Coal Barons Buy Dems

(Obama seems to have gotten off the liquid coal train. October 15, 2007)
Obama, Pelosi, and now Bingaman have boarded the liquid coal train. Sickening. Everyone knows this heats the globe, but did you know it will not make you any more independent? What do think happens when OPEC spikes the price of gas to $5.00 in say 2112, and we're using liquid coal? The coal barons will force us to pay $5.00 for their sinfuel, just like Exxon makes us pay the same for domestic gasoline as for OPEC gasoline.

This is not a guess. I make my living with energy economics, and this is as simple as it gets. That's just what markets do. If we won't pay the $5.00, they can sell it anywhere in the world for that price, because OPEC has jacked up the world price.

Back to global warming. Even if they capture the CO2 from making sinfuel, the sinfuel they make will emit the same CO2 as gasoline when we use it. On top of that, anytime more oil or sinfuel is produced, the world market makes sure more is used. That means more warming even with the most optimistic assumption. What are those Democrats been smokin'?
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Bush stuck; climate changes

Bush proposed an "International Climate Change Framework" at the G-8 conference. But the "framework" is only this: The top 15 greenhouse nations will set "national targets that reflect their own future energy needs." It's a do-what-you-want framework—just like the current US policy for itself. The point is to prevent real cooperation. But the huge and immediate problem is energy independence.

Bush's goals are (1) independence, (2) economic growth, (3) global warming. All good goals, but he sets growth against the climate change goal.

"I recognize that man is contributing greenhouse gases, -- but here are the principles by which I think we can get a good deal. One, anything that happens cannot hurt economic growth." --Bush, April 3, 2007.

That means that no money can be spent just for climate change. He doesn't quite follow that, but pretty close. That is why he opposes any carbon caps, carbon taxes, or binding limits on CO2. All would cost a little money and slow growth--even if imperceptibly. Read more!