Democrats and energy

Democrats newly in control of the US Congress have a unique opportunity to act constructively on energy. The political party they defeated in elections this month abandoned the high ground of energy realism. Seldom does an incoming party get such a chance to steer a foundering policy quickly onto reasonable course.To do that, however, Democrats will have to turn away from past rhetoric. Speaker-to-be of the House Nancy Pelosi of California has blustered about ending tens of billions of dollars of tax “give-aways” to “Big Oil.” She won’t make good on the promise. The tax code isn’t as generous as populist mythology claims it to be, least of all to big oi...

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