The reality is gas prices should be much more expensive then they are because we’re not incorporating the true damage to the environment and the hidden costs of mining oil and transporting it to the U.S. Whenever you have an unpriced externality, you have a bit of a market failure, to the degree that eternality remains unpriced.
You’re never going to get the amount of CO2 emitted to go down unless you deal with the one magic metric, which is CO2 per kilowatt-hour.
Recently though, our State Governments have discussed instigating a carbon trading scheme – the details are still to be decided – and that’s an encouraging sign.
True conservation provides for wise use by the general public. The American people do not want our resources preserved for the exclusive use of the wealthy. These land and water resources belong to the people, and people of all income levels should have easy access to them.
Right now there should be a moratorium on the cutting down of old growth in this country. That is a small thing to ask at this point. There is only four percent of old growth left. Ninety-six percent of it has been cut down.
The earth only has so much bounty to offer and inventing ever larger and more notional prices for that bounty does not change its real value.
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