This is Mark Udalls energy policy: The burden of these policies falls overwhelmingly on the world’s poor, because the rich can easily pay more for their energy. I am often taken aback by well-meaning and economically comfortable environmentalists who cavalierly suggest that gasoline prices should be doubled or electricity exclusively sourced from high-cost green sources. That may go over well in affluent Hunterdon County, New Jersey, where residents reportedly spend just 2% of their income on gasoline. But the poorest 30 per cent of the US population spend almost 17 per cent of their after-tax income on gasoline.
Posted on: Wed, 02 Apr 2014 17:34:41 +0000
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