Home
In this issue
April 21, 2014

Andrew Silow-Carroll: Passoverkill? Suggestions to make next year's seders even more culturally sensitive

Sara Israelsen Hartley: Seeking the Divine: An ancient connection in a new context

Christine M. Flowers: Priest's execution in Syria should be call to action

Courtnie Erickson: How to help kids accept the poor decisions of others

Lizette Borreli: A Glass Of Milk A Day Keeps Knee Arthritis At Bay

Lizette Borreli: 5 Health Conditions Your Breath Knows Before You Do

The Kosher Gourmet by Betty Rosbottom Coconut Walnut Bars' golden brown morsels are a beautifully balanced delectable delight

April 18, 2014

Rabbi Yonason Goldson: Clarifying one of the greatest philosophical conundrums in theology

Caroline B. Glick: The disappearance of US will

Megan Wallgren: 10 things I've learned from my teenagers

Lizette Borreli: Green Tea Boosts Brain Power, May Help Treat Dementia

John Ericson: Trying hard to be 'positive' but never succeeding? Blame Your Brain

The Kosher Gourmet by Julie Rothman Almondy, flourless torta del re (Italian king's cake), has royal roots, is simple to make, . . . but devour it because it's simply delicious

April 14, 2014

Rabbi Dr Naftali Brawer: Passover frees us from the tyranny of time

Greg Crosby: Passing Over Religion

Eric Schulzke: First degree: How America really recovered from a murder epidemic

Georgia Lee: When love is not enough: Teaching your kids about the realities of adult relationships

Cameron Huddleston: Freebies for Your Lawn and Garden

Gordon Pape: How you can tell if your financial adviser is setting you up for potential ruin

Dana Dovey: Up to 500,000 people die each year from hepatitis C-related liver disease. New Treatment Has Over 90% Success Rate

Justin Caba: Eating Watermelon Can Help Control High Blood Pressure

The Kosher Gourmet by Joshua E. London and Lou Marmon Don't dare pass over these Pesach picks for Manischewitz!

April 11, 2014

Rabbi Hillel Goldberg: Silence is much more than golden

Caroline B. Glick: Forgetting freedom at Passover

Susan Swann: How to value a child for who he is, not just what he does

Cameron Huddleston: 7 Financial Tasks You Should Tackle Right Now

Sandra Block and Lisa Gerstner: How to Profit From Your Passion

Susan Scutti: A Simple Blood Test Might Soon Diagnose Cancer

Chris Weller: Have A Slow Metabolism? Let Science Speed It Up For You

The Kosher Gourmet by Diane Rossen Worthington Whitefish Terrine: A French take on gefilte fish

April 9, 2014

Jonathan Tobin: Why Did Kerry Lie About Israeli Blame?

Samuel G. Freedman: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Jessica Ivins: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Kim Giles: Asking for help is not weakness

Kathy Kristof and Barbara Hoch Marcus: 7 Great Growth Israeli Stocks

Matthew Mientka: How Beans, Peas, And Chickpeas Cleanse Bad Cholesterol and Lowers Risk of Heart Disease

Sabrina Bachai: 5 At-Home Treatments For Headaches

The Kosher Gourmet by Daniel Neman Have yourself a matzo ball: The secrets bubby never told you and recipes she could have never imagined

April 8, 2014

Lori Nawyn: At Your Wit's End and Back: Finding Peace

Susan B. Garland and Rachel L. Sheedy: Strategies Married Couples Can Use to Boost Benefits

David Muhlbaum: Smart Tax Deductions Non-Itemizers Can Claim

Jill Weisenberger, M.S., R.D.N., C.D.E : Before You Lose Your Mental Edge

Dana Dovey: Coffee Drinkers Rejoice! Your Cup Of Joe Can Prevent Death From Liver Disease

Chris Weller: Electric 'Thinking Cap' Puts Your Brain Power Into High Gear

The Kosher Gourmet by Marlene Parrish A gift of hazelnuts keeps giving --- for a variety of nutty recipes: Entree, side, soup, dessert

April 4, 2014

Rabbi David Gutterman: The Word for Nothing Means Everything

Charles Krauthammer: Kerry's folly, Chapter 3

Amy Peterson: A life of love: How to build lasting relationships with your children

John Ericson: Older Women: Save Your Heart, Prevent Stroke Don't Drink Diet

John Ericson: Why 50 million Americans will still have spring allergies after taking meds

Cameron Huddleston: Best and Worst Buys of April 2014

Stacy Rapacon: Great Mutual Funds for Young Investors

Sarah Boesveld: Teacher keeps promise to mail thousands of former students letters written by their past selves

The Kosher Gourmet by Sharon Thompson Anyone can make a salad, you say. But can they make a great salad? (SECRETS, TESTED TECHNIQUES + 4 RECIPES, INCLUDING DRESSINGS)

April 2, 2014

Paul Greenberg: Death and joy in the spring

Dan Barry: Should South Carolina Jews be forced to maintain this chimney built by Germans serving the Nazis?

Mayra Bitsko: Save me! An alien took over my child's personality

Frank Clayton: Get happy: 20 scientifically proven happiness activities

Susan Scutti: It's Genetic! Obesity and the 'Carb Breakdown' Gene

Lecia Bushak: Why Hand Sanitizer May Actually Harm Your Health

Stacy Rapacon: Great Funds You Can Own for $500 or Less

Cameron Huddleston: 7 Ways to Save on Home Decor

The Kosher Gourmet by Steve Petusevsky Exploring ingredients as edible-stuffed containers (TWO RECIPES + TIPS & TECHINQUES)

Jewish World Review April 29, 2005 / 20 Nisan, 5765

Bush's energy outage

By Rich Lowry


Printer Friendly Version
Email this article

http://www.JewishWorldReview.com | President Bush said the other day that he wishes he could wave a magic wand and make gas prices go down. That sounds like a plan that would almost be as effective as his misbegotten, long-languishing energy bill. Bush relentlessly touts the legislation as a potential salve for high gas prices, but it won't be, because it runs afoul of a force with which Bush should be familiar — the free market.

Bush's latest proposal is to allow oil refineries to be built on former military bases. This is clever, since the bases are isolated — away from immediate neighbors who might object to refineries — and no one knows what to do with them otherwise. Why hadn't anyone thought of this before? Because no one wants to build refineries on military bases.

Bush argues that regulations and community opposition have kept any new refineries from being built since 1976. But the refinery industry has been upgrading existing refineries that are conveniently located near oil terminals and pipelines (and, notably, not on military bases). In contrast, the expense of building a new refinery is a risk in a highly competitive business with narrow profit margins. In other words, it doesn't make economic sense. Ain't the market inconvenient, especially for a politician trying to "solve" high gas prices?

Take nuclear energy. Bush is touting incentives for energy companies to build more nuclear power plants, something that hasn't happened since the 1970s. He cites bureaucratic roadblocks to building plants, but the main obstacles have been economic. Financing a new nuclear power plant is a massive, risky investment. It's much safer to build relatively cheap, smaller oil-fired plants, which technology through the years has made as efficient as large-scale plants.

Then, there's the Alaska National Wildlife Refuge (ANWR). Allowing drilling there is the most controversial part of Bush's energy plan. Overheated environmentalists claim it will despoil pristine wilderness. Actually, ANWR is a vast, desolate bog. But put that aside. ChevronTexaco, ExxonMobil, BP and ConocoPhillips all have backed off their support for drilling.

Let it never be said the administration is slavishly beholden to Big Oil. The proceedings of Vice President Dick Cheney's notorious energy task force might have gone something like this. Cheney: "We want to drill in ANWR." Cigar-chomping oil executive: "Mr. Vice President, there might not be as much oil there as first thought, and when you consider the costs of drilling through permafrost and the long distances involved, it probably makes no economic sense." Cheney: "Well, tough."

The main backers of drilling are the state of Alaska, which will get oil royalties; unions, which will get jobs; and conservatives for whom sticking it to hyperventilating enviros is a matter of principle. But oil companies aren't in the mix. "If the government gave them the leases for free they wouldn't take them," an administration official recently told The New York Times.

The rest of Bush's energy bill is a grab-bag of subsidies for new technologies — for "clean" coal, fusion energy, hydrogen-powered fuel cells, etc. — that are likely dead-ends, or the people interested in developing them wouldn't be so needful of the federal teat. The reason that gas prices are up now is supply and demand. Economic growth around the world, especially in China, is creating more demand. Eventually, the market will adjust. High prices will force people into more fuel-efficient cars, thus relieving demand and the upward pressure on prices.

That's how the market works. As energy expert Jerry Taylor of the Cato Institute points out, the Bush administration first came up with its energy bill in 2001, when the California energy crisis prompted predictions of electricity shortages and skyrocketing prices everywhere. The energy bill never passed, but investors moved to capitalize on the high prices by building more generating capacity, creating a current glut in electricity supply. Bush can either wait for the market to take hold again, or try waving that magic wand.

Every weekday JewishWorldReview.com publishes what many in in the media and Washington consider "must-reading". Sign up for the daily JWR update. It's free. Just click here.

Comment by clicking here.

Rich Lowry Archives

© 2005 King Features Syndicate

Columnists

Toons

Lifestyles