The U.S. Senate did a couple of very stupid things regarding energy policy yesterday. In both cases, Democrats were unable to get the 60 votes needed to stop a Republican filibuster.
OK, I can understand the logic of rejecting a windfall profit tax on the big oil companies; the argument *can* be made that this would ultimately lead to higher gas prices and even more dependence on foreign oil (although, in this case, the companies could avoid the profit tax by investing those runaway profits in renewable energy technology).
But for the life of me, I can’t see the argument against extending tax credits for homeowners installing renewable energy:
“Shortly after the oil tax vote, Republicans blocked a second proposal
that would extend tax breaks that have either expired or are scheduled
to end this year for wind, solar and other alternative energy
development, and for the promotion of energy efficiency and
This is incredibly shortsighted. It increases dependence on foreign oil, increases demand, and contributes to the myth that our current energy supplies are limitless. And then people wonder why it costs $70 to fill up their SUVs, and why they can’t even sell those SUVs.