President Obama gave a speech on energy policy yesterday at Georgetown University. Unless you live in a hole somewhere, you know that he is really keen on green energy. His attitude toward changing how the nation powers itself was clearly stated back in 2008 in an interview with the San Francisco Chronicle. His words:
Under my plan of a cap and trade system, electricity rates would necessarily skyrocket … even regardless of what I say about whether coal is good or bad, because I’m capping greenhouse gases, coal power plants, natural gas … you name it. … Whatever the plants were, whatever the industry was, they would have to retro-fit their operations. That will cost money. … They will pass that money on to the consumers.
So, you can see his plan from the start.
In his latest speech, he emphasized the following:
- Putting one million electric vehicles on the road by 2025
- “Investing” [read: government subsidies] in advanced vehicles, fuel technologies, high speed rail [even if it will be a drag on taxpayers], and public transit
- Generating 80% of U.S. electricity from clean energy sources by 2035, including wind, solar, hydro power, nuclear power, natural gas, and clean coal [good luck on most of those]
The so-called green approach is highly expensive, which is the first strike against it. The second problem, from my perspective, is that it is being directed by government coercion. Is this simply the new path of the old Marxism?
By the way, stock up on those old incandescent light bulbs—they’re going to be banned next year in favor of the mercury-filled ones that are a bio-hazard waiting to happen.
Is any of this really viable?
I’ll stop just short of being that cynical, but I’m pretty cynical on this issue nonetheless.