Subscribe to RSSWhat does China, Las Vegas, Nevada & U.S. have in common?
June 7, 7:23 PM
Bill Hadala
Las Vegas Stock Market Examiner
Sitting in the Las Vegas desert with temperatures over 105 degrees it is hard not to feel the immense power of the sun.
The stock markets continue to fall and it is only a matter of time before the bottom completely falls out due to the continued accumulation of national and global debt. Debt is debt and until it is place under control there will be very little recovery.
It would be ignorant not to notice the amount of money the centrals banks continue to infuse into the global financial markets. It’s staggering. At one time a billion dollars seem like a lot of money and now it seems like nothing. We now live in a world where a trillion is the new norm.
There is way too much uncertainty in the financial markets to figure out the next best move, yet one certain best bet for the years to come is energy. Humans will continue to use energy and energy consumption will increase dramatically in the years ahead as the world’s population continue to grow.
By 2014 much of America’s energy infrastructure will be at a point to be rebuilt. Utilities such as Duke Energy are currently searching and developing new clean technologies such as wind, solar and nuclear in partnership with countries such as China. Yes, China is rapidly becoming
a world leader in the clean energy industry because of its own energy consumption needs. It’s wonderful China is developing such technology in partnership with U.S. companies yet when is China going to open up its economy for American made products?
Today, the State of Nevada and City of Las Vegas continue to bake in the early summer sun looking at ways to reboot its economy. Yet, little is being done to embrace clean technology, beyond talk. Something has to be done to embrace the power of the sun and Las Vegas’ unique location in the sand. The recovery in Vegas isn’t going to happen because of gambling. It will come from the sun.
City officials are very interested in alternative energy solutions but once again the lack of power and/or interest of the people has left the creating of critical energy infrastructure is in the hands of legislators and big energy companies who have ignorantly ran our states into the ground with very little input from emerging companies who eagerly want to play in the game.
Wasn’t the stimulus money supposed to help small companies lift off the ground and create new jobs? Doesn’t America want to maintain its position as a global innovator creating a new and better world for tomorrow?
Of course it does, but someone in Washington forgot to get the buy in from companies such NV Energy, including the legislators who talk a mean game of economic recover and development around the times of elections yet continue to throw up the objections there is nothing they can do when approached by smaller companies in private industry other than continued to support the companies who put them into power.
In the meantime, one sure bet for investors are the energy and smart technology markets. The big losers are cities and states such as Las Vegas and Nevada because nothing ever seems to get done unless you are part of the already existing machine that only seems to care about one’s own personal position of power and gain.
When do the people finally wake up and say enough is enough? The markets are broken and here is another reason why yet at least we know of one sure bet for the long-term. Energy.
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