As yet another example of a bureaucracy gone completely nuts, consider the International Energy Agency. IEA started out in the 1970s as a consortium of Western nations organized to counteract the oil price shocks imposed by OPEC in those years. That seemed reasonable enough. But somewhere along the line, gradually, the mission, let us say, evolved. Today, IEA is fairly described as a center of advocacy for elimination of fossil fuels from the world’s energy supply.
In May 2021 IEA published a big Report with the title “Net Zero by 2050: A Roadmap for the Global Energy Sector.” You might get the impression from the title and some of the text that this could be just a few helpful “how to” tips on reducing emissions. But you don’t need to get too far into the document to figure out that it’s really another one of those crazed demands for immediate […]
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