I don't think consumers benefit from corporate welfare, and that's all that these proposals add up to. With energy prices as high as they are, we don't need to provide any incentives.
More Quotes from Jerry Taylor:
The goal of reducing Middle East imports is a meaningless goal.Jerry Taylor
It had the effect that any economist would have told you. To believe the laws of economic gravity have changed over time is wrong.
Jerry Taylor
I would hope that it's simply theater to demonstrate their concern about things that a lot of Americans are concerned about and that after the cameras go away, they get back to business. On the other hand, it may well be an attempt to set the stage for real legislation.
Jerry Taylor
If they were promising economically, you wouldn't need government help. The fact is that they haven't been able to generate much electricity, and so the people most inclined to make money out of this are probably going to put their money elsewhere.
Jerry Taylor
A supply disruption in the Middle East would increase the price of crude everywhere in the world no matter where or how it is produced.
Jerry Taylor
The president is only proposing a 22 percent increase and I rather suspect that Congress will be inclined to provide that assistance. But since the increase is modest, it's probably not going to be enough.
Jerry Taylor
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