Obama and Coal: Send Americans 'Price Signals' on Energy

Back to blog

Energy Prices Must Reflect their Actual Costs

If you have not yet figured it out, our energy system is flawed and supports a variety of unsustainable and short-sighted development patterns. Artifially low energy costs have led in part to the increase in the size of our cars, houses, and commercial spaces to the extent that people cannot afford their mortgage payments. A cap-and-trade system is one option (endorsed by both presidential candidates) that will likely raise the cost of energy while providing additional revenue for advances in energy efficiency and cleaner energy sources. Higher energy prices need not mean the decline of our economy but rather present an opportunity to develop a smart energy enconomy where jobs are created to make homes and buildings more efficient. This is money better spent than continuing to destroy our air and water by extrating and burning hydrocarbons.

Aaron S. of TX @ Nov 03, 2008 11:22:30 AM

Why is the average american so short sighted?

With all the promises from Obama for tax cuts and health care, a green world and so on... why aren't the masses asking where will the money come from! It's amazing.

Cindy of CA @ Nov 03, 2008 11:20:59 AM

Scared to death

Obama is nuts. Get ready for at least a two year ride down the path of socialism, increased taxes....basically turning into Europe.

of IL @ Nov 03, 2008 11:13:36 AM

Back to blog

Add Your Thoughts
About You
Capital Commerce

Capital Commerce

U.S. News business reporter Matthew Bandyk examines the issues, people, and debates that shape the nexus of political and economic life in the nation's capital.

advertisement

advertisement

Subscribe

U.S. News Digital Weekly

A weekly insider's guide to politics and policy — in a multimedia, digital format. 52 issues for $19.95!

U.S. News & World Report

6 months of U.S. News & World Report's print edition for only $15. Save up to 67% off the cover price!