Politicians Should Look Abroad for the Source of Our Energy Woes

That would send the right message not only to the Kremlin, but also to U.S. markets and American energy consumers.
Robert J. Shapiro is chairman of Sonecon, LLC, an economic advisory firm in Washington, D.C., and former Under Secretary of Commerce for Economic Affairs in the Clinton administration. He is also the author of Futurecast: How Superpowers, Populations and Globalization Will Change the Way You Live and Work, (St. Martin's Press, 2008).
Reader Comments
economy
I may not have answers for our economy but every suggestion helps. ask the people for their input. quit blameing republicans and democrats. Put our heads together and lets get
ourselves out of this. I think the president should put a hold
on this TV transition. Feb. 15. People are losing their homes and cars now their TV. Lets close our boarders and take care of our selves. Easier said then done Mabey But if we don't make it so easy for them to get assistence & jobs when they are here
maybe so many wont want to come. We need to revisit some of our
welfare programs. Not enough help to do this then lets take some of the people behind the desks and let them walk the beat.
and by that I mean actually see where the money is going. Maybe
offer incentatives to people for turning in people when they see the money being misused. incentatives can work for alot of things let the people work for you, Taxes,crimes,They need help nd so does the government. Lets not be greedy anymore look where that got us morgages, interest rates, and gas prices. a little is better then nothing. We need to start capping some of the influxtion of these things. Before things get worse. I know everyone can backtrack a little. I don't mean cut in half cut down. These big conglomarates. Oil co. morgage co. banks, loan co. Real estate. Rent prices for bus. is crazy look at all the empty buildings. I would like to open a small bus. can't afford rent. So their are pioneers out there that would like to do this bring back some jobs but can't because out of the space rent.
lets all keep thinking of ways to get out of this let the people open their minds and the governent bend their ear. We
can do this United we Stand Divided we fall.
Our future economy and our competitive position in the world
Our future economy and our competitive position in the world will depend on inexpensive and abundant energy. Energy is the basis of all of the world’s economies. The country that has the lowest cost of clean energy will have a significant leg up in the future world economy.
The primary source of energy for most of the economies in the world today is oil, coal and natural gas. These are commodities that are purchased on a worldwide market. We all pay the going rate and therefore we all have the same basic cost of energy.
We are currently faced with peak oil. In the next few years our existing oil will diminish and demand will increase. Supply and demand dictates that the world wide price of oil will continue to escalate.
A new paradigm for worldwide economic competition:
The country that has the lowest cost of energy will be able to supply goods and services to the world for a lower cost or a higher profit margin. This would also mean a higher standard of living and a more robust economy for a country that has the lowest cost of clean energy.
Sufficient amounts of clean energy, will probably necessitate constructing multiple large nuclear power plants. Wind, solar, geothermal, tide and wave power are all great and will probably not be enough to meet the realistic demands of our economy.
Basically we need to:
• Add a carbon tax or cap and trade system that will sufficiently add to the cost of those who pollute. Use the revenue from this tax to subsidize alternative energy.
• Carbon and pollution cost will also need to be added to imported goods.
• Fast track the construction of nuclear power plants and utilize the technology that will transfer large amounts of power for long distances with little or no line loss.
• Add a tax to gasoline that will gradually increase, on a timescale, to a very significant amount. This tax money will go into a fund that can only be used to subsidize the purchase of the cleanest most gasoline efficient cars.
The abundant power of the nuclear plants can also be used to generate hydrogen gas. The hydrogen gas can be used in many ways; a substitute for gasoline, diesel, home heating, etc.
The gasoline tax and subsidy for the purchase of small clean cars will dramatically change the cars that are produced. The manufacturers will be scrambling to create the cars that receive the greatest percentage of the subsidy. Theoretically one could buy the equivalent of a Toyota Prius and have the government pay for one half or more.
These are drastic economy shaking ideas.
The reality of our needing to eliminate our dependence on foreign oil and the immediate and real threat of catastrophic climate change, justify and demand drastic changes.
Creating our new energy environment, and fast tracking these changes, will invigorate our present economy. Fast tracking means, environmental impact report not needed and a moratorium on lawsuits. The environmental impact of the status quo is obvious
oil energy crisis
short memories are the problem
this happened 1973 1979 etc. the energy crisis is solved by developing new technologies and new energy goals not by staying in the same short term dumb loop. the politicians need to define and enact this as the new reality instead of continuing the above.
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