Knight Investments LLC & the Baron of the Republic of Aquitaine met with Regulatory Officials, and discussed federal issues on how America could break its addiction to oil and coal.
Discussions were held at an international stage where all parties met to discuss these options, how portfolio appropriations could be designed to impact this cause, and what Knight Investments LLC had its disposal for resources.
The talks concluded that the recent findings of US Secretary of Energy Steven Chu would provided great insight on the development of this concept, and how private sector companies like Knight Investments LLC could further this cause.
When Secretary of Energy Steven Chu talks about how Americans can break their addiction to oil and coal, he starts with his hi-fi amplifier. It's so old that the on-off light burned out long ago. But inside lies a technology that -- in its day -- was as revolutionary as the changes needed to solve the nation's current energy problems. (Source Jim Tankersley LA Times)
Chu, a Nobel Prize-winning physicist, and other experts say similar scientific breakthroughs are needed to make renewable power sources such as wind, solar and biofuels as cheap and easy to use as the costly, environmentally damaging oil and coal we depend on now. Toward that end, President Obama's stimulus package contains $8 billion for energy research, including $400 million specifically targeted for game-changing technology.
The problem is that over the last three decades, the U.S. has spent many times that much on energy research and development -- with nothing like a "transistor"
"It's very easy to say we should spend more" on research, said Jeffrey Wadsworth, chief executive and president of the Battelle Memorial Institute, which manages several Energy Department laboratories. "What really needs to happen is more effective use of the money."
"It has to come from the private sector. The federal government is in a trillion dollar deficit and its stimulus package has 50 cents per US Dollar borrowed from foreign countries. In the meanwhile, the same people who had money in a good economy, have money in a bad economy. It's up to us to make a contribution as good citizens of this country." said Jayson Lopez, President of Knight Investments LLC.
The Baron of the Republic of Aquitaine agreed with this analysis and affirmed that the concept of private citizens and companies alike would be a key driving factor in the years to come. Currently the Baron of the Republic of Aquitaine has been working with key members of the private sector community and companies like Knight Investments LLC to press the Republic of Aquitaine's desire for humanitarian, environmental, and human rights issues.
