On July 24, Democratic Sens. Barbara Boxer of California and John Kerry of Massachusetts took to The Washington Post to attack former Alaska Gov. Sarah Palin's opposition to the Waxman-Markey cap-and-tax legislation and her overall energy philosophy.
Mrs. Palin correctly criticized the scheme presented in the legislation sponsored by Democratic Reps. Henry A. Waxman of California and Edward J. Markey of Massachusetts. By only citing a report from the left-of-liberal Center for American Progress, Mr. Kerry and Mrs. Boxer naively underestimate the effects the legislation will have on the American economy. Other, more mainstream organizations, such as the Brookings Institution and the Black Chamber of Commerce, disagree.
Waxman-Markey artificially creates competition between cheap, abundant energy and unreliable, expensive renewable forms, compelling utilities to use heavily subsidized, politically correct "renewable energy" while thousands who work producing traditional energy lose their jobs.
All the while, American industry will flee to other countries where they can power their assembly lines with cheaper energy. Because nearly four decades of obscene subsidies for wind and solar power haven't worked, Waxman-Markey ups the ante and engages in societal re-engineering and fundamental restructuring of America's energy supply.
According to the Energy Information Administration, wind and solar receive 55 times more in subsidies than coal and 100 times more than oil and natural gas. Yet today, wind and solar barely make up 1.5 percent of America's electricity supply and 0.5 percent of the total U.S. energy supply, while 85 percent of the U.S. energy supply originates from fossil fuels. These figures make clear to what extent the Waxman-Markey bill must give a leg up to wind and solar to force their success. The simple fact is that these so-called industries would not survive without mandates and subsidies.
Mrs. Boxer and Mr. Kerry seem ignorant of the fact that wind and solar fail to power America's trucks, planes, trains and ships. In reality, wind and solar will not displace the energy necessary for moving people and products around the country.
(continues at Washington Times)