Slighty Less Dumb

The energy bill passed by the Senate is slightly less dumb. Most of it is reasonable except:

  • The “anti-gouging” legislation. Congrfess should not be setting prices. Congress should especially not be setting prices when they’ve just created a huge reason for oil production to go way way down and oil prices to therefore go way way up.
  • I’ve blogged quite a bit on the stupidity of ethnanol. Here’s a prediction: Before 2022, when the ethanol requirements kick in, this provision will be cancelled when it turns out that ethanol is an ecological and economic disaster.