Climategate? Don’t Dump Your Alternative Energy Stocks Just Yet

James Delingpole’s otherwise excellent article starts off with a suggestion that needs some challenging:

If you own any shares in alternative energy companies I should start dumping them NOW. The conspiracy behind the Anthropogenic Global Warming myth (aka AGW; aka ManBearPig) has been suddenly, brutally and quite deliciously exposed after a hacker broke into the computers at the University of East Anglia’s Climate Research Unit (aka Hadley CRU) and released 61 megabites of confidential files onto the internet. (Hat tip: Watts Up With That)

First: people in the scientific community like to think of their process as not subject to fraud or manipulation (as opposed to, say, religious matters.)  But anyone who has actually done the work there and knows the truth knows that this is not the case.  It may take a while for the truth to come out, but in the meanwhile the transitional costs can be enormous.

However, I wouldn’t dump the alternative energy company stocks just yet.  The liberals who have wanted to use climate change to impose their idea of life on the rest of us are simply wimps.  They run from one meeting to another (enlarging their carbon footprint in the process) dreaming up regulations to accomplish their purpose when a couple of well placed shipwrecks in the Straits of Hormuz would do more to advance their fossil-fuel free world–and do it in a hurry–than just about anything else.

But we don’t need liberals turning into commandos to accomplish this.  Our presently weak foreign policy will be encouraging to the power challengers of the Middle East, and that increases the danger of the Straits of Hormuz–along with such choke-points as the Bab al Manadab (the straits between Yemen and Eritrea, both a little flaky these days)–being unable to carry all of this fuel to burn.

There are many good reasons to wean our civilisation off of fossil fuels other than any climate change theory.  Those of us who got through the 1970’s should have learned that.  What we need is a rational, purposeful policy to accomplish that, and for the last forty years that’s what’s been missing.

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