Obama and his acolytes flatter themselves as sophisticates, reality-based devotees of science. They look to Europe for inspiration. If only they would actually pay attention to the reality of Europe, as opposed to their fantasy vision.
Obama brought his supporters to paroxysms of joy-near orgasms, in fact-with his call in the SOTU speech for action on “climate change.” Action that he said he would take if Congress does not-the Constitution be damned.
Would that he actually look to what his Euroheroes are actually doing Which is to realize that their alternative energy initiatives have proved to be very expensive unicorn hunts. Both Germany and Spain have realized that alt-energy is outrageously expensive and inadequate to achieve any meaningful impact on climate:
More than a decade ago, Germany and Spain created similar laws to aggressively promote the adoption of renewable energy. The two countries were again marching in step on Thursday—this time to fix a web of subsidies and compensations they created for green energy that had the unintended effect of driving up household electricity bills.
. . . .
Fearing a voter backlash from anger over the lopsided financing of green energy, Ms. Merkel’s government on Thursday proposed putting a cap on the green-energy surcharge until the end of 2014 and then restricting any rise in the surcharge after that to no more than 2.5% a year. The government also plans to tighten exemptions, which would force more companies to pay, and achieve a cut in green subsidies of €1.8 billion ($2.42 billion). The plan is a quick fix pending comprehensive reform after the election, government officials said.
. . . .
The Spanish parliament took a similar step on Thursday, passing a law that aims to curb rising household electricity costs by cutting aid to the renewable-energy industry.
Renewable-energy producers “are going to receive less revenue, but these measures are better for consumers” said Energy Minister José Manuel Soria.
In other words, Germany and Spain are retreating posthaste from their former grandiose commitments to green energy.
But despite this rather flagrant example of the economic bankruptcy of subsidies for renewables, Obama is intent on playing the David Farragut of greendoggles: Damn the reality! Full speed ahead!
It’s bad enough that Obama ignores what is going on in Euroland. He should have plenty of examples closer to hand. Like Solyndra. (Do you really need links? Seriously?) Like Tesla (ditto). Compact Power. LG Chem: read it and weep. You’d get more satisfaction out of taking $175mm in $100 bills and setting them alight.
But we are likely to be subjected to yet more of these monstrosities, because there is nothing that the reality-based community likes to do more than deny reality. Especially when it stares them in the face.
Not only are we almost certain to chase green unicorns, we may well deny ourselves of very real energy sources. This weekend saw protests against the Keystone XL pipeline, and I would say that the odds are better than even that he delays or kills it: the cabal of enviros and Warren Buffett will be pretty hard for Obama to oppose. (The calculations of my earlier post imply that Keystone XL-which will last for decades-will pay for itself in less than 600 days-and that’s conservative because a good fraction of the $20mm/day in surplus generated by Cushing-Gulf pipelines is attributable to the oil that Keystone XL could transport.) In contrast we’ll be paying for greendoggles for many multiples of 600 days.
It is quite instructive to view the contrast between the European’s concession to reality, and Obama’s denial thereof. Just when the Euros are beginning to concede that green unicorns may not exist, Obama is hell bent on chasing them.
God help us.