Now I get why global warming hysteria has been going into overdrive
lately, despite falling temperatures encasing the country in ice:
A slackening in the growth rate of fossil fuel consumption gave
comfort to environmentalists in 2008, as recession began to grip
global economies. But, in most respects, this year was awful for the
green bandwagon, which came to a halt as debt and equity finance dried
up.
Clean energy stocks crashed by two thirds. The chart of the
WilderHill New Energy Global Innovation index resembles the Nasdaq
Technology index in 2000.
The quality of management for projects has come into question,
with analysts saying enthusiasm for a good cause has been getting in
the way of operational efficiency.
Operational efficiency is hardly the strong suit of "green energy"
proponents. They rely on hype, panic, and government coercion. Their
main hope now is that Obama will impose draconian restrictions on
efficient energy production. If a recession provides them with
"comfort," the depression the Moonbat Messiah may cause in the name of
the polar bears ought to put them in a state of pure bliss.
http://www.moonbattery.com/
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