If you want to understand how the United States is suddenly eating everyone’s lunch when it comes to energy, see the chart below, from the Financial Times. No wonder Europe is getting off its duff and trying to move forward with plans to expand its own shale natural gas potential. Not coincidentally, cheap natural gas is starting to prompt several states to back off of their renewable portfolio standards that mandate the purchase of uncompetitive and grid-destabilizing wind and solar power. The rout of the environmentalists continues.
But the bottom story of the week has to be this hilarious nugget about how Al Gore is hoping to “convert” Rupert Murdoch to the global warming cause. From the recent New York magazine profile of Gore:
And there’s one specific capitalist he hopes to enlighten. Gore tells me of his ambition to have another meeting with Rupert Murdoch, to talk him through the issue, convert him to the cause. “There is still hope that he will awaken to the reality of this,” Gore says. “It would make a huge difference if he would.”
The climate campaign must really be getting desperate if they’re summoning Al Gore and his astonishingly effective persuasive skills from the bullpen. I think it is more likely that Murdoch will tell the nouveaux riche Gore, “Look Al, here’s how you make real money.”