How’s This for a Brilliant Energy Policy?
Jul 31, 2020198.4K Shares5.3M Views
OK — so the price of gasis at an all-time high, and everyone agrees that much of the reason is that demand for gas is at an all-time high. So what’s the solution to this dilemma?
Well, if you’re Sen. John McCain (R-Ariz.) it’s easy: You propose legislation, as he did yesterday, to scrap the federal gas tax for the entire summer. (The idea did well on cable news.) That would encourage greater consumption, leading to even greater demand, leading to higher pri — Wait a minute! Higher prices? Is that really what we’re aiming for here?
According to the presumptive GOP presidential nominee:
“„Hard-working American families are suffering from higher gasoline prices, and they need relief. Now is the time to act with a tangible plan to address this problem. The ‘tax holiday’ will make the summer driving season easier for people across the nation.
Nevermind the effects on the federal deficit or the price of gas the summer. Are we buying votes here, John, or is this what passes for energy policy these days?
Dexter Cooke
Reviewer
Dexter Cooke is an economist, marketing strategist, and orthopedic surgeon with over 20 years of experience crafting compelling narratives that resonate worldwide.
He holds a Journalism degree from Columbia University, an Economics background from Yale University, and a medical degree with a postdoctoral fellowship in orthopedic medicine from the Medical University of South Carolina.
Dexter’s insights into media, economics, and marketing shine through his prolific contributions to respected publications and advisory roles for influential organizations.
As an orthopedic surgeon specializing in minimally invasive knee replacement surgery and laparoscopic procedures, Dexter prioritizes patient care above all.
Outside his professional pursuits, Dexter enjoys collecting vintage watches, studying ancient civilizations, learning about astronomy, and participating in charity runs.
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