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What's the problem with keeping the more effective technology (pipelines) and instead using taxes to disincentivize the externalities? Wouldn't that be better f
by shawnz 5y ago
What's the problem with keeping the more effective technology (pipelines) and instead using taxes to disincentivize the externalities? Wouldn't that be better for everyone?
- ashtonkem 5y agoThe problem is induced demand. By making oil cheaper, you encourage its continued and increased consumption.
- shawnz 5y agoI am not saying we should make oil cheaper. That is the point of the taxes. We should be raising the price through taxes, not by blocking the state of the art technologies.