Movin’ On Down The Energy Highway
Oftentimes, legislation passed and signed into law has unintended consequences. In no policy area is this more true than the energy arena. One has to look no further than the recent deregulation debacle of the 1990’s and resulting price spikes for an illustrative example.
Further adding fuel to the fire, or jumping from the pan into the fire (please choose a metaphor),so called "fixes" usually don’t make it better. They usually make itworse.
Now we are poised to continue this trend. AB 32, pushed through by the Governor, Democrats, and a few Republicans, mandates California tooperateatunattainable levels of alternative energy as a percentage of its energy portfolio by unattainable dates.
Like many pieces of legislation,it is unattainable (that word again), will foolishly spend billions more of taxpayer dollars, will raise utility rates, and will earn even lower approval ratings for state government –all in one misguided law.
However, there is good news –the "fixers" have found a loophole and identified a new source of renewable energy they will allow to be… Read More