EDIT: Anyway, this delightful article is the basis of much of my rejection of his position: http://physics.ucsd.edu/do-the-math/2011/10/the-energy-trap
Large negative externalities involved and the markets are very short-sighted. Sure, current government interventions can have plenty of holes poked in them. Green energy sources are inadequate and expensive right now. This makes it more important to invest in them, not less. Otherwise, we'll stay with profitable cheap coal until it's too late. "Politically, the Energy Trap is a killer. In my lifetime, I have not witnessed in our political system the adult behavior that would be needed to buckle down for a long-term goal involving short-term sacrifice. Or at least any brief bouts of such maturity have not been politically rewarded. I’m not blaming the politicians. We all scream for ice cream. Politicians simply cater to our demands. We tend to vote for the candidate who promises a bigger, better tomorrow—even if such a path is untenable." If you believe in the Energy Trap, which I do, you end up dismissing a lot of economic and political arguments with a hand-wave.