In an important article in today’s Wall Street Journal, the
Gilder deconstructs many of the pious falsehoods promulgated by dangerous "green energy" lobbyists, corporate subsidy-seekers and politicians on
both sides of the aisle who ignorantly pander to them. The article uses
California as a poster-child to show how so-called "green energy" is paving the
way to national bankruptcy and irrelevancy.
Among Gilder’s targets is ethanol, a destructive fad
sustained by generous government hand-outs to politically powerful farm interests,
and costly mandates imposed on the rest of us. Alas, all for nothing, as
revealed by even a casual examination of the magnitudes of energy required by
Even if all Americans stopped eating (saving about 100
thermal watts per capita on average) and devoted all of our current farmland to
biofuels, the output could not fill much more than 2% of our energy needs.
Michigan politicians have inflicted the cost of plenty of state
ethanol subsidies on residents here as well. Some of these are listed here,
with links to which legislators voted yes and which voted no.
Our Legislature has also imposed "renewable" electric
mandates that Gilder calls "disgraceful," and which are also dishonest because
they’re so manifestly impossible to attain. MichiganVotes.org lists how legislators in the House and Senate voted for these requirements.
Gilder concludes: "But the green campaign wastes
scarce and precious technological and entrepreneurial resources indispensable
to the nation's future. Now it is debauching America's most precious venture
assets. It must be defeated, not appeased."
Permission to reprint this blog post in whole or in part is hereby granted, provided that the author (or authors) and the Mackinac Center for Public Policy are properly cited.
Permission to reprint any comments below is granted only for those comments written by Mackinac Center policy staff.