SciTech

Myth of Affordable Energy

Milo.

Posted to SciTech on Tue Oct 23, 2012 at 08:34:56 AM EST (promoted from Diaries by port1080). RSS.

Maybe what we need in the White House is someone who is a real politician, a negotiator and dealmaker in the mould of a Clinton or an LBJ. Instead, we have the choice between a manager and a law professor. I'm not optimistic that either of them will be able to do what needs to be done.

That was a quote from what I found to be an interesting interview (of economist Ed Dolan)about energy policy. Another provactive one:

Subsidies for renewables are just plain wrong, even if you look at them from a hard-core environmentalist point of view. With a subsidy, on the one hand, you say, "produce more green energy" and other the other hand, you turn around and tell the consumer, "waste more green energy." We don't want to waste energy from wind or solar any more than we want to waste oil and gas. We shouldn't forget that even the greenest renewables can have significant environmental impacts.

The prescriptions given by Dolan are actually (IMHO) very level-headed.

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Re: Myth of Affordable Energy

Ephraim Gadsby.

Tue Oct 23, 2012 at 12:31:23 PM EST

none

"When the proper structural adjustments are made, countries with high fuel prices manage to achieve strong growth and full employment. Where are fuel prices lowest? If you look up the data and rank countries by retail fuel prices, you find the low-price end of the rankings crowded with countries like Egypt, Cambodia, Iran, Pakistan--not exactly economies we would like to emulate."

That's devastatingly stupid.

"Oilprice.com: Obama has made clear his desires to cut the $4 billion a year tax breaks given to oil companies. What affect do you believe this would this have on the US economy and the US oil industry?

Ed Dolan: If it is done as part of a comprehensive move toward full-cost pricing, it could only strengthen the US economy. The oil industry would whine, but if we cut subsidies and tax breaks for competing energy sources at the same time, oil will remain a competitive part of the energy mix for many years to come."

Oil companies are not under taxed or given special tax breaks.

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Re: Myth of Affordable Energy

gerrymander.

Tue Oct 23, 2012 at 01:22:31 PM EST

none

They are given "special" tax breaks, in the sense that those breaks are a third of the tax break rate all other manufacturing industries are given.

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Re: Myth of Affordable Energy

Ephraim Gadsby.

Tue Oct 23, 2012 at 12:32:58 PM EST

5.00 (brilliant)

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Re: Myth of Affordable Energy

thefadd.

Tue Oct 23, 2012 at 08:23:23 PM EST

none

wow brilliant link

I HAD HAD SEX WITH HUNTER S THOMPSON. HE CAME IN MY MOUTH AND I SWALLOWED IT. I SHOULD HAVE HAD HIS BABY. WE WOULD BE BALLIN' LIKE KOBE'S SON!!

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