The movement of the crowds at the semi-funereal 2008 Los Angeles Auto Show said it all. No one, it seemed, wanted to hang out with the most beleaguered of the Detroit automakers, Chrysler and GM. As plenty of attendees noticed, Chrysler’s large expanse of showroom floor was all but empty most hours of the day. Same across the room at the General Motors stand: Aside from a small group milling about the Chevy Volt, all was quiet.
When someone says "America lacks a plan", what they mean is they don't want to drill. Increasing domestic supply of course would be a plan, would use existing infrastructure, and would utilize the cheapest form of energy. Oil. It would make supply adjust to demand quickly, lowering prices. But I'm sure you hate oil for some emotional reason I can't fathom. The problem with any plan that involves giving priority to alternative energy is you can't get around the fact that it will be expensive. Extremely expensive. Subsidizing it with tax dollars doesn't make it less so. It just means someone else pays. This "plan" will take an enormous bet on which speculative technologies will dominate in the future. Bet wrong and you've wasted an awful lot of money investing in infrastructure that is useless. Bet right, and it will still take years if not decades to bring the cost down to where oil is today. I say drill, and keep investing in promising technologies until there's a breakthrough.
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