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3Novices:Opinion: Trump’s attack on renewable energy

Fossil fuels have long been subsidized by tax policies, such as the oil depletion allowance, and by infrastructure construction, such as the interstate highway system. In light of these long-standing subsidies, it’s always a little ironic when fossil fuel industry advocates complain about tax expenditures and other subsidies promoting the renewable energy business. In my view, in their time, all of these subsidies played a positive role in the nation’s economic development. The Tennessee Valley Authority and other New Deal programs subsidized rural electrification and brought the modern energy economy to a part of the country that the free market in energy might never have developed. No one seems to argue for the free market when they receive a subsidy, but if a competitor gets an incentive, suddenly the government is dominated by socialists determined to “pick winners.”http://ift.tt/2sOxHLO
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