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  • Why "Drill, Baby, Drill!" Does Not Translate Into Effective National Energy Policy [View article]
    Market forces are not necessarily the best mechanism. Market forces encorage pollution - only government accomplished a rollback of air and water pollution in the US.

    As an American living in France, I think the Americans could learn something from looking outside their national borders. The French get 80% of their electrical power from nuclear and another 12% from hydro. Per capita French energy consumption is 60% per cent of the Amerian level and the average Frenchman emits six tons of carbon dioxide versus twenty one tons for the average American.

    You can live in France and live well without owning a car due to one of the best public transport and train systems in the world. I can hope on a train and be in London's center in 2 hours and 15 minutes.

    And this system, which clearly to superior to the American system in terms of energy independence, global warming, and efficiency, was not a market developement, but a political decision.

    As an economist, I regret having to remind some of you that markets are means to ends, not sacred cows.

    Sep 22 16:53 pm |Rating: 0 0 |Link to Comment
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