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Phillip Pilkington: The green-energy bubble is about to burst — and thanks to Biden, taxpayers will suffer

Monday, October 23, 2023 2:01

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Phillip Pilkington has written an admirably rational evaluation of the IRA, the fragility of the renewable energy industry, and the horrible consequences for the American people. I recommend reading his NY Post opinion article entitled The green-energy bubble is about to burst — and thanks to Biden, taxpayers will suffer.

This calamity is perpetrated based on the failed hypothesis of catastrophic man-made global warming. That hypothesis has made prediction after prediction that failed actual observation. By the scientific method, this means the hypothesis is itself false.

This is not surprising, since the physics behind the argument is wrong. Additions of CO2 to the atmosphere do not provide added warming at present levels of CO2, since its cooling effects are about equal to the warming effects at the present CO2 concentrations. Almost everyone ignores the cooling effects. Modest warming would actually be good. Added atmospheric CO2 is highly beneficial to plant growth and therefore to all animal life, including humans.

How can so many scientists and economists get so much wrong? But they sure have. Note that contrary to claims, there is no real consensus. Only warming projections get published, but even those projections do not agree well with one another. This is not consensus. This is confusion. It is proof of ignorance.

Source: https://objectivistindividualist.blogspot.com/2023/10/phillip-pilkington-green-energy-bubble.html

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