laughing dog
Contributor
You keep repeating the same story while omitting the reason for protest which was not anti-oil and gas. fShe is a known opponent of the oil and gas industries. That is a fact. She even went to North Dakota to protest an oil pipeline in 2016. Nominating a cabinet secretary protesting against the very industry they are tasked at managing/regulating is stupid. It's like having an education secretary who was protesting against public schools!
The marginal costs of extraction and use include the external costs.Derec said:If the domestic oil and gas production is hamstrung, as I predict will happen under Haaland, then the prices will rise not by recognizing external costs (not "marginal costs") of their extraction and use.
Higher prices -regardless of the reasons for the increased costs- mean consumers use less.Derec said:Taxation would accomplish that. All hamstringing the industry will accomplish is to reduce supply, which means not only higher prices but US energy consumer having to use more imported oil and gas which in turn means more money funding jobs for people in Venezuela or Russia or Saudi Arabia and not in US. Which means fewer jobs, tax revenues and royalties in the US.
There is no reason to expect any carbon taxes in the US in the near future.