Al Gore on Crises Three

Written by Current Events

crisis1Al Gore was in Chicago last week, but without his PowerPoint deck. He was part of the Speaker Series, the post-Obama political craze. Gore talked about the role of carbon fuel in the world’s three crises: climate, financial, and security.

Naturally, the crowd was warm to the man who should have been the nation’s 43rd President, especially his campaign manager’s hometown, where he received 73% of the popular vote, contributing well to his national victory. (No, I haven’t gotten over the 2000 election. Have you?) A few people heckled him, yelling “Liar, Liar!”; out front, PETA had its own protest, arguing that Gore doesn’t go far enough.

Now, there are plenty of unknowns about global warming: we don’t know how quickly climate change is happening, what the ultimate effects will be, or how to reverse the damage. (Manhattan may be underwater, but Buffalo, on the shores of the world’s largest freshwater repository, may rise again!) But we do know that the climate is changing, and change is difficult. The joy that may be felt in Buffalo, Detroit, and Duluth will be offset by decimated industries, forced migration, and new dustbowls. The culprit is carbon, and Gore is right about that.

Because the U.S. is dependent on oil, we are also dependent on people who do not have America’s best interests are heart: the Saudis, Hugo Chavez, Sarah Palin. Iraq was a tasty target for the other 43rd President’s military fantasies because it has oil, unlike North Korea. Saddam Hussein was no prize, but neither are a lot of other international leaders. And at least a few of those less savory folks are in Africa, which is also rich in oil. We give these people leverage over us because we need cheap oil, so score another point for Gore.

The relationship between carbon and the financial crisis is tougher. Some of the volatility in currency and commodity markets is related; oil is priced in dollars, and most Arab nations have tied the value of their currencies to the dollar. The U.S. automakers are in trouble in part because their fleets were overloaded with gas guzzlers, but those firms have long histories of financial troubles. Most of the financial crisis is due to over-extension in the financial services sector, not commodities. Heck, the Saudis don’t use Western financial services, because Muslims do not pay or receive interest. Sure, there’s been a real-estate bust in Calgary, but oil didn’t contribute to the bust in Sacramento.

Ford and GM both sell hybrids, not that you’d necessarily know that. GM has a great new electric car scheduled for release next year, the Chevy Volt; the mystery is why it isn’t out sooner. Chrysler has been working on electric, hybrid, and hydrogen-powered cars for the last decade, but where are they? Lee Iacocca saved Chrysler during its last bailout by introducing the minivan. If TK could pull out an electric minivan this time around, maybe the company’s situation would be different.

I suspect that Gore tried to tie the financial crisis to carbon because it made for a nice three-point speech. He should have argued that the financial crisis is a contributor to the carbon crisis. Sure, a shuttered Washington Mutual branch uses less power than an open one, but that’s a small factor. Banks and investment companies have no money to fund new ventures right now, so an inventor with a great idea for renewable power generation or better battery technologies would find no easy source of funds to get the product ready for market.

Gore had a great comment: “We’re deceived by what seems to be common sense,” he said. He was talking about how people used to think pollution wasn’t a problem because the sky seemed so vast when it’s thin relative to the total size of the earth and of space. It’s a wise observation about the climate, security, and financial crises, too. All defy easy solutions, but that does not mean that they cannot be solved. With creativity and a willingness to challenge the status quo (a real challenge, not simply yelling “liar, liar” or rioting in the streets), things will change.

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