Energy policy has become a nexus through which so many seemingly disparate issues connect. Energy affects the economy because of fuel prices and production costs. It affects national security because of our dependence on oil from foreign countries, including some that use their oil profits to fund terrorists and other destabilizing forces. It affects the environment and public health because energy consumption creates pollutants that contribute to global warming, smog, and the presence of irritants and toxins in the atmosphere. (And when you get down to it, every one of those other issues carries an added economic cost with it.) It’s not surprising, then, that energy policy has become a significant issue in the current presidential election. It seems like a good idea, then, to look at the two major candidate’s plans as a starting point for a discussion of where we should go in the future.
Both George W. Bush and John Kerry provide outlines of their plans on their websites. Both outlines are extremely vague on a number of points, such as Bush’s claim that he “remains actively engaged with our friends in OPEC, as well as non-OPEC producers from around the worldâ€? in order to reduce gas prices or Kerry’s non-specific promise to “improve fuel efficiency of cars to reduce our dependence on foreign oil.â€? How are you going to engage them? What’s the payoff of the engagement? How much are you going to increase efficiency? How will you motivate manufacturers to make those improvements? Even in those vague statements, however, there are clearly differences in priorities, and there are some concrete proposals to consider as well. Read the remainder of this entry »