Let the Energy Rationing Games Begin

Senate EPW kicks off cap-and-raid debate, set to hear from over 50 witnesses

Washington, DC – As the Senate Environment and Public Works Committee formally kicks off its global warming debate, Thomas J. Pyle, president of the pro-market American Energy Alliance (AEA) issued the following statement:

“The fundamental goal of this global warming legislation is to make affordable and reliable energy sources more expensive and to mandate the use of inefficient,intermittent and costly forms of energy, period.

“More important than anything you hear at this week’s hearings, is what you won’t hear. Proponents of energy rationing legislation will not mention the fact that oil, gas and coal are required to build solar panels, wind mills, energy efficient windows, doors, and appliances. These traditional and reliable energy forms are required to build hybrid and electric cars, trucks and buses.Cap-and-trade backers will not address the fact that traditional energy sources remain the linchpin to our manufacturing base and our economic competitiveness and will continue to for a long time to come. And by making those job-creating energy sources more expensive, senators that support this legislation are working to curb prosperity and the American way of life as we know it.”

READ MORE

IER Policy Blog: The U.S.doubles down on solar subsidies while Europe retreats

IER Policy Blog: Levelized Cost of New Electricity Generating Technologies

#####