Jeff Frankels of the Kennedy School does not back Bush's idea of opening up our offshore drilling spots. He thinks things could get a lot worse and we should hold off on drilling to reduce the price some years in the future as we may have to drill to survive should the world get crazier, damn the price.
He seems convinced that we are not doing enough to reduce greenhouse gas emissions. While he realizes that increase taxes on oil are a no-no in today's world, he advocates that we learn to live with these prices and increases taxes when the barrel price goes down. Although you don't hear the argument very often today, he argues that the best way to reduce emissions is via conservation (remember Jimmy Carter in his sweater?)
No comments:
Post a Comment