Jeremiad

Let's hear it for Jeremy Grantham, Vice President Cheney's investment manager, who has written a scathing critique of US energy policy, with particular disdain heaped on the Bush administration's stance on global warming and fuel efficiency. Cheney, remember, was largely responsible for crafting that energy policy behind closed doors. Mr. Grantham writes:

Successive U.S. administrations have taken little interest in either oil substitution or climate change, and the current one has even seemed to have a vested interest in the idea that the science of climate change is uncertain. ... there is now nearly universal scientific agreement that fossil fuel use is causing a rise in global temperatures. ...The U.S. is the only country in which environmental data is steadily attacked in a well-funded campaign of disinformation (funded mainly by one large oil company).

Entitled, "While America Slept, 1982-2006: A Rant on Oil Dependency, Global Warming, and a Love of Feel-Good Data," Grantham's four-pager was sent to all of his clients, including the vice president. Take that, Dick!

Brent Arends at TheStreet.com delivers the story.