One frustration that I have always had with both the Republican and Democratic energy policies is that neither solves America’s energy problems. On the one hand, the Democratic strategy would result in the nation’s economic collapse in twenty years or so. On the other hand, the Republican strategy would push this collapse out about a decade relative to the Democratic strategy. Either way, America is screwed.
The Democratic plan would result in America running out of cash before it has time to develop fossil-fuel alternatives. Without increased domestic drilling, persistently high oil prices would drain many of the dollars the country could invest in alternative fuels development.
The Republican plan would allow the economy to function for a little longer because more domestic drilling would likely keep petroleum prices lower than the Democratic plan would. However, a dearth in development dollars would leave the country in the lurch once global oil supplies ultimately dwindled.
The obvious solution is to have a mixture of both. The Republican plan would serve as a bridge to the Democratic plan. That way, the country could ideally make a smooth transition from a fossil-fuel economy to a green one.
It turns out that Americans agree with this solution. According to Gallup, more than three-quarters of Americans support increased government financial incentives to produce energy from alternative sources. Two in three Americans also think the government should support or increase energy production from oil and natural gas.
Sounds like a plan to me.