Fantasyland Energy Policy; Field of 'Green' Dreams Can't Replace Power of Oil and Natural Gas

The Washington Times (Washington, DC), November 10, 2011 | Go to article overview

Fantasyland Energy Policy; Field of 'Green' Dreams Can't Replace Power of Oil and Natural Gas


Byline: Charles T. Drevna, SPECIAL TO THE WASHINGTON TIMES

Dreaming can be a beautiful escape - but when we mistake it for reality, we're in for a real-life nightmare. This is what is happening today with America's energy policy, and the American people are suffering as a result. Instead of basing U.S. energy policy on the world as it is, too many elected officials and special-interest groups favor an energy policy based on the world as they would like it to be - a world without fossil fuels.

These dreamers would like to put a giant do not disturb sign on the treasure trove of energy buried under our feet and off our nation's shores. They would rely on power from the sun, wind, waves and farm fields - even though the technology to use these supposed alternative energy sources efficiently and affordably in a competitive market doesn't exist.

There's another big problem with this fantasyland energy policy: It requires the elimination of fossil fuels that are proven, abundant, reliable and more affordable than the possible replacement energy sources.

How can this possibly be accomplished? One way to try is to shower billions of dollars in taxpayer subsidies on alternative sources of energy that can't compete in the free market, as the federal government has done.

Another way is to make fossil fuels more expensive and harder to produce by piling excessive taxes and regulations on the oil and natural gas sector. We see this playing out as the Congressional Joint Select Committee on Deficit Reduction (commonly called the supercommittee) is besieged by demands to impose billions of dollars in discriminatory energy taxes on the oil and natural gas sector.

These tax increases would hurt consumers and employers by raising the costs of driving, manufacturing and transporting products, and operating business. They would wipe out jobs and weaken our economy. They would make it harder for American oil and gas producers and fuel and petrochemical manufacturers to compete with foreign rivals, thereby increasing America's reliance on foreign oil, fuels and petrochemicals.

Instead of increasing the amount of tax revenue collected, these tax hikes would actually decrease tax collections because they would reduce the amount of fuels, petrochemicals, oil and natural gas produced in the United States.

Yet, almost every day, some elected official or special-interest group demands energy tax hikes to make companies in the oil and gas sector pay their fair share of taxes and stop receiving oil subsidies.

In fact, these companies already pay far more than their fair share of taxes and earn less income per dollar of sales than many other companies. …

The rest of this article is only available to active members of Questia

Sign up now for a free, 1-day trial and receive full access to:

  • Questia's entire collection
  • Automatic bibliography creation
  • More helpful research tools like notes, citations, and highlights
  • Ad-free environment

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

Fantasyland Energy Policy; Field of 'Green' Dreams Can't Replace Power of Oil and Natural Gas
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Full screen

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited passage

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.