He describes the "leadership" offered by Europe:
President-elect Barack Obama wants to phase out coal-based electricity generation, switch to renewable energy and follow Europe's lead on climate change. That could prove difficult.
Coal generates half of all U.S. electricity. Wind provides less than 2 percent of all electricity and cannot be relied on when it's needed. Europe's lead can't even be defined, much less followed.
- The Kyoto Protocol called for greenhouse gas emissions to be cut by 7% below 1990 levels by 2012. At this time, Spain is 37% above that level, while Austria is 30%, Denmark 19%, and Portugal 17% above the target level. The EU changed its goal in 2007 to an emission cut of 20% by 2020. Now many countries believe that too ambitious.
- German Chancellor Merkel promised to eliminate coal and nuclear power in 2006. Now she wants more nuclear and coal power plants and wants to reduce emissions restrictions on chemical, steel, manufacturing, cement, and auto industries.
- Austria and Italy also want emissions requirements eased.
- The Eastern Bloc nations all want exemptions from emissions restrictions. They depend upon coal for 90% of their electricity and believe Communism held their economies back for 50 years and now they want to catch up.
- Britain finds 5.5 million households living in "fuel poverty" due to climate taxes and high energy prices. Many factories are threatening to shut down for the winter.
- China and India are rapidly building coal-fired electric power plants and are rightfully mostly concerned with combating poverty. They figure they can better respond to any warming that might occur later if they are not so poor and technologically backward.
- African nations are putting their priorities rightfully on having affordable and reliable energy, safe water, modern hospitals, refrigeration, and the reduction of lung and intestinal diseases. Wind and solar power are not high priorities.
- Emissions are 23% above the Kyoto Protocol requirement, had we signed it.
- But, the growth of our emissions since 2000 is only 0.2% per year.
- Al Gore flies only private jets, owns a fancy houseboat, and uses more electricity in a week than 28 million Ugandans use in total in a year.
- Warner-Lieberman cap-and-trade will cost more than $7 trillion. Now, many Democrats want a cap-and-trade law which will cost much more.
- Hydrocarbons provide 85% of U.S. energy [and will all be hit hard by cap-and-trade, causing hydrocarbon energy cost to soar. All other energy costs will also soar due to increased demand for these other forms of energy.]
- The EPA wants to micromanage our complete energy system and hence the entire economy.
- Even without further new restrictions, we face brownouts and blackouts at unprecedented levels in 2009.