bbl) and gold stayed steady at $943/toz.
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2 comments:
Aloha, Pat. I am also a big fan of the Hawaii Hydrogen Clipper and finding alternative solutions for aviation fuel!
Guy Toyama
Well, it looks like, you, Rinaldo, Madeleine and I are the only current supporters. But there is no other option for Hawaii.
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