Monday, July 02, 2007

Energy Honesty

Charles Krauthammer comments on how the Senate hopes to hide the true costs associated with increased energy efficiency in the recently passed energy bill. Money quote:
I have no objection to paying more to reduce our dependency on foreign energy. But it is hard to conceive of a more politically dishonest and economically inefficient way to do it than with mandates that make private industry do Congress's dirty work, hide the true cost of energy efficiency and perpetuate the fantasy of the tax-free lunch.

To me the really sad thing about the current debate on energy policy is the complete lack of discussion of the costs associated with increasing fuel efficiency the use of renewable fuels. Unfortunately, these costs will impact the poor the most because they represent a higher portion of a poor person's income than a rich person's income. In my view it is best to deal with these costs openly rather than to try to hide them in the hopes of appearing to offer a free lunch.

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