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Carbon tax: the reasonable solution

Growing unrest in the Middle East has resulted in a more than 60 cent jump in U.S. fuel prices in a two month time period. Rising fuel prices are threatening recovery from the recession just as job numbers and economic indicators are showing real signs of improvement. Why does the United States continue to tolerate economic reliance on foreign oil from volatile Middle Eastern countries? The answer is fear among legislators that any policy solution responsible for a short-term increase in energy prices will destroy a political career. This political cowardice is already resulting in drastic increases in energy prices by making the well-being of U.S. citizens and the health of the economy liable to foreign governments. Political inaction is resulting in the worst-case scenario. Costs are increasing for non-renewable energy sources while the US is falling behind the rest of the world in developing renewable technology.

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