"Colorado Governor Bill Ritter's one claim to fame, as he stands at the midpoint of his term, is his over-hyping of what he calls the "new energy economy" -- and the fact that another rising politico, a guy named Barack Obama, stole the phrase from him.
It's more appropriately called the "New Energy Baloney," in my view, since it's largely based on subsidies, mandates and other government interventions in support of niche energy technologies that aren't ready for prime time -- while regulatory and rhetorical war is waged against an "old" energy economy that actually delivers the goods."