Global Warming and Oil Dependence

We could easily move in a very positive direction by slowly raising taxes on fuel and giving increasing credit for green sources. Cap and Trade might work but it will probably be so complex and screwed up that it won’t really help.The market could fix this if we just put in the right incentives (higher tax on carbon and more credits to help new energy get off the ground

It’s amazing that today your local electric utility will grudgingly give you credit for your green energy production but not pay you for any excess electricity you produce. How stupid. I recently came across a very cost efficient electricity generating solution but it would have produced more than I use and since there is no payback beyond zeroing out my bill I had to pass on the idea.

When gas prices were over $3.00 we should have put in a floor tax that would have kept them at that rate and slowly raised taxes over 10 years to European levels. I just came back from Italy and paid $6.00 per gallon. People still drive but at slower speeds and with more efficient cars mostly running diesel. And even though we have factual evidence that most bio fuels, especially corn ethanol, are worthless we just keep on going in the wrong direction. Thank the Iowa caucus for the bonehead corn ethanol direction. What a system.