The hue and cry by some people for an energy policy is really a demand for the government to dictate the policy.
A CEO from a Fortune 100 U.S. company at Notre Dame’s Sustainability Forum said, “We have no call to arms … Drill baby drill only has the notion of doing something even though, economically it doesn’t mean one gosh darn thing … Right now we just have a vacuum.”
He went on to say, “We need leadership … Someone to lead me … Set a price on carbon.”
Since when does this country need a man on a white horse to tell us what to do?
The policy advocated by the group at this conference wants government to dictate where to build new transmission lines, regardless of what states and their residents want. It wants the government to mandate a nationwide renewable portfolio standard of at least 20%. And, to dictate the building of wind farms.
At the core of this policy were the CEO’s key words, “set a price on carbon.”
Setting a price on carbon to cut CO2 emissions 80% by 2050 is at the core of the “energy policy diktat.”
Setting a price on carbon would kill coal, force the building of wind power, force the building of solar and eventually kill natural gas power generation because it too will pay the carbon tax that gets bigger and bigger over time.
In other words, it will kill all the inexpensive methods of generating electricity while forcing the construction of the most expensive ways to generate electricity.
Unfortunately, the mere threat of a price on carbon is distorting the energy market and causing new coal-fired power plants to be abandoned while encouraging expensive wind power.
The mere threat of a tax on carbon is endangering our supply of electricity and causing the price of electricity to increase. For a more detailed explanation of why there will be an energy shortage with cap and trade or a tax on carbon see:
We need to eliminate the overhanging political threat of cap and trade, a carbon tax or EPA regulations if we want the least expensive energy and the most dynamic job creating economy.
CEO’s with a vested interest in establishing controls over CO2 emissions should be seen for what they are, rent seekers trying to earn money at the expense of the Americans public.
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