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March 22, 2012

Someone Is Indeed Ignorant About Energy ... But It's Not Who the WH Claims

Topics: Climate Change, Global Warming, Political News and commentaries

Just as the White House claims, someone is indeed aggressively and deliberately ignorant about energy ... but it's clearly not who the WH says ... they need to instead be looking at themselves.

Conn Carroll explains at The Morning Examiner:

If the tone of the rhetoric coming from the White House is a reflection of how President Obama feels about House Budget Committee Chairman Paul Ryan's new Path to Prosperity plan, then the Wisconsin Republican has scared Obama silly.

Yesterday, from a podium in front of the White House seal, Press Secretary Jay Carney said of the clean energy subsidy cuts in Ryan's budget, "You have to be aggressively and deliberately ignorant of the world economy not to know and understand that clean energy technologies are going to play a huge role in the 21st century. You have to have severely diminished capacity to understand what drives economic growth in industrialized countries in this century."

Which is an interesting statement considering an anecdote liberal author Noam Scheiber revealed in his new book The Escape Artists: How Obama's Team Fumbled the Recovery:

Energy was a particular obsession of [Obama]'s, and therefore a particular source of frustration. Week after week, [economic adviser Christina] Romer would march in with an estimate of the jobs all the investments in clean energy would produce; week after week, Obama would send her back to check the numbers. "I don't get it," he'd say. "We make these large-scale investments in infrastructure. What do you mean, there are no jobs?" But the numbers rarely budged.
No, Obama doesn't "get it." And apparently neither does Jay Carney. Government subsidies do not drive economic growth. Just the opposite, they distort and slow growth. Investors know that if the only reason a business is profitable is because of artificial government subsidies, then the profit signal from that business is fake and should be ignored.

Economic growth occurs when entrepreneurs are allowed to discover new ways of producing goods and services that people need or want to buy. Those that identify new methods of delivering value to consumers that is greater than the cost of producing it, earn profits. Government policies that least interfere with this method of discovery are most likely to produce faster economic growth.

This is what Ryan understands and it is what his budget delivers: a simpler tax code, fewer disruptive regulations, and far less government spending in the health and energy sectors. Ryan's budget passed the House Budget Committee last night and is expected to pass the full House next week. Meanwhile, the Democratic Senate has not passed a budget in three years.

Getting down to Realityville - the transition from oil to clean energy is at least a century away ... the reality is that there are no viable alternatives in sight. Add to this the fact that studies show solar and wind power would actually speed ip, not reduce, global warming ... scrapping all Coal plants would have no significant effect for 100 Years ... and replacing all of the world's currently operating coal-fired power plants -- which produce about 40% of the world's electricity -- and replacing them with renewable energy would have an impact of 0.2 degrees Celsius 100 years from now.

Bottom line ... despite what the WH might believe and claim, viable Industrial-scale renewable energy replacing fossil fuels in our lifetime is an absolute myth. No alternative energy source currently in development is near ready for prime time for many many years to come.

Alternative energies won't replace oil, gas, and coal anytime soon (Nothing else comes close to oil when it comes to energy density, ease of handling, flexibility, convenience, cost, or scale. Electric vehicles may be the celebrity car du jour, but modern batteries are only slightly better than the ones that Thomas Edison developed. Gasoline has 80 times the energy density of the best lithium ion batteries.).
How Dense Can They Get?

Posted by Hyscience at March 22, 2012 9:08 AM

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