An exchange provoked by the Libertarian Response to Bush’s State of the Union Speech
Andrew L Sullivan writes…
Well, yeah, those are a couple of choices. But there are others such as biodiesel from hemp, biodiesel from other sources, hydrogen, elctric based on wind, wave, geothermal, solar, fusion etc.
Currently the market incentives for developing alternative energy are pretty badly distorted: one way of looking at half a trillion for Iraq, among other military expenditures, is as a subsidy for petroleum. There are also non-military subsidies like highway spending (actually, in a sense military spending as well, they are technically Defense Highways).
Then there is the prohibition related ban on industrial hemp, even though it can’t possibly get anybody high.
Also, corporate personhood and limited liability absolves corporations of the true costs and risks of petroleum drilling, refining and burning, thus throwing off the cost/benefit/risk of petrol against other types of energy.
Taxes and regulations fossilize the market, destroying the natural turbulence that keep new companies from forming and rising and artificially keeping the big players securely on top.
That, and the SS system, keeps potential venture capital locked up.
The linkage of health care to employment is another system that keeps people, on the margin, as corporate employees rather than starting up entrepreneurial ventures, and the government school system teaches regimentation and unthinking leader-following for the purpose of
docile corporate and government employment.
Those are just a few of the factors.
Steve Kubby’s Energy Policy:
Originally posted at pauliecannoli wordpress