Monday, November 28, 2011

Job Creation From The Energy Sector

The Wall Street Journal has an editorial pointing out the obvious - while billions have been poured into subsidies of green energy, it's traditional energy sources, principally oil and gas, that have provided thousands of jobs. If you have been traveling in northern West Virginia and needed a hotel room recently, you know the effect the Marcellus boom is having there.

None of this is to say that the federal government shouldn't have an energy plan.  But its efforts should be directed to basic research that helps bring better products, like batteries and more efficient engines, to the point where they can be marketed. After that, leave it to the market to decide what should survive and what should fail.  The federal government shouldn't be picking winners and losers through subsidies.

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