Brother Can You Spare A Gallon?

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“Economists predict that reducing our energy use by more than 20% will require price increases for most types of energy.” These, of course, are the same industry economists who predicted that the 1970 Clean Air Act would wreck the economy — we now know that what really hurt the economy was our dependence on foreign oil.

Converting the global energy market from fossil fuels to renewables will no doubt cause some economic dislocation during the switch — just as the switch from whale oil to petroleum-based lubricants impacted the machine age 100 years ago — but that doesn’t mean it will harm the economy. More than 2,500 economists, including eight Nobel laureates, recently signed a statement declaring, “Sound economic analysis shows there are policy options that would slow climate change without harming American living standards, and these measures may in fact improve U.S. productivity in the longer run.” For details on the “Economics of Climate Change,” visit Redefining Progress.

As for the price of gasoline, the U.S. continues to guzzle some of the cheapest gas in the world, paying on average less than one-third the price in European and other developed nations; in fact, we pay 2 to 5 times less than consumers in any country outside North America. If our various government subsidies for the fossil fuel industry are removed, the price of gas will rise as the true costs of the product are revealed, and the weak incentive to make cars more fuel-efficient will become much stronger. With more efficient cars, we’d spend about the same amount of money getting where we’re going — we’d just use less gas to do it. And you can guess how an oil company might feel about that.

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IT'S NOT THAT WE'RE SCREWED WITHOUT TRUMP:

"It's that we're screwed with or without him if we can't show the public that what we do matters for the long term," writes Mother Jones CEO Monika Bauerlein as she kicks off our drive to raise $350,000 in donations from readers by July 17.

This is a big one for us. So, as we ask you to consider supporting our team's journalism, we thought we'd slow down and check in about where Mother Jones is and where we're going after the chaotic last several years. This comparatively slow moment is also an urgent one for Mother Jones: You can read more in "Slow News Is Good News," and if you're able to, please support our team's hard-hitting journalism and help us reach our big $350,000 goal with a donation today.

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