Following up on the energy-related post below, we note the valuable on-line column in yesterday’s Opinionjournal.com by John Fund, who cautions against the siren calls of switchgrass and other alternative fuels. Fund worries that the Bush Adminisration is becoming “fixated” on alternative energies, with all their excitement and political attraction.
Ethanol, wind, etc. are useful supplements and full of potential, but they are certainly not the basis of a sound energy policy, he argues:
It’s a foregone conclusion that Mr. Bush’s State of the Union speech will be full of paeans to the prospects for switchgrass, solar panels and the conversion of turkey waste into diesel fuel. Some of these ideas are genuinely exciting and indeed hold promise to achieve greater energy independence. But here’s hoping in his fervor for alternative energy, Mr. Bush doesn’t forget that he should also press for fewer restrictions on nuclear power–a remarkably safe and clean energy source–as well as more ways to safely explore for oil and gas in Alaska and off the coasts of states that welcome offshore energy development.
Alternative energy is an ever-expanding fad right now, but Mr. Bush should remember that fads pass. When that happens, the country will be better off with a balanced approach that combines excitement for the new with sober reliance on tried-and-true sources that keep today’s economy humming. Such an approach would also help Mr. Bush meet another of his self-proclaimed major goals: “making sure the federal government prudently spends tax dollars and restrains wasteful spending.”
A balanced approach…sober reliance on tried-and-true sources? Maybe not politically sexy, but it’s the right way to go for the U.S. economy. Good advice, Mr. President.
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