About 4 years ago, I bought stock in a company called XTO.  At the time they were seen as a great long term play in the alternate energy field.  They are one of the leading companies in extracting natural gas with non-traditional methods.  Recently, XTO announced that we were being purchased by Exxon Mobil.  Experts quickly concluded that this was a smart move by Exxon to diversify their business into future energy sources, like natural gas.  I bought XTO because I liked how the company was run, and I decided to sell this investment because that is my typical reaction when companies I own get bought out.  If I wanted to own Exxon Mobil, I would have bought their shares 4  years ago.

Don't Drink the Water

Since I was following this development, I came across this story.  The premise here is that because XTO was purchased by Exxon, that this will attract environmental consciousness to the practice of how they extract natural gas, because we all know that Exxon Mobil is the corporate embodiment of pure evil.  XTO injects chemical-laced water 1,000s of feet below the surface of the earth, this fractures the shale deposits, and the gas comes out.  Radical environmentalist, in their relentless quest to ensure that no resource is ever consumed, are worried that putting chemicals thousands of feet below the surface of the earth could contaminate the water tables that lie thousands of feet above the gas deposits.

Stories like this reaffirm my tendency to never take environmentalists seriously.  We are told by the climate doom-mongers that we need to stop emitting carbon into the atmosphere, but when a company comes up with a viable alternative these environmentalists’ comrades in arms find some other ecopalypse for us to worry about.

A while back, my friend asked me if I thought global warming was just a big liberal conspiracy.  I think our rigourous scientists at the prestigious climatology department of East Anglia University have settled this matter.  However, my response to this question would be to look at the liberal solutions to any environmental “problem.”  For the average soft green, liberal, leftist, democrat environmentalist there is one obscenely predictable solution for preventing environmental doom: Exerting government power through regulation and taxation.

Thomas Friedman of the New York Times regularly claims that clean-tech is the next big thing, and divorcing our economy from oil is this generation’s moonshot.  Then, rather than propose moonshot ideas, he usually comes to the conclusion that we need to start taxing carbon.

I have recently been reading Superfreakonomics, and the authors suggest that we can cool the planet by pumping sulfur dioxide into the atmosphere from hoses suspended by balloons.  This would cost a couple hundred million dollars as opposed to cap and trade which would cost trillions.  This is a moonshot idea.  Of course to really come up with and execute a moonshot idea like this, we would actually need some scientists.