Tuesday, August 12, 2008

Must the Government Combat Americans’ Addiction to Foreign Bananas? (Bob Higgs)

Bob Higgs on the silly notion of "energy independence":

Americans, we are told again and again, are “addicted to foreign oil” and “in love with the automobile.” These phrases are so common in news commentaries that they glide past our intellect almost unnoticed. Yet, they are the sheerest claptrap, and the arguments that accompany them are a waste of the electrons required to carry them along in the World Wide Web.

Suppose a serious policy of “energy independence” were actually implemented, rather than being merely spewed out along with the rest of the political hot air. Would we be better off? Absolutely not. We would be vastly poorer because we would have to sacrifice a great deal more of the non-oil products we now produce and consume in order to acquire the petroleum products we demanded.

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