Posted by: Nathan Schulzke | February 2, 2010

More Clean Energy Nonsense

Via the Institute for Energy Research

[Obama’s budget] contained $36.5 billion in new taxes over ten years on the oil and gas industries, while heaping new billions in taxpayer support for politically-favored energies.

The White House budget request claims that, “Oil and gas subsidies are costly to the American taxpayer and do little to incentivize production or reduce energy prices.” In the first place, it is odd to hear the White House worrying about high energy prices, and also to hear it deny that tax policy gives incentive for production.

Both of these points flatly contradict the whole philosophy behind the White House’s favored cap-and-trade scheme, which is expressly designed to (a) raise the price of fossil-based energy and (b) reduce the incentives to use such energy sources. The White House can’t have it both ways: Do they want higher energy prices (cap-and-trade) or don’t they? And do they think government policies influence energy production, or don’t they? If they claim tax hikes on the oil and gas industries won’t have any incentive effects on production or jobs, then how can they claim that “green investments” will create jobs in the solar and wind industries?

Of course, with the media behind them, the Democrats won’t have to answer any of these tough questions in front of the voters, and so they know they can get away with it.  What fun.

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