November 21, 2007
Energy Independence

Steve Chapman on the beguiling notion of energy independence:

[A]lready I can guarantee two things. First, the next president will be elected on a promise to lead the nation to energy independence. Second, the promise won't be kept.

It's enchanting to imagine swearing off foreign oil in favor of ethanol . . ., or fuels derived from . . . coal. But even if all the corn grown in this country went toward ethanol, it would cut our gasoline consumption by no more than 12 percent. So why does ethanol get treated like the prettiest girl at the prom? . . . I've got two words for you: Iowa caucuses.

As for coal, schemes to turn it into liquid fuel for cars and planes have been around for half a century — including a dismal failure launched during Jimmy Carter's administration.

It would be good to reduce our consumption of oil, if only because it would reduce emissions of greenhouse gases. But replacing oil with alternatives that also pollute misses the point. And as ethanol demonstrates, a drive for energy independence is likely to veer off into wasteful handouts to powerful interests

A better approach would be a carbon tax, which would simultaneously promote conservation, curb emissions and impartially boost environment-friendly alternatives. But a carbon tax would be a tough sell to the American public.

And why bother? Energy independence is a mirage, but it sells itself..


Posted by Wilson Mixon at 07:37 PM in Politics

The statesman who should attempt to direct private people in what manner they ought to employ their capitals would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it. -Adam Smith

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