We live in an age of science, but often it is rather bad science. Science is bad when it ceases to be a search for the truth and becomes instead agenda driven. You don't have to look too far. When government gets involved the quality of science generally starts to go down the drain because the science becomes politicized.
All kinds of fiascoes have been perpetrated in the name of science by government. The latest seems to be Global Warming which comes off an equally bizarre claim of Global Cooling in the 1970s. Back in the 1970s when tight oil and government regulation led to long gas lines there was a government energy program. We heard all the same stuff we're starting to hear now and not very much came of it.
The bottom line is that when it comes to such a central factor of production as energy, the market will make it work or it will fail. Government typically will posture, puff up its chest and pretend it is doing something. The reality is that energy is at the bottom of the pyramid. Everything turns on energy and government really can't do very much at all except, frankly, get out of the way and let the people who do the real work, do it!
Thursday, August 21, 2008
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