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

To: Brumar89 who wrote (10391)	7/2/2009 8:34:12 AM
From: Road Walker	Read Replies (1) \| Respond to of 86355

You have faith selective taxes will lead to increased efficiency. I don't. We'll see who is right in 10 years. There are thousands of 'selective taxes' (and tax subsidies) in the code. Why? They work.

To: Brumar89 who wrote (10391)	7/2/2009 3:35:49 PM
From: RetiredNow	Read Replies (1) \| Respond to of 86355

Yes and the government didn't heavily subsidize horse like they have done for oil. So of course the market went with the better technology and the more efficient technology. In the renewable energy space and the EV space, technology has not come along faster because of the massive barriers to entry in those industries and the ongoing government subsidies of the oil industry. Under Obama, the subsidies will disappear and the barriers to entry will be alleviated through government investment in R&D, through loans, and through favorable renewable energy policies. That will directly lead to competitive substitutes for oil. Since you are an oil man, I can understand your trepidation, but let's not confuse your fear of the loss of your own job with what is good for the economy. Over the long term, this will create a great deal of new wealth for this country as we transition to renewables and remove the shackles of our oil dependence.