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DirkH says:
kramer says:
December 23, 2010 at 12:09 pm
““The existence of an artificially cheap energy system leads to an economy which grows to rapidly relative to what it would be if we had efficient pricing and a full cost ”
~1:50 in the following video:
http://www.youtube.com/watch?v=Za8SGVBSOMM
”
Interesting. She correctly points out that higher energy prices leads to less demand of labor (but uses different words than me; saying it would lead to less hours worked per year, which is economically the same thing). Calling the energy in America “artificially cheap” is of course a distorted worldview – as if energy naturally has to come with taxes that are twice as high as the value of the energy (in Europe, tax on gasoline is usually about 70% of the price at the pump). So, she has a kind of a working brain, but one where up is down and down is up.
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Bruce says:
From yesterday:
“”I think we’re going to have a very amiable and frankly enjoyable time addressing these things,” said a confident Republican Senator James Inhofe”
Ouch! Popcorn. Get some. Could be a three bagger.
(via Tom Nelson)