Is Alternative Energy a Giant Capital Pit?

Alternative Energy Is a Giant Capital Pit, Kedrosky Says: "There's No There There"
Many green energy advocates say the annual $15 billion of related spending in Obama's plan isn't nearly enough, while critics say so-collared green-collar jobs are a myth and, regardless, won't do much to help an unemployed machinist in the Rust Belt.
Investor and blogger Paul Kedrosky of Ten Asset Management says such debates miss the broader point: Unlike during the growth of computers, when the industry coalesced around the Mac and Windows OS, there is no agreed upon alternative energy platform. As a result, nobody really knows how much money we need - or don't need - to invest in clean tech, which he says is more akin to drug discovery (biotech) vs. traditional tech.