Development of abundant power and fuel sources
is being restrained by regulatory headlocks
in favor of much higher-cost green alternatives
with relatively scant capacity prospects.
by Larry Bell
Current Obama administration battle strategies directed toward futile wars to control climate change and free America from fossil dependence are hindering, not advancing, progress toward lasting energy security. Development of abundant power and fuel sources--which we will continue to rely on--is being restrained by regulatory headlocks in favor of much higher-cost "renewable" and "green" alternatives with relatively scant capacity prospects.
Proponents of such policies would have us imagine an autonomous nation powered and fueled by limitless sunbeams, friendly breezes and amber waves of grain-producing-alcohol that sever reliance upon dirty coal mines, oil rigs and smokestacks (those ugly industries that presently heat our homes, fuel our cars and power our computers). How can we possibly resist such a vision? Well maybe it's a bit easier to do so after we observe European experiences.
The E.U., which like the U.S. relies heavily upon coal and oil, has found little salvation through enormous investments in renewable alternatives. This realization is now causing large measures of buyer's remorse and pain. Members are witnessing their already shaky economies further destabilized by rampant fuel hikes, menacing power shortages and costly, yet unsuccessful, CO2 emission reduction efforts.
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