In re: Energy policy? nope

This is money laundering: we borrow money from China and ship it to Saudi Arabia and take a little cut for ourselves as it goes through our gas tanks. What a way to build our country. (Describing the results of putting in a gas tax holiday – resulting in increased consumption)

I just mentioned the gas tax of McCain recently and how dumb it is (see below), and then Hilliary Clinton jumps on the idea as well. Thankfully Obama hasn’t seen fit to give the ridiculous idea his approval as well. These candidates all have top notch economist advisers who apparently get overshadowed by their staffers who want to get dumb votes. Thomas Friedman has a good explanation of why it would be stupid in h is column “Dumb as We Wanna Be” while I don’t always agree with Friedman, he has some good thoughts on globalization and good that can come from it among other ideas, so I try to remember to read his column.

His column then proceeds to explain how we have not made any push into wind and solar power, which you can argue have strong potential both as renewable sources, but maybe right now more importantly in reducing dependency on hostile regimes (won’t have to go to war to keep our wind supply). Yet despite this he recounts the fact that all incentive programs have ceased.

While all the presidential candidates were railing about lost manufacturing jobs in Ohio, no one noticed that America’s premier solar company, First Solar, from Toledo, Ohio, was opening its newest factory in the former East Germany — 540 high-paying engineering jobs — because Germany has created a booming solar market and America has not.

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One Response

  1. You’re the one with the brains here. I’m wtchiang for your posts.

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