Thursday, May 31, 2012

Hayward: Green Energy Bubble Bursting Everywhere

"The green energy bubble "is bursting loudest at the moment, and as usual environmentalists are slow to see that they're about to get run over by a revival of the hydrocarbon economy," writes John Hayward at powerlineblog.com. "Those old dinosaurs may have been big lumbering animals, but the nimble fossil fuels they threw off are crushing the so-called green “fuels of the future” beloved of fruit-juice drinkers and vegans everywhere." Three examples:
  • The New York Times reported "Obama pushed hard for the final approval of Shell Oil's long sought permit to begin drilling in a new offshore oil field in Alaska."
  • "Obama has grown very quiet about climate change ... He's not attending the UN's 20th anniversary of the Earth Summit that started the whole climate diplomacy circus."
  • Germany's "pledge to phase out nuclear power is looking increasingly unrealistic" and "some leading Social Democrats have called for building ... more coal-fired power plants."
Concludes Hayward:  "Have a nice day, green weenies. Your party is over. Deal with it."

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