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Energy Policies and Political Double Speak

Energy Policies and Political Double Speak

2011-05-17
Source: OilPrice.com

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This essay highlights the reason I loathe politics. Here I present a case in which politicians present a partial story and withhold key findings in order to push a specific agenda. But their trump card is that if things don’t go as planned they can assign blame elsewhere. The media is complicit because they have simply lapped up the claims uncritically without having a look at the original source material.

Before I get into that, I want to make one thing crystal clear. I want to see oil consumption in the U.S. drop significantly. But to the extent that we require oil, I would like to see that oil produced domestically. I have offered very specific proposals on how to achieve these goals here and here. So those who suggest that I am simply defending oil companies are way off the mark. These people are intellectually lazy (for example), and fail to see the distinction between a blanket defense of oil companies and arguments against politically driven agendas that will have ultimately undesirable consequences for U.S. energy policy. What I want to avoid is policies in place that discourage domestic production, do nothing to address overall consumption, and result in higher imports. These are the risks I see in the current Democratic proposals being floated, and as I show here once you get past their spin their own analysis warns of that risk.

Lies and No-Brainers

In order to combat the idea that they are going to raise your gas prices, Senate Democrats asked the Congressional Research Service to look into the elimination of specific tax deductions for oil companies. The results, unsurprisingly, are being used very selectively:





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