Cheap energy today: The best friend and salvation of the poor | AEIdeas
"”Somehow we have to figure out how to boost the US price of gasoline to the levels in Europe.” ~Stephen Chu, US Secretary of Energy
“Under my plan of a cap-and-trade system, electricity rates would necessarily skyrocket.” ~President Barack Hussein Obama
Willis Eschenbach responds (emphasis mine) on Watts Up With That (the world’s most viewed site on global warming and climate change):
Here’s my problem with these brilliant plans.
Regardless of whatever hypothetical possible future benefit they might or might not bring in fifty years, right here and now in the present they are absolutely devastating to the poor."