Saturday, September 12, 2009

How Wishful Thinkers Are Forced To Reconnect With Energy Reality

The following article was published on 9/10/09 on the Investors.com website:

http://www.investors.com/NewsAndAnalysis/Article.aspx?id=505738

This article lists several examples of governments saying one thing and then doing exactly the opposite when reality sets in. Here are a few of the best examples:
  • One day Energy Secretary Ed Milliband sets out his proposed expansion of the U.K.'s wind power-led alternative energy revolution; the next day, Vestas, the U.K.'s largest wind turbine manufacturer, shuts down a big part of its British operations citing "low demand" and public opposition to onshore wind farms.
  • In 2006, Germany's Angela Merkel was hailed as the "Green Chancellor" for promising to rid her country of coal and nuclear power in its bid to give a clean energy "world lead." Three years on and Merkel's government actively supports the construction of a new generation of 26 coal-fired power plants as well as keeping Germany's nuclear power stations open.
  • "Capitalism and consumerism have brought the world to the brink of economic and environmental collapse," the U.K.'s Prince of Wales ruminates, adding that "the age of convenience is over." As international columnist Mark Steyn comments, "The Prince then got in his limo and was driven to his other palace."
  • As we have seen, however, national leaders will ultimately refuse to impoverish their industries even to "save the planet." The still-"disconnected" flower-power generation and its idealistic offspring would do well to grasp that the energy future is not green. It is hydrocarbon, and will continue to be for another century at least.

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