Tuesday, November 09, 2004

Bush re-election beats up alternative energy shares

No surprise here -- The price at the pump, as high as it seems, is far below the real cost. Nobody wants to talk about the myriad ways in which we subsidize oil prices, from the highway system to the wars in Iraq. Kerry would have only nibbled at the margins of that infrastructure (thus making alternatives more cost-competitive), but Team Halliburton don't play that. So solar, hydrogen, wind -- everything that isn't based on a few players owning the raw materials and the means to deliver them -- go out the window. And the price of gasoline will be blamed on our tree-hugging opposition to drilling ANWR.


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