Tuesday, December 9, 2014
Less Expensive Oil: Boo-Hoo, Boo Hoo
"Terrible moment." An article so silly it could only have been written by a believer in catastrophic global warming. What are these people, ghouls? After the worst economy since the Great Depression, millions still out of work after six years of poor job creation, and they begrudge people having extra dollars in the pockets and the hundreds of thousands of new American jobs less expensive oil will create.
"Last month the IPCC reported that our only chance..." We have been passing "last chance" tipping points since 1989 and the world hasn't come to an end in the intervening quarter-century. Quite the contrary, food production (both absolute and per-capita) sets records every year with warmer world temperatures (longer growing seasons), we have fewer tornadoes, and fewer and weaker hurricanes.
Appropriate policies = legal coercion. Appropriate institutions = more money for Big Climate.