Read here. Paul Krugman may be a Nobel in his chosen economic specialty, but when he steps out his expertise, he always provides the living proof that "elites" are true morons when it comes to other issues. You don't believe Krugman is a global warming, climate fearing, CO2-energy moron? Read on what an environmental scientist (a liberal) says about that.
"Yes, you read that right. Krugman says that replacing coal-fired power is within the reach of current technologies. Krugman is absolutely correct in a mathematical sense. We could indeed replace all current coal fired generation in the United States with about 325 new nuclear power plants (1 GW) or about 300,000 new wind turbines (the big ones, 2.5 MW, setting aside minor issues like storage or grid integration). However, Krugman is completely wrong from anything resembling a practical [political] sense.
Krugman then says: "Second, residential and commercial use — much of it for heating — also has to be largely decarbonized; if power generation is decarbonized, much of this can be done by switching to electricity."
OK, let's switch to electricity. That means more than a doubling the numbers above -- more than 650 new nuclear power plants or 600,000 new wind turbines. Let me interpret what these numbers mean -- Not within reach. Krugman then suggests electrification of the transportation sector as well -- but with numbers like these what are a few hundred more nuclear power plants or few hundred thousand more wind turbines?
Krugman concludes: "I won’t say that it’s easy; but given the right incentives, we can do this."
Now, I am not an economist. But I'd sure like to see the nature of incentives that lead to 750 new nuclear power plants being built, or any other deployment of "technology with reach" at this scale."
Did we say moron? And what's even worse, Krugman is a partisan-hack, progressive/leftist/totalitarian-loving moron.
Update: Since we wrote this, Krugman has been caught lying on a different issue. And the moron keeps denying the facts - what is about leftist/liberal elites and their habitual lying? Scroll down to this paragraph heading in the middle of the WSJ posting: The Conscience of a Former Enron Adviser
