The world will want to live like Americans who largely produced their wealth using fossil fuels. So when this happens it will drive up the price of fossil fuels. Therefore we should artificially raise the price of fossil fuels for ourselves so we’ll use less so the rest of the world gets cheaper oil? This just doesn’t make sense. Instead, why not let the market dictate the price. If it goes up as Friedman predicts that will be more than enough incentive for wind mills and solar panels. Besides weren’t we told there really wasn’t enough oil off shore to bother pumping? Who would have thought it could have gushed and gushed and gushed? In the 70s many learned experts told me we’d be all out by now.
52 Democrat Senators can’t pass this bill, and it’s the fault of the Republicans?