SMRs and AMRs

Friday, June 20, 2008

Driller Instinct

By PAUL KRUGMAN
NYT

Blaming environmentalists for high energy prices, never mind the evidence, has been a hallmark of the Bush administration.

Thus, in 2001 Dick Cheney attributed the California electricity crisis to environmental regulations that, he claimed, were blocking power-plant construction. He completely missed the real story, which was that energy companies — probably some of the same companies that participated in his secret task force, which was supposed to be drawing up a national energy strategy — were driving up prices by deliberately withholding electricity from the market.

And the administration has spent the last eight years trying to convince Congress that the key to America’s energy security is opening up the Arctic National Wildlife Refuge to oil drilling — even though estimates from the Energy Information Administration suggest that drilling in the refuge would make very little difference to the energy outlook, and the oil companies themselves aren’t especially interested in punching holes in the tundra.

But it still comes as a surprise and a disappointment to see John McCain joining that unfortunate tradition.

I’ve never taken Mr. McCain’s media reputation as a maverick seriously, because on most issues, he’s a thoroughly conventional conservative. On energy policy, however, he has in the past seemed to show some independence. Most notably, he voted against the really terrible, special-interest-driven 2005 energy bill, which was backed by the Bush administration — and by Barack Obama.

(Continued here.)

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