"My great fear is that the cost of energy will come down rapidly and so low that we will forget the lessons we should have learned, and we'll walk away from the environmental challenges," the mayor said during a panel discussion at the Clinton Global Initiative in Midtown.No, the problem is that high energy prices are suffocating the already battered economy, and has caused inflation to creep higher. It's meant that the government has pushed bad solutions like corn-based ethanol, which has been an abject failure - causing higher energy prices and higher food prices.
Bloomberg's comments yesterday were consistent with his earlier position that taxes need to be increased on energy to reduce consumption.
Among the members on Bloomberg's panel was Turki bin Faisal Al Saud, Saudi Arabia's former ambassador to the United States, who said oil-producing nations should be part of discussions about climate change.
The reason that energy prices remain high is because we lack the will to do anything to bring the prices down. That means drilling for natural gas and oil domestically. It means using oil shale and energy from places like the Marcellus deposit. It means wind power. It means hydro. It means nuclear.
It means doing all of the above, not the none of the above choice that Democrats have taken for more than a generation.
And yet, every step of the way is thwarted by Democrats who complain that we shouldn't engage in fossil fuel energy development, but then thwart development and placement of alternative energy power sources. If the problems are as dire as Democrats and folks like Bloomberg claims, where is their urgency on the matter. Everything is part of a long range plan - so far in to the distance that it makes you really wonder if they ever intend to create new power sources, or simply want to drive up energy prices to foster a crisis.
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