The globo warmer fantasy
Thomas Friedman:
Built into this green fantasy world is the belief that significantly raising energy prices will not lower our standard of living and will some how create jobs in the magic energy business. So far there is not magic energy and biofuels are still not competitive with carbon based energy. If the globo warmers and the Democrats would get out of the way, oil and gas companies could create thousands of jobs and lower our dependence on foreign energy sources. They would also generate enough royalties to significantly lower our deficit.
...This is pure fantasy. The chances of us having electric cars that can drive from Washington, Texas to Houston and back are remote in the extreme. Those on the drawing board now could barely make it to Brenham and back (about 20 miles).
If we prepare for climate change by building a clean-power economy, but climate change turns out to be a hoax, what would be the result? Well, during a transition period, we would have higher energy prices. But gradually we would be driving battery-powered electric cars and powering more and more of our homes and factories with wind, solar, nuclear and second-generation biofuels. We would be much less dependent on oil dictators who have drawn a bull’s-eye on our backs; our trade deficit would improve; the dollar would strengthen; and the air we breathe would be cleaner. In short, as a country, we would be stronger, more innovative and more energy independent.
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Built into this green fantasy world is the belief that significantly raising energy prices will not lower our standard of living and will some how create jobs in the magic energy business. So far there is not magic energy and biofuels are still not competitive with carbon based energy. If the globo warmers and the Democrats would get out of the way, oil and gas companies could create thousands of jobs and lower our dependence on foreign energy sources. They would also generate enough royalties to significantly lower our deficit.
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