California reduced to issuing IOUs

I shakes me head, I do. Despite all the spin about California being the shining green light on the hill, (News Limited writer Glenn Milne fell for this fantasy in a big way, not that he was the only one), this was always perfectly predictable.   It is the kind of slow-motion train wreck that you can't help but watch with a sense of fascination mixed with resignation.   You can only ignore sound economics for so long before the bills finally come in and demand to be paid.   But hey, it seems the entire world has decided to follow California on the road to bankruptcy, so we'll all be rooted together at least.   You can also only pursue green dreams that are built upon denying reality for so long before the whole house of cards comes crashing down.   California has done everything by the book for wrecking its economy and driving industry and jobs elsewhere.   As Planet Gore observes (thanks to Greenie Watch): Its high energy costs, high taxes, and heavy-handed environmental regulation make it prohibitively expensive to build cars relative to other states in the union. Yet Washington is rushing headlong to adopt California’s economic and regulatory model for the entire country. And that means future large manufacturing will be going overseas. And isn't a perfect barometer of the times we live in that Barack Obama is determined to use this failed model for the United States as a whole?   Though, as Pajamas TV notes, there are some American states that could provide a model based upon, er, success!   But I suppose that just isn't daring or "innovative" enough for some.   I still can't understand why so many otherwise intelligent people lose their minds when the environment enters the picture and fall for the same pea and thimble trick every time.   Judgement is suspended and they obviously think that producing less energy at higher cost is a winner if they just believe in their hearts hard enough.   California is the American equivalent of Denmark, another place living in this fools paradise.   It has wasted vast sums of money on wind and solar power that is little more than useless, despite being absurdly expensive.   It has covered itself with the cloak of righteousness and smugly trumpeted its greecredentialsls in imposing restrictions on the generation of electricity by coal or gas, but has then had to import power from neighbouring states, produced by burning coal or gas, to make up the difference.   Denmark similarly has to import power from its neighbours when its much vaunted windmills aren't producing enough. Which happens to be quite often.   Another News Limited correspondent, Peter Wilson, wrote rapturous words about how at one point fully 70% of Denmark's electricity needs were being generated by wind power.   Okay, it was after midnight and most of the country was asleep, but still 70% is a fairly impressive figure. What Mr Wilson didn't mention was that barely 48 hours later that number had fallen to 2%.   You'd think anyone with a brain could see the problem here, but the temper of the times is one of collective delusion bordering on madness, and we are left with a media and political class that continues to remark upon how fine the emporer's new clothes are.   Renewables are pointless window dressing. They will never, based on current technologies, provide anything more than marginal amounts of electricity at high cost. Any economy based upon the large scale adoption of them will sooner or later run up against this reality and suffer for it.   And all on the basis of a belief in anthropogenic climate change that is increasingly looking suspect and which has little in the way of real world evidence to support it.   I shakes me head, I do.

Posted via email from Garth's posterous