By George Landrith • Conservative Review
A lot has happened in the U.S. since 2007 – the last time Congress passed a substantive energy bill. The U.S. has gone from being a nation bereft of energy resources to become one of the world’s major energy producers. Because of the rapid development of our energy infrastructure, many on Capitol Hill argue that we need to modernize our energy laws. Both the House and the Senate have been working on energy bills to do just that – albeit through wildly different approaches.
The Senate bill (S. 2012) hardly qualifies as an effort at reform or change. In its 420 pages, it perpetuates the tired and failed “big government knows best, manages best, and spends taxpayer money best” approach to public policy.
Instead of eliminating wasteful subsidies and onerous mandates, the Senate bill too often goes in the opposite direction to manipulate market signals and further distort energy prices. [Read more...]