Here’s something I forgot to mention in my post on subsidies for energy companies: If you want to reduce the amount of subsidies to oil companies, let them drill on U.S. lands, such as ANWR, which are off-limits to them now. Come again? About a fifth of the money that the Environmental Law Institute considers to be subsidies to oil companies are credits due them under […]
Energy
How about no subsidies?
In the comments section [of The Michigan View], “Hugh McD” challenges Henry Payne’s assertions that alternative energy sources are uneconomical. McD says that fossil fuels received a $72 billion subsidy over a six-year period. The source of McD’s statement is the Environmental Law Institute, admits that “green” energy gets a lot of green, even by the institute’s standards: $29 billion–and that for energy sources that supply […]
Don’t Buy Our Stuff
If you need evidence of the strange quality of government-managed business, look no further than your energy companies. Imagine for a minute that your cable TV company sends you a letter that says “We’ve been monitoring your use of pay-per-view movies, and we found that you buy 20 percent more movies than your neighbors. Here are some ideas for reducing your purchases of movies: …..” […]
Upton the Bulb Banner
Fred Upton, the Republican responsible for setting in place the impending ban on the incandescent light bulb, is getting more attention, this time from Politico, which notes that his rival for the chairmanship of the House committee with jurisdiction over energy policy is hoping to score some political points. Politico says that Upton, who hails from Michigan’s Sixth district (Kalamazoo/Benton Harbor) has defended the ban, saying […]