Politics of Energy Message Board

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Politics : Politics of Energy

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To: Bearcatbob who wrote (3204)	11/29/2008 7:07:53 AM
From: RetiredNow	Read Replies (4) of 86352

Bob, you make a great show of arguing rationally and then you don't address the massive subsidies our government makes to keep oil priced as low as possible. In economics, we price in externalities so that the true costs are known and accounted for in the market place. If we were to place a true price on oil, then we'd price in the cost of securing our shipping lanes to transport oil, the wars and other security apparatus we pay for that is directly tied to ensuring we have a ready supply of oil, the environmental impacts that lead to health issues like asthma and lung disease in our most polluted cities, the below market leases on government land given to the oil companies, and the direct tax subsidies we give to the industry. Take all of that into account and I'd bet alternatives would start to look very competitive. However, there is a stubborn refusal of many folks in this country to look at these things holistically? Why is that? I don't think most people are malicious and don't blame them, rather I believe most are just uninformed or undereducated in economics. I do blame the very effective PR and lobbying machine of the oil companies, though.

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