Friedman: American energy policy is going to require some hard truths, and $4 gas

Photo by Jacob Enos. Licensed under Creative Commons license 2.0.

Now that the hub-bub over the gas tax holiday has pretty much passed from the commentary pages (funny how that happens), there is a bit of room to take a step back and think about the bigger energy picture. In his latest column, called " Truth or Consequences," New York Times columnist Thomas Friedman ( no fan of the gas tax holiday) imagines what a "mythical, totally imaginary, truth-telling candidate" would say about America's energy policy. Let's just say it's not what the remaining presidential candidates are saying. Here's the short version:

  • High gas prices are here to stay. The candidate would have to "guarantee people a high price of gasoline - forever."
  • $4 gas is good for our driving habits and so this should be the new price floor for gas. Should the market price ever drop below $4/gallon, gas taxes would be increased to keep it at $4. Payroll taxes could be reduced on anyone making less than $80,000 a year.
  • If you want to buy a big gas guzzler today, "You are buying a pig that will eat you out of house and home."
  • "Ultimately, we need to move our entire fleet to plug-in electric cars. The only way to get from here to there is to start now with a price signal that will force the change."
Darn tootin'.

[Source: NY Times, thanks to Paul S.]

Share This Photo X