It speaks of increasing costs of energy production, but doesn't look to the reasons for the increased price. REGULATIONS AND INTERFERANCE IN MARKETS!If The US Government in particular would remove it's regulatory boot heal from the private sectors neck an economic recovery would happen so fast the economy would get whiplash.
Imagine how quickly our economy would improve if we had a concerted effort to exploit the known reserves in Oil, natural gas, coal and nuclear energy that we possess hear in the U.S. alone. There is an almost infinite supply of natural gas with more and more exploitable reserves discovered almost daily.
We have not had a new nuclear plant in thirty years. We should start building 500 new ones TODAY! That would free up trillions of cubic feet of natural gas for use as a motor fuel.
We should also unleash the use of our vast coal reserves post haste. Newer coal fired plants are virtually free of pollutants. NO, CO2 is NOT a pollutant!
Enough Malthusian non sense. The problem with the economy is not chronic, it is not natural, it is not the fault of continued sky is falling idiocy like ‘peak oil’. It rests firmly on the shoulders of the stupid political class in DC!
Most of us are aware of the implications of cheap energy on the economy. The problem is that those who make all those regulations are also aware of the control they exert over the People by keeping energy high and pushing it higher.