I do not fear dependence on foreign oil anymore than I fear dependence on Canadian bacon (or West Virginia bacon, for that matter). In a free society with an advance division of labor, everyone is dependent on everyone.
Take government out of the equation, get over the fear of dependence, and let the market decide when alternative fuels are efficient. Playing with policies, regulations, tariffs, what have you, only muddle the mess more.
Question: Now that oil is on the way down, how do the bozos in power still blame the mess on speculation? Or will the folks in Washington find another group to condemn?
Sunday, August 24, 2008
Dependence on foreign oil
Someone -- a supposed Libertarian -- asked my thoughts about our dependence on foreign oil. My response: