High Oil Prices Increase Consumption
Holman W. Jenkins Jr., Business World | June 5, 2008
When “greenies” sing the praise of high oil prices, perhaps they are praying to a false god. ++ Science is yet to produce hard evidence for climate change. ++ Emissions reduction lobbyists are ridden with corruption, and left leaning politicians overlook the efficiency of carbon taxes. ++ In fact, higher prices have led to higher investments, which logically lead to more consumption. ++ Moving away from religious posturing to a cost-benefit perspective would be the best policy for both our trees and banks.
