Energy Independence

Hudson Institute Presidential Transition Papers

January 8, 2009
by Irwin Stelzer

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No energy policy can deliver "energy independence." What

a sensible policy can do is reduce reliance on oil from unfriendly

sources. This will require a carbon tax, with parallel

refunds through the payroll-tax system. In one stroke

that will discourage use of climate-damaging fuels, and

create a level playing field on which all other fuels and

conservation devices can compete. In the near term, even

with such a tax, coal and natural gas will be the fuels on

which we must rely.

Irwin Stelzer is a Senior Fellow and Director of Economic Policy Studies for the Hudson Institute. He is also the U.S. economist and political columnist for The Sunday Times (London) and The Courier Mail (Australia), a columnist for The New York Post, and an honorary fellow of the Centre for Socio-Legal Studies for Wolfson College at Oxford University. He is the founder and former president of National Economic Research Associates and a consultant to several U.S. and United Kingdom industries on a variety of commercial and policy issues. He has a doctorate in economics from Cornell University and has taught at institutions such as Cornell, the University of Connecticut, New York University, and Nuffield College, Oxford.

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