The House Republican Conference released a video last week titled “The Pelosi Premium” contrasting then-Minority Leader Nancy Pelosi’s (D-CA) 2006 promise to pass a “commonsense plan to help bring down skyrocketing gas prices” with the steep rise in gas prices since she took the gavel. According to the video, the price of a gallon of gas has risen from $2.33 in January 2007 to $3.40 in April 2008.
But let’s say that, as an environmentalist, you want to both 1) drastically reduce carbon emissions; but 2) want to pay as little a political price as possible for causing the requisite economic damage a reduction in carbon emissions would bring. How could you accomplish both of the goals? Well you might just pass a an energy bill that: 1) imposes huge new alternative fuel mandates; 2) allows for no development of new energy sources, and 3) raises taxes that discourage energy exploration and production.