Our Noble-prizewinning Secretary of Energy got his wish. In his world-the classroom, the faculty lounge, the land of theory-high gas prices are good, because they will force us to drive less and shift to 'renewable' fuels; thereby reducing carbon emissions. In the real world-that in which we all live-high gas prices hurt consumers; sucking up a higher and higher percentage of take-home pay. In the real world, high gas prices hurt businesses; driving materials, production and delivery costs higher. In the real world, high gas prices are inflationary. Businesses must raise prices to offset their additional fuel costs. In the real world, higher gas prices do not cause us to shift, on large scale, to 'green' or 'renewable' fuels. Green energy is still significantly more expensive than conventional fossil fuels; even at today's prices. Most movement to 'green energy' has been driven by government mandate and subsidies; not by market forces. You are paying for something that is not economically viable because of your government. Without the mandates and subsidies, there would be no 'green energy' industry, because it is not as cost effective as conventional fuel. Everywhere the government interferes with the free market, inevitably prices rise and consumers are hurt. It has happened with energy, healthcare, food, transportation and too many other industries to count. It is time to stop this idiocy. America is not a laboratory for naive and idealistic academics to test their half-assed theories. Let the free markets decide what is best for our country.
http://www.thegatewaypundit.com/2012/10/success-just-as-planned-obama-camp-sees-gas-prices-rise-to-european-levels-at-5-per-gallon/
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