Categorized | Economics, Politics

McCain on Energy: Government Interference Distorts Markets

The Wall Street Journal published an articletoday describing Senator John McCain’s energy platform. The underlying theme is that markets should be permitted to function naturally, while government involvement should be relegated to longer term alternative investment, primarily in nuclear and clean-coal. He is also for expanded access to domestic oil reserves through off-shore drilling, while keeping the Arctic National Wildlife Refuge off limits. To his credit, McCain takes a principled (and logical) stance against federal subsidization of corn ethanol, wind, and solar alternatives. Considering the power the ethanol lobby has maintained in Washington over the last thirty years, this open opposition is courageous.  

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This post was written by:

Rob Viglione - who has written 224 posts on The Freedom Factory.

Rob Viglione is a Realtor, economic consultant, and manager of a derivatives trading partnership. Rob has written extensively for Seeking Alpha and The Freedom Factory.

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