Tin Man said:
It would be much easier if we did have new technologies, though.
Oh, definitely. I'm not saying new technology wouldn't help - just that people shouldn't go believing that all we needs is for scientists/engineers to develop some new technology, and we'll be magically saved. It's a very comforting belief for people to have, since it shifts all personal responsibility away from themselves though, and places it all on scientists/engineers to solve the world's problems.
Not just in manufacturing bio-fuels, but other imaginative things like oceanographic solutions, space age reflectors, whatever (Scotty, beam me up!)
Sure, but all of those things cost money. The underlying problem is that our generation doesn't want to pay diddly squat to help society as a whole. We call the generation who fought WWI "the greatest generation" because of how willing they were to make personal sacrifices for the common good. I think our generation is the complete opposite (perhaps "the lamest generation"?) - how many people are willing to make the slightest personal sacrifice for the common good? Hell, even if you believe the war we're currently fighting is for the common good, what sacrifices are the average American making to help it? Did we increase taxes to help pay for it? No, we cut taxes, shifting the cost to our children. When it became apparent how closely our oil addiction is tied to funding groups that hate us, and how imperative it is that we get off of foreign oil, did people stop buying Hummers and Escalades just to cruise around town in? No (except when oil prices temporarily went up. As soon as they dropped back down, sales of giant SUVs took off again).
Ask the average American if he thinks we should get off of oil, and he'll say "hell yeah!". Ask him what personal sacrifices he's made, or is willing to make, to see that through - and you'll get a blank stare (or possibly insults, for daring to suggest that he should make any personal sacrifices).
I believe this Kyoto thing has been a bit of an obstruction. Why not let the US and Australia, perhaps the only big free-market economies left, do it their own way? As long as the goals are the same.
Because the free market does not by itself solve problems that affect the common good. The free market is based on people buying what is cheapest - not what is in the best interest of society. If oil is cheaper than clean biofuels, 95% or more of people will buy oil. Period.
And the problem is that it only costs about $5 per barrel or less for most countries (other than the US) to pump oil. And when we pay all of the hidden costs that foreign oil dependence imposes on us out of income taxes, the real cost is hidden from the consumer. Effectively, without government intervention, there's not a snowball's chance in hell of us getting off of foreign oil.
Yes, it certainly seems like it. Put the money to work on new tech!
I'm still in favor of a petroleum "tax" aimed at assessing the hidden costs of oil dependence onto petroleum sales, rather than on income taxes. So, I think the revenue from that should be used to directly reduce income taxes. If we want a general carbon tax though (also), that could go to developing new technologies, or various other things.