Wednesday, September 10, 2008

Listening to the experts

[A]s long as oil remains a key part of our energy portfolio, we will never achieve energy independence," said Michael Greenstone, an economist at the Massachusetts Institute of Technology. If McCain is elected, the emphasis would be on drilling and nuclear power, while an Obama administration would be more inclined to push for alternative energy. Edward Snyder, dean of the University of Chicago's Graduate School of Business, said the emphasis on drilling sounded "jingoistic," and taxing imported oil, although politically unpopular, would do far more to curb usage.