How could the Congress screw up our energy situation any more than they already have?? The energy policy of this country is a laughing-stock disaster. A government working overtime to discourage energy generation and production. Taxation, restrictions, regulations....TOTAL ENERGY INSANITY. Between the greenies, the pandering pols, and the ethanol mob, we have a real mess on our hands...
The Dims are leading us down the road to energy destruction. It may take 5 to 10 years, but it is coming. Get ready for energy supply disruptions and high prices. The cost of producing goods and services in this country will become more expensive making our economy much less competitive.
The brain of the typical Dim has two short circuits. First, Dims want to be captains of industry without investing their own capital. Their solution is partial nationalization of the energy industry by directing investments in favored technologies and blocking investments in unfavored technologies. Dims think that the solution to energy problems is central planning of the economy.
Second, Dims do not understand the relevancy of fixed costs. Fixed costs have tremendous meaning in capital budgeting and investment decisions. To the typical Dim, a high fixed cost is just something to be subsidized away. Payback periods and return on investments have no place in the mind of the typical Dim. The typical Dim can think no deeper than the wind blows and sun shines for free. The actual costs and resources necessary to harness these free forms of energy are just inconvenient costs to subsidize.