Another day, another NRO column to comment on. Today it’s Jerry Taylor and Peter Van Doren arguing on the “myths” of energy independence. They have some interesting views on the subject, noting that:
and,
Now, they’re good libertarians from the Cato Institute, so their answer is to quit subsidizing the fuel situation, and just let the free market play itself out. I’m not so sure I agree with this; part of me would like to see a “Manhattan Project”-style effort to develop a usable alternative fuel system. But their comments about the global oil market make the article worth a read.