Comments on the President's and the Congress' New Energy Law

[KenH]

Cato Scholar Comments on New Energy Bill

Wednesday, December 19, 2007


Jerry Taylor, senior fellow:

The energy bill to be signed by the president today is arguably the worst piece of energy legislation ever enacted into law. It will substantially increase the price of automobiles, increase highway fatalities, increase fuel prices, worsen air pollution, and force consumers to buy products (like super-efficient light bulbs) that they manifestly -- and for very good reason -- do not want to buy. It will transfer huge amounts of wealth from the consumer to the farm lobby in the course of promoting a dubious product -- ethanol -- that will make energy supplies less reliable and greenhouse gas emission higher than necessary.​

- www.cato.org/pressroom.php?display=comments&id=782

 

[poncho]

Can't have a shiney brand new world order while the good ole USA still stands strong. Divided, flat broke and willing to accept their grand global solution is how they want us. Bout there now.

 

[Sgt. Fury]

Everything the government geets involved in turns to poo. Just about everything in that bill should be driven by the market. Let the market decide what products we want. Even with all the hype about global warming and the very real high gas prices, hybrid automobiles have less than 3% of the market.

Meanwhile, with gov't mandates on ethanol production, etc, we can barely afford breakfast cereal any more thanks to skyrocketing corn prices.

Constitution anyone?

 

[just-want-peace]

Constitution anyone?

What's that????

 

[Bro. Curtis]

I hear we gave it to Iraq, since we weren't using it anymore.

 

[poncho]

Then demanded ithe Iraqis set it aside to benefit the global banks and oil barons.

 

[Alcott]

Constitution anyone?

If so, take Milk of Magnesia.

 

[carpro]

Cato Scholar Comments on New Energy Bill

Wednesday, December 19, 2007



Jerry Taylor, senior fellow:

The energy bill to be signed by the president today is arguably the worst piece of energy legislation ever enacted into law. It will substantially increase the price of automobiles, increase highway fatalities, increase fuel prices, worsen air pollution, and force consumers to buy products (like super-efficient light bulbs) that they manifestly -- and for very good reason -- do not want to buy. It will transfer huge amounts of wealth from the consumer to the farm lobby in the course of promoting a dubious product -- ethanol -- that will make energy supplies less reliable and greenhouse gas emission higher than necessary.​

- www.cato.org/pressroom.php?display=comments&id=782

And will do absolutely nothing to make us energy independent.