True to form, the highly touted energy bill does zip, zero, nada towards getting more energy. If the politicians were honest, they would have called it a conservation bill. The highlights of the bill are changing light bulbs, mixing bio-fuels with fossil fuels, and squeezing the auto industry into the go-cart business. OK, the last one is a bit of hyperbole, but it is a prime example of the upside-down thinking in how to solve our demand for energy by nationalizing the auto industry without actually nationalizing the auto industry.
The government’s Energy Information Administration reports that U.S. crude oil field production declined to 1.9 billion barrels in 2005 from 3.5 billion in 1970, and the share of our oil that is imported has increased to 60% from 27% in 1985.
In a purely economic sense, this bill does nothing to increase supply and everything to limit demand, as if we can conserve our way out of being dependent on foreign oil.
And from a March 2005 post, Energy Policy Isn’t . . .
For the liberals and the democrats in general, it seems their idea of an energy policy is to do whatever you can to not use it. But more than that, it’s also important not to get it. We declare oil and coal fields national parks. How does that reduce dependence on foreign oil? It’s been over 3 years now that the President’s energy policy has been ignored. The time for a change is long overdue.
Absolutely nothing has changed.