Robust Economy Needs Affordable Energy

David Kreutzer / October 28, 2010

Proposition 23 seeks to put some of California’s more egregious energy regulations on hold—at least until the California economy recovers. Current law will force consumers to switch to energy sources that can be four or more times as expensive as conventional energy, driving energy prices up, employers out, and consumers crazy. The current rules make especially little sense in the current economic environment.

In addition to the standard environmental groups, those financing the opposition to Proposition 23 are mainly financiers who stand to gain from restrictions on conventional energy and billionaires who are far removed from worries over monthly energy bills and losing a job. The problem for the other 37 million Californians is that they do worry about how they can pay higher energy bills and about getting and keeping a job. (more…)