How Obama’s Energy Policy Will Kill Jobs

Professor Mark Perry reports:

Obama’s tax proposals to favor solar and wind energy over traditional energy sources like oil and natural gas might make sense for him politically, but can’t be justified with either economic or scientific principles. Obama’s policies are destined to damage the economy because they will penalize the efficient, job-creating oil and natural gas industry, which requires no direct taxpayer subsidies beyond what any American manufacturer is entitled to, and because they will raise energy costs for American consumers and manufacturers. Meanwhile, subsidizing the inefficient green-energy industry with generous amounts of taxpayer money would destroy jobs on net and raise energy costs.

An article well worth your time.