A Christmas Eve Energy Absurdity, Courtesy of Bill Gates

In an interview with Bloomberg, a very fidgety Bill Gates says that renewables “have to outcompete fossil fuels.” So far, so good.

But in his next breath, Gates goes onto say that we should tilt the playing field so severely that the more costly, less efficient, completely non-scalable renewables will not have to really compete at all, thus forcing consumers to pay inexorably higher and higher prices for energy.

Because of course that’s what Bill Gates, who has more nervous tics than a hound dog in a flea farm, would say.

Check it out:

You can watch the video at this link

Here’s the full transcript, lovingly and laboriously prepared by yours truly:

Interviewer: Where do you see the role of fossil fuels going forward?

Gates: Well, we have to compete fossil fuels now. To do that properly, they you know, they shouldn't get subsidies. And in fact, a carbon tax over time should be put on so that the new, you know, say, the electric car or the plane use hydrogen. The fact it doesn't emit carbon, you're helping it get adoption.

"Those companies have skills. You know, if you want to sequester carbon or, you know, nuclear waste or there's a lot of skills if you want to make biofuels, you know, some of those companies will take the capital and skills they have. So I wouldn't, you know, say, okay, I wish they weren't there.

You know, people still you know, there's no country that can say, okay, we have zero emissions. You know, people want to drive to work. You know, in fact, the excess supply when Russia cut off its supply in the world, was sort of glad that that that was available.

And so, yes, oil and gas needs to be outcompeted and those companies need to join the effort.

[End]

Boiled down, Gates is simply saying low-carbon fuels should not have to compete in the marketplace for adoption, and that governments should spend trillions in this flailing and failing effort to force them on reluctant consumers.

And it is those consumers - you and me - who will pay for it all in the form of taxes and increasing inflation as we see our currencies devalued through the debt-funding of the subsidies.

This is all easy for a mega-billionaire like Gates to say. He’s got his billions and his handy bunker in New Zealand to which to flee when everything inevitably goes to hell as the bills start coming due.

Merry Christmas, courtesy of Bill Gates.

That is all.