Wednesday, 27 February 2013

Energy, Energy Everywhere

Abundance and Plenty

In New Zealand we have been learning that a state owned enterprise, Solid Energy which mines coal is on the brink of collapse.  It owes over 300 million dollars to its bankers.  Apparently it decided to "diworsify" away from coal mining and invested heavily in "alternative" energy sources, by which we should probably understand "green energy". 

The government was absolutely stupid to let that happen, but then again the NZ government pays lots of lip service to "green energy" so it would have been somewhat difficult to object.  The reality is that "green energy" has proved to be a big black hole down which billions of dollars have been poured and lost.  An article in the The Weekly Standard reviews the current global state of play.

A New Energy Age

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