Is America’s Energy Policy Perverse?

The U.S. is the only country in the world that, as a matter of policy, does not develop its own energy reserves. It is hard to see a rational basis for that policy. Energy is an important component in every physical object that is manufactured and shipped. If a country is not competitive in energy, it is not competitive, period. A Facebook friend writes:

PETROBRAS BRAZIL DISCOVERS TRILLION-DOLLAR CRUDE OIL FIND. AND AMERICA IS F****** AROUND WITH USELESS BATTERY-POWERED GOLF-CART CHEVY VOLTS?

Well, yes. The difference is that Brazil wants to become richer and more powerful. I think there are many in the Obama administration who think it is unjust that we are richer and more powerful than Brazil and many other countries. So they design policies that are intended to retard our progress so that others can catch up. If you think this makes any kind of sense, you are undoubtedly a Democrat.

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