In Walt Disney’s 1940 animated film “Pinocchio,” woodcarver Geppetto dreams that his wooden marionette will turn into a real boy. Geppetto’s hopes are immortalized in the song “When You Wish Upon a Star,” which begins: “When you wish upon a star/ Makes no difference who you are/ Anything your heart desires/ Will come to you.”
The song won an Academy Award. It didn’t win a Nobel Prize for Economics or any awards for public policy, and was never intended as a guide for government energy and environmental programs.
Nevertheless, President Obama and the radical environmentalists who helped him win a second term seem to believe that, if only they wish hard enough, they can make the sun, wind, waves, algae and fields of corn replace fossil fuels as the world’s primary energy sources.
Never mind that these misnamed “clean and green” energy sources are still too impractical, unreliable, expensive and land-intensive to compete with oil, natural gas and coal on a level playing field. Team Obama will make non-hydrocarbon energy more competitive, by tilting the playing field.
Knowing hope and hype energy can’t survive without mandates and subsidies, they are doubling down on grants and loans for campaign-contributing corporate cronies. They ignore environmental study, health and endangered species laws, to green-light favored projects and technologies, overlooking bird kills and habitats blanketed or impacted by wind turbines, solar panels and algal ponds, and disregarding impacts of wind turbines on the health of people living near industrial wind facilities. They dismiss the fact that ethanol production requires billions of gallons of water and prodigious amounts of diesel and natural gas.
President Obama’s hype, hope and wish energy extracts tens of billions of dollars a year from productive, profitable sectors of the economy – to subsidize “alternative energy,” at the rate of some $200,000 per job “created” by government dictate and taxpayer money. Equally bad, that expensive energy increases costs for every family, factory, farm, hospital, restaurant and other business in the country, adversely affecting job creation and retention throughout the nation.
For hydrocarbon producers, the Obama Administration is tilting the playing field the other way. Federal bureaucrats delay and prevent leasing, drilling, mining and production of the fossil fuels that provide 85% of all US energy, versus less than 3% from these favored “renewable” sources.
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