Archive for 9 Dec 2012

Posted: 9 Dec 2012 in Politics

Good read.

Watts Up With That?

How do we know that Solyndra and First Solar and Fisker Automotive and thirty other failed Obama-subsidized green energy ventures are (or were) highly moral enterprises? Because they are all going bankrupt. They all produce less value for consumers than they cost in resources. That’s good because producing net value—making money—is the criterion of immorality.

Such, at least, is the message from, where an actor pretending to speak for Exxon smugly plays the Grinch:

Here at Exxon we hate your children. We all know the climate crisis will rip their world apart but we don’t care, because it’s making us rich.

Wait a minute. If they are getting rich, doesn’t that mean they have to be creating quite a bit of value? Doesn’t it mean that people need the gasoline that Exxon is producing and find it’s price inexpensive compared to the value they get out of it? Indeed…

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