Tax policy is energy policy

Study after study in many different nations and economies has shown, for example, that the best way to avoid having to scramble for new supply sources of oil is to control the growth of demand, if not outright to reduce absolute demand. But the US seems to ignore this, why?

Study after study in many different nations and economies has shown, for example, that the best way to avoid having to scramble for new supply sources of oil is to control the growth of demand, if not outright to reduce absolute demand.

In other words, it is not about 'imports from the Middle East,' as referenced in the president's State of the Union speech. It is all about aggregate demand for a depleting product. So is it possible to reduce aggregate demand? The short answer is yes - and I do not mean by using a totalitarian or authoritarian approach.

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