Maximize Demand, Minimize Supply and Buy the Rest From the People Who Hate Us the Most.”
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Thomas Friedman has taken a trip back from crazyville to bring us a great piece on our energy policy (for a summary, see post title), which is an embarrassment for both sides of the aisle:
Few Americans know it, but for almost a year now, Congress has been bickering over whether and how to renew the investment tax credit to stimulate investment in solar energy and the production tax credit to encourage investment in wind energy. The bickering has been so poisonous that when Congress passed the 2007 energy bill last December, it failed to extend any stimulus for wind and solar energy production. Oil and gas kept all their credits, but those for wind and solar have been left to expire this December.
