Monday, August 10, 2009

Dennis Kneale is either incompetent or ...

Dennis Kneale from CNBC seems as though he might be bucking for a job with Fox.

He went on and on tonight about how the only way "green" energy could become economically viable--and compete with oil-- is if it didn't have government subsidies.

I have to wonder about someone who is an economic reporter and doesn't know how much the primacy of oil depends on all kinds of subsidies and tax breaks from both federal and state governments.

Arguing as though there were some kind of level playing field between oil and "green"--as though oil earns its primacy through free market competitiveness--is either just ignorant or its dishonest.

I know that the world is made up of two kinds of people: those who believe the world is made up of two kinds of people and those who do not, but is there a third explanation for the position he takes?

So, the Lily to Dennis Kneale--who either doesn't know what he is talking about when he portrays oil as independently more viable in the "free market" or who darn well knows that he is demanding that wind and solar and such succeed without subsidy while going up against a heavily subsidized oil industry.

Maybe the subsidies should be removed from both--and maybe the government should subsidized energy sources that are better for the way the planet works and that support independence from foreign oil.

But "economics reporters" need to either say what they know is true about subsidies to various competing industries or, if they don't know it's true, go and learn about how the American economy actually works before the red light of the TV camera goes on.

So, Dennis, congratulations. You win today's "Lily."

"No matter how cynical I get, it's hard to keep up."

Lily Tomlin

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