This letter to Congress was sent by American Energy Alliance, Americans for Prosperity, Club for Growth, Council for Citizens Against Government Waste, Freedom Action, The National Center for Public Policy Research, and Sixty Plus Association. It is reproduced here for its educational value in the general debate over special government favor to politically correct energies.
Dear Senator:
We strongly oppose extending the production tax credit and reviving the 1603 Treasury grant program. The U.S. is risking the energy equivalent of the housing meltdown through a continuation of these policies. Electricity prices are already increasing and these programs will only fuel the increase. Other nations’ economies are already reeling from the much higher electricity prices such sources mean for industry and families.
It is increasingly clear that the intervention of politicians and bureaucrats in the energy sector has had devastating economic consequences and led to embarrassing scandals.…
Continue ReadingPresident Obama’s February 23 speech at the University of Miami supplemented his energy views in the State of the Union address and his 2013 Fiscal Year budget submitted to Congress. Playing defense in the face of high gasoline prices and an oil and gas boom not of his making, Obama’s pitch was long on misdirection and spin and short of true market-base reform.
Make no mistake: the President’s energy universe centers around curtailing the use of fossil fuels, in particular coal, due to fears that carbon dioxide (CO2) produced from combustion will cause catastrophic global warming. This motivation will guide future energy policies until the Obama era is over.
The United States has the most abundant fossil fuel reserves in the world, the greatest agriculture system, and the most innovative population, all of which should ensure prosperity for centuries. …
Continue ReadingThe Property and Environment Research Center (PERC) is the nation’s oldest and largest institute dedicated to improving environmental quality through private property rights and markets.
Founded 30 years ago in Bozeman, Montana, PERC began as a think tank where scholars documented how government regulation and bureaucracy have led to environmental degradation. At the same time, they sought to explain how markets could be harnessed to improve environmental quality. From this work originated the idea of free market environmentalism.
What is FME?
PERC senior fellow emeritus Richard Stroup has written a 2,400-word essay on free market environmentalism (FME) for the Library of Economics and Liberty. “Free-market environmentalism emphasizes markets as a solution to environmental problems,” explains Stroup. “Proponents argue that free markets can be more successful than government—and have been more successful historically—in solving many environmental problems.”…
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