Government fuel choices costly in energy policy

06/27/2005
The making of energy policy is at its worst when policy-makers assign themselves responsibility for decisions best left to markets.Omnibus energy legislation is taking the US down that dangerous path.The bill under discussion in the Senate has taken aboard a renewable-fuel mandate for generators of electricity. It already had an expanded mandate for renewable fuel, meaning ethanol, in gasoline.And it’s much more generous than the House bill with tax breaks for politically preferred energy consumption and production technologies that now don’t pass economic muster.The conference that eventually must try to reconcile the House bill with whatever the Senate passes will be messy. ...
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