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Quote of the week – Krugman’s LOL on skeptics
...When I read what Paul Krugman said, I laughed out loud. He’s truly clueless.

Here’s the context:

WILL: Speaking of the marketplace, the biggest industry in the world right now may be fighting climate change. There are billions, trillions of dollars on the table, and when you say, well, they are academics and they are scientists and they talk in funny ways — academics are human beings, and the enormous incentive to get on the bandwagon on global warming, the financial incentive, the market driving this, is huge.

KRUGMAN: There is tremendously more money in being a skeptic than there is in being a supporter.

WILL: Hardly.

KRUGMAN: It’s so much easier, come on. You got the energy industry’s behind it. There are 20 times as many believers as there are skeptics in the scientific community. They get almost equal time in the media.

(CROSSTALK)

WILL: Is there a larger venture capital firm in this country than the Energy Department of this government, which right now is sending out billions and billions of dollars in speculation on green energy?

Noel Sheppard writes:

Skeptics get almost equal time in the media? Yeah, that’s why this appears to be the first time ABC addressed this ClimateGate issue.

As for there being more money in being a skeptic than there is in supporting this myth, the facts say otherwise.

The Science and Public Policy Institute issued a report on the money involved in funding the global warming debate in August concluding, “Over the last two decades, US taxpayers have subsidized the American climate change industry to the tune of $79 billion.”

By contrast, the same study found that the media bogeyman “Exxon Mobil gave a mere $23 million, spread over ten years, to climate sceptics.”...