Assorted Energy Links
[?]
Submitted by CARPE DIEM
1. “Wind ($23.37) v. Gas (25 Cents),” in today’s WSJ: There is a reason fossil fuels continue to dominate American energy production: They are extremely cost-effective.
2. “Democrats Windfall Tax—On You,” Investor’s Business Daily: The last time the U.S. had a windfall profits tax on oil companies, the results were disappointing: 1) Domestic oil production decreased, as oil companies produced less oil, not more, b) The level of imported oil increased due to the huge tax advantage we gave foreign oil companies, and c) Revenues from the windfall tax were far less than expected, because domestic producers pumped less and nontaxed imports flooded our market.
