Sunday, March 25, 2012

Double energy research, end subsidies | The Tennessean

U.S. Senator Lamar Alexander has an article in the Tennessean which articulates the view of many economists.  The route to cleaner energy is through funding the development of cleaner energy - not by subsidizing production.
Double energy research, end subsidies | The Tennessean |
"This week, the U.S. Senate is likely to vote on President Obama’s plan to end oil subsidies and extend wind-power subsidies.
If we really want to lower fuel prices, we should instead double energy research. To pay for it without adding to the federal debt, we should stop wasteful, long-term subsidies to both “Big Oil” and “Big Wind.”
Look at shale gas, now being produced thanks to energy research. The U.S. suddenly has a 100-year supply of natural gas at one fourth the prices in Europe and Asia. This will lure manufacturing jobs and provide cheap fuel for cars and trucks."
The full article can be read at the Tennessean

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