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GE has GREAT results from its wind division, but according to CEO (our savior) Jeffrey Immelt, GE pins its hopes for the future on the global nuclear division.  end of story.

"Life shrinks or expands in proportion to one's courage." - Anaïs Nin
by Crazy Horse on Tue Nov 4th, 2008 at 05:12:17 PM EST
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They didn't call his predecessor "Neutron" Jack Welch for no reason...
by Metatone (metatone [a|t] gmail (dot) com) on Tue Nov 4th, 2008 at 05:17:47 PM EST
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I can bet with you right now, that Obama is going to push for nuclear + wind heavily.... Win win situation.

I all makes perfect sense from the Obama perspective... an alliance with GE about government investment in energy and health care costs...  

It is a brave move by GE..pushing so hard for a transition from the military-industrial complex to the energy complex with GE at the top.

What is important here is that they did nt trust McCaint o deliver on their promises.. they must view as the typical military-industrial guy...GE bets that bama gets out of Iraq and stabilizes the military budget...and increases heavily the energy investment.

I hope GE is right.

A pleasure

I therefore claim to show, not how men think in myths, but how myths operate in men's minds without their being aware of the fact. Levi-Strauss, Claude

by kcurie on Tue Nov 4th, 2008 at 05:18:27 PM EST
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GE is not pushing nuclear hard at all, they relocate all the time, they have no focus.

Face it, GE is not an engineering company anymore, it's a financial services company.

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid (arvid.hallen at gmail.com) on Tue Nov 4th, 2008 at 10:32:48 PM EST
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