Wednesday, May 30, 2012
NOW LIBERALS MUST DRILL! THEY KNEW THAT!
The Green Energy Bubble Is Bursting Fast EverywhereSo the tech bubble burst a decade ago, and the housing bubble five years ago. The higher education bubble is swelling to the bursting point, but it is the green energy bubble that is bursting loudest at the moment, and as usual environmentalists are slow to see that they’re about to get run over by a revival of the hydrocarbon economy. Those old dinosaurs may have been big lumbering animals, but the nimble fossil fuels they threw off are crushing the so-called green “fuels of the future” beloved of fruit-juice drinkers and vegans everywhere. Item: In an extremely curious New York Times story last week, Times environmental writer John Broder notes that President Obama pushed hard for the final approval of Shell Oil’s long sought permit to begin drilling in a new offshore oil field in Alaska, which has been held up for years by bureaucratic red tape and environmental lawsuits ...Read More