The markets may fail us, but not as horribly as Congress would and does.Ms. Pelosi appeared Sunday on NBC's "Meet the Press," where Tom Brokaw gently pointed out that the various Democratic alternative energy ambitions are "not going to happen overnight." Replied Ms. Pelosi: "You can have a transition with natural gas. That, that is cheap, abundant and clean compared to fossil fuels." Later, she again said that "I believe in natural gas as a clean, cheap alternative to fossil fuels," and that wind, solar, biofuels and "a focus on natural gas, these are the real alternatives."
Apparently Ms. Pelosi's new script is still being reworked, but it's a telling mistake. Not only is natural gas every bit as much a "fossil fuel" as oil or coal. More to the point, these concentrated organic compounds found beneath the earth's surface must be extracted by . . . drilling. And sometimes even drilling offshore, on the Outer Continental Shelf. But more drilling is what Ms. Pelosi had refused to allow just a few days ago.
Natural gas was once the toast of the Beltway, since it burns cleaner than oil and coal, though that was before Democrats became hostile to any form of carbon energy. But lately natural gas is making a comeback, thanks in part to the high-profile advocacy of T. Boone Pickens, who has been embraced by Democrats as the latest green champion. As a follow-up, we'd like to see someone ask Ms. Pelosi if she still supports more natural gas exploration once she learns that it's made from evil carbon.
Originally from the pit at Tradesports(TM) (RIP 2008) ... on trading, risk, economics, politics, policy, sports, culture, entertainment, and whatever else might increase awareness, interest and liquidity of prediction markets
Tuesday, August 26, 2008
Nancy Pelosi
is an energy bimbo:
Labels:
Congress,
energy policy
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment