Oh noze! The "Carbon Bubble" according to Gore...

Now that we are seeing $0.25 or less a watt solar in the near future, the present market price on carbon will sink it. When very cheap, high capacity batteries are developed, both in transportation and residential power, carbon is done. In a generation it will go the way of the horse. Just the direction of technology.
And you won't find many people who have a problem with that.

What we DO have a problem with is legislating out of use an energy source before there is a replacement that's economical, practical, and scalable.

What we DO have a problem with is the government deciding which technologies (and therefore, which companies) should be rewarded and which should not. That is, of course, the market's job. Unless you think Solyndra was a good investment of half a billion dollars of taxpayer money...?

Environmentalists are, with few exceptions, short-sighted and economically ignorant.
 
Tangent Alert: In the year 2000, candidate (and Vice President) Al Gore promised that, if he were elected President, he would put all Social Security funds into a "LOCK BOX" (his words, not mine), so that oldsters would never have to worry about their SS checks.

Has enough time elapsed that we can say what should have been obvious at the time: This was a fatuous, cynical lie, intended to strike fear into retired people that if they voted for his opponent their social security checks would be in danger? Gore is lower than fish feces.

But to the subject at hand: The science of the greenhouse effect is not seriously in dispute, although predictions of the actual climate impact, and their timing, are all over the lot. But there are a couple relevant facts to be kept in mind.

First, China, India, and Africa will be continuing to build coal-fired power plants at a rapid pace for the next several decades. It is indisputable that within ten years, coal will be the chief source of electrical energy on the planet, and one cannot even imagine a time in the future when that fact will change. Hence, any attempt to curtail burning of fossil fuels in the U.S. is pointless, and needlessly against our own self interest. In all candor, it is Anti-American. (Note: Germany, with its much publicized shift away from Nuke will be relying most on...guess what?... COAL! Hilarious, ain't it?)

Second, with the potential for Hydro basically tapped out in the U.S., the main candidates for renewable energy are wind and solar. But neither of these is adequate for BASE LOAD generation, as they simply do not do much at night. So they can reduce the amount of fossil fuels that are burned, but will never be more than a marginal source of energy. 15% tops.

Third, we are the "Saudi Arabia" of not only coal, but also natural gas. Most new electrical plants being built here are gas-fired, and it is not hard to imagine that within the foreseeable future, our cars, homes, buses, trucks, trains, and everything else will be powered, one way or another, with natural gas. Our gas resources are, for all practicable purposes, infinite. We have reached the point where the biggest threat to the industry is over-supply, which drives prices down so low that it is not as profitable as the gas producers would like. (But Europe will be a goldmine, once they figure out the best way to ship LNG over there).

Fourth, the death of Nuke is an economic and environmental tragedy, and not based on any rational thought. The episode in Japan, like the one at Chernobyl was needless, and the result of eggregious human error (the location of the plants), and for the world to simply abandon nuclear power - the only reliable source that emits no CO2 - is a stupid tragedy. Nuke in this country has become prohibitively expensive mainly because it is regulated by power-crazed neurotics at the NRC.

Al Gore has become a caricature. He is Ralph Nader without the brains. Jimmy Carter without the compassion. One of those public personages that most people would simply like to STFU.
 
Gore sticks foot in mouth yet again.

Analysis - From Big Foot to Bluto, Gulf of Mexico set for record oil supply surge - Yahoo Finance

CORPUS CHRISTI, Texas (Reuters) - The Gulf of Mexico, stung by the worst offshore oil spill in U.S. history in 2010 and then overshadowed by the onshore fracking boom, is on the verge of its biggest supply surge ever, adding to the American oil renaissance.

Over the next three years, the Gulf is poised to deliver a slug of more than 700,000 barrels per day of new crude, reversing a decline in production and potentially rivaling shale hot spots like Texas's Eagle Ford formation in terms of growth.
 

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