Energy nominee Moniz ‘We need carbon tax to triple the cost’

How is this for another wacko nominee? Every new appointee more radical than the last. Ernest Moniz. A name we would rather forget. Let’s see what the Senate does with this one.

Moniz position is not far from that of Energy Secretary Steven Chu before he took a job in the Obama administration. “We have to figure out how to boost the price of gasoline to the levels in Europe,” Chu said in 2008. Last year, gas hit $9 a gallon in Greece. Great, $12.00 a gallon sounds like a real economy booster.

Obama’s Energy Secretary Nominee Called For Doubling Or Tripling Energy Costs With Carbon Tax To Push U.S. Towards Green Energy…

Via Beltway Confidential:

President Obama’s Energy secretary nominee regards a carbon tax as one of the simplest ways to move the energy industry towards clean technologies, though he notes that government would have to come up with a plan to mitigate the burden this tax places on poor people, who would pay the most.

“Ultimately, it has to be cheaper to capture and store it than to release it and pay a price,” MIT professor and Energy nominee Ernest Moniz told the Switch Energy Project in an interview last year. “If we start really squeezing down on carbon dioxide over the next few decades, well, that could double; it could eventually triple. I think inevitably if we squeeze down on carbon, we squeeze up on the cost, it brings along with it a push toward efficiency; it brings along with it a push towards clean technologies in a conventional pollution sense; it brings along with it a push towards security. Because after all, the security issues revolve around carbon bearing fuels.”

Keep reading…

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