Rewire Connecticut’s electrical system: Rewire Connecticut’s electrical system

Feb 2nd, 2012 | By | Category: Energy

Now that Connecticut’s electrical power has been fully restored, the typical governmental responses are kicking in: point fingers, hold hearings and propose changes to existing practices. And, as is also typical, the discussions will take place within a distinct silo of a single issue. In this case, it is the pre- and post-storm performance of Connecticut Light & Power.

It doesn’t have to be that way. By thinking more broadly and strategically, Connecticut could turn its view forward instead of backward and become a trailblazer in how power is created and distributed while driving new job creation.

Across the Atlantic, as well as in greater San Antonio, governments have partnered with American economist Jeremy Rifkin to create what he calls the “third industrial revolution.” Central to Rifkin’s thinking is a belief that we are trapped in four- or five-year economic cycles driven by the price of oil. When economic activity grows, so do oil prices. And as Rifkin points out, it was oil prices hitting $150 per barrel that stopped our economy — a full six months before the implosion of our financial system.

For more on this story, visit: Rewire Connecticut’s electrical system: Rewire Connecticut’s electrical system – Hartford Courant.

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