Greg Brannon on Energy & Oil | |
Governments shouldn't be picking winners and losers; they should allow all forms of energy production without giving special benefits or incentives to a select few. Energy subsidies--for oil, wind, or any other source--are a poor use of taxpayer money. Often, they are simply an effort to prop up inefficient energy production in the hope that it will become efficient in the future.
The fingerprints of cronyism can be found all over the big energy industries. Meanwhile, regulations and restrictions make it impossible for entrepreneurs to develop new forms of cheap and clean energy.
Energy sources that really work for consumers don't need government handouts to thrive. The right policy is energy freedom.