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Politics : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?

To: Bearcatbob who wrote (5617)	3/4/2009 5:21:42 PM
From: RetiredNow	Respond to of 86356

I think it is fair to say that in the short term, we will see energy costs rise in this country, since oil and coal dominate our energy sources. However, over the longer term, we should see energy costs way below the levels we pay today. Altogether, I would expect to see a positive NPV. Invest today for cheaper energy in the future. I believe the full economic cost of most of our energy coming from renewables will eventually be far cheaper than our current cost of energy coming from predominantly oil and coal. I think what you are ignoring in your analysis is the positive side of the equation. You focus exclusively on the negative impacts from taxing oil and coal. Again, I'll say that it also all depends on what your tax looks like. If it is a reduction of subsidies or a direct tax on oil and coal, then my above statements have a higher probability of being true. If it is cap and trade, then I would give my conclusions a much lower probability of coming true, because cap and trade can easily be abused and manipulated by politicians to spend on things unrelated to renewable energy.