It’s simple, really. If financial capital was the lifeblood of the economy, energy is its food. And without it, or if it costs too much, nations the world over would be unable to sustain their peoples. The American people were given a powerful lesson on what energy price shocks can feel like this past summer, and they will not be eager to pay that price again.
But if environmentalist nutcases have their way, carbon taxes on energy will send prices through the roof once again in order to force citizens to cut way back on energy consumption.
Read the whole thing here.
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