June 21, 2010
YOU TAX WHAT YOU DON'T WANT:
Obama's energy pipe dreams (Robert J. Samuelson, June 21, 2010, Washington Post)
Just once, it would be nice if a president would level with Americans on energy. Barack Obama isn't that president. [...]Posted by Orrin Judd at June 21, 2010 5:45 AMUnless we shut down the economy, we need fossil fuels. More efficient light bulbs, energy-saving appliances, cars with higher gas mileage may all dampen energy use. But offsetting these savings will be more people (391 million vs. 305 million), more households (147 million vs. 113 million), more vehicles (297 million vs. 231 million) and a bigger economy (almost double in size). Although wind, solar and biomass are assumed to grow as much as 10 times faster than overall energy use, they provide only 11 percent of supply in 2035, up from 5 percent in 2008. [...]
The outlines of a pragmatic energy policy are clear. A gradually increasing tax on oil or carbon would nudge people toward more energy-efficient products, including cars. Any tax should be part of a budget program that includes major spending cuts. This is a better approach than the confusing cap-and-trade proposals -- embraced by the House and the administration -- that would inevitably be riddled with exceptions and preferences.
