Outsourcing energy to mad men
Image via WikipediaPresident Obama talks much of moving to sustainable energy. But as he blocks domestic drilling, the reality is he’s outsourced U.S. oil needs to mad-dog dictators like Libya’s Moammar Gadhafi. That’s even less sustainable.Our energy policy under Obama has been as nutty as Gaddafi. We are placing a bet on inefficient "green" energy that has been a disaster everywhere it has been tried. From Spain where the investment in green energy has brought the government to the brink of bankruptcy to the UK and elsewhere where freezing conditions puts the windmills out of operation when they are needed most to warm homes.
Oil prices hit $100 a barrel Wednesday as thousands of Libyans marched in Tripoli. The crazed Gadhafi vowed to fight to "the last bullet," denouncing his own countrymen as "greasy rats" and turning his weapons of war on 1,000 of them.
He also threatened to incinerate his nation's oil wells as he goes down, an unsubtle suggestion to Big Oil companies operating in his country that they should act to save his regime.
As a result, oil is soaring because markets worry that a string of petro-tyrants will go down like Gadhafi and energy may soon become scarce.
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Natural gas is a superior alternative and we have it in abundance, but the greenies want to restrict it because it is too cheap and efficient for them to compete with.
This is not smart policy on the energy or diplomatic front and those who push it are just too invested in their carbon phobia to see reason.
Nice blog.
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