Wednesday, May 30, 2007

bravo for higher gas prices

That's what Robert Samuelson thinks politicians should be saying, instead of launching investigations. And he's basically right. Heck, $3.20-something isn't even high enough if, as Samuelson points out, we want to put a dent in carbon emissions from cars or in our dependency on foreign oil.

Our gas and other energy costs are still far cheaper than almost all other countries, discounting a few places like Venezuela that have oil and discount it for domestic consumption and political benefit. Slapping much greater taxes on gasoline, natural gas, and other carbon-based non-renewable energy resources will make alternative energies more competitive and more attractive as investments -- and hey, you can dedicate the extra revenues from those new taxes to research on alternative energy.

So yes, I'll say it. Bravo for higher gas prices.

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