Robert Tracinski: The Global Warming Bubble

When the federal government bailed out General Motors, you may remember that we were told the government would transform GM by moving it away from manufacturing big, gas-guzzling trucks and SUVs (you know, the vehicles that were actually making a profit) and instead make sure that GM rode the real wave of the future: electric cars.

Well, here’s where the wave of the future has taken us: GM just shut down the assembly line of its electric car, the Chevy Volt, for five weeks because demand for the Volt is making the Edsel look like a roaring success. Observers are divided over whether the Volt has flopped because of its limited all-electric range, its high price tag (despite massive government subsidies), or the fact that its battery might have a tendency to catch on fire.

The Volt is just the latest commercial failure for “green” technology. We are in the middle of what you might call a global warming bubble. It is a failure of the global warming theory itself and of the credibility of its advocates, but also a failure of the various “green energy” schemes proposed as a substitute for fossil fuels.

RealClearMarkets

About these ads

2 responses to “Robert Tracinski: The Global Warming Bubble

  1. Several automakers are readying various forms of hybrids. I am convinced that the principal reason for this is government pressure. I shudder to think of the fallout from the Billions wasted on this folly. I just hope I’m wrong.

  2. They said they’d fixed the fire hazard problem…

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s