SMRs and AMRs

Saturday, August 09, 2008

Energy Fictions

NYT editorial

A toxic combination of $4 gasoline, voter anxiety and presidential ambition is making it impossible for this country to have the grown-up conversation it needs about energy.

The latest evidence comes from Senator Barack Obama, who in less than a week has reversed his stance on tapping the Strategic Petroleum Reserve, softened his opposition to offshore drilling and unveiled an out-of-nowhere proposal to impose a windfall profits tax on the oil companies and funnel the money to consumers in the form of a $1,000 tax rebate.

Compared with his slightly hysterical opponent, Mr. Obama had been making good sense on energy questions, and his recent speeches had included a menu of proposals for energy efficiency, conservation, alternative fuels and new technologies.

Yet public opinion polls showing deep voter discontent with fuel prices — and Senator John McCain’s steady pounding on the issue, including television ads blaming Mr. Obama personally for the rise in gasoline prices — have caused high anxiety among Democrats. They also seem to have persuaded Mr. Obama, who earlier had resisted gimmicky proposals like a gas tax holiday, to strike back.

(Continued here.)

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