Energy shoes continue to drop after decades of idiocy from Washington lawmakers
Written by ChemistryDave on May 28th, 2008Today, Dow Chemical announced that they will raise prices by 20% across the board. Dow is a critical supplier to virtually every industry imaginable. These costs will be passed right on to the American consumer, who is already bearing the brunt of the economic mess the government has put us in. Dow CEO Andrew Liveris put the blame right where it belongs:
“For years, Washington has failed to address the issue of rising energy costs and, as a result, the country now faces a true energy crisis, one that is causing serious harm to America’s manufacturing sector and all consumers of energy…The government’s failure to develop a comprehensive energy policy is causing U.S. industry to lose ground when it comes to global competitiveness, and our own domestic markets are now starting to see demand destruction throughout the U.S.”
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Welcome aboard.
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This is one arena that the government has screwed up big time. They avoided a long-term plan for decades, then wasted ten years pursuing ethanol when all the indicators were that biofuels would turn out as problematic as they’ve proven to be.
I’m skeptical about McCain’s ability to make any progress toward a coherent, feasible energy strategy. While loudly advertising a plan to suspend federal gasoline taxes for three months, he is simultaneously proposing an industrial energy tax that the EPA estimated would raise household energy expenses by 20 percent. Call me a cynic, but I have trouble trusting this guy with energy policy when he’s authoring two contradictory proposals.