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Pain of Recession Foretells Agony of Green Economy http://apocadocs.com/s.pl?1231789350
Washington, D.C.--For the first time in 25 years, global demand for oil is expected to decline two years in a row. The decline is an effect of the global economic recession, which has dramatically reduced production and trade worldwide.
“This recession, with all its grim news of job loss and economic hardship, should be seen as a cautionary tale against coercive energy and climate policies,” said Keith Lockitch, fellow of the Ayn Rand Center for Individual Rights.
“Energy is the motive power that fuels production and trade. When economic activity slows, so does energy demand. But it goes the other way too. Imposing restrictions on the use of energy--as would occur under a system of carbon regulation--would choke off the economy’s fuel and shut down productive activity. The economic pain we’re all feeling in this recession is nothing compared to the pain we would feel if we adopt green policies that cut off fossil fuel consumption
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[Read more stories about:
global warming, stupid humans]
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Your Quips:
Haley says: "May he burn on earth -- oh wait, we ALL will!"
HarryP says: "what a bunch of tunnel visionaries."
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All we 'Docs can do is shrug at this fountainhead of stupidity.
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