Saturday, July 24, 2010

Green energy solution: Tax the bad stuff


It's much easier to look for a magic solution than it is to adapt to reality. Take energy, for instance. These days "clean energy," also known as "green energy," is being presented as the magic solution for global warming, our dependence on foreign oil, and the BP (BP) disaster in the Gulf of Mexico. Maybe even for warts and bad breath. A typical example of the hype, from one of President Obama's speeches about BP: "The tragedy unfolding on our coast is the most painful and powerful reminder yet that the time to embrace a clean energy future is now."

But embracing a future -- whatever that means -- isn't the same as solving a problem. That's a lesson I learned almost 40 years ago, the first time I realized there was an energy problem in this country.

See full Article.