In the fall of 2007, when the U.S. economy first seemed in peril, I began answering reader queries here on the Business Desk. I still do so occasionally, but this page has expanded to include posts from eminent economists, "far-flung correspondents," and a variety of voices that have intriguing and/or useful things to say about economics, broadly defined. Please feel encouraged to respond to any and all of them.
Revitalizing coal is the solution to our energy crisis
City & State:
Question/Comment: Your item on green jobs was very informative. While I knew that many towns in the coal and manufacturing belt in western Pennsylvania are shadows on their former selves, I did not know how much Pittsburgh has shrunk. I visited it many times in the past four decades as part of my energy R&D work for the Department of Energy's NETL Fossil Energy Office near Pittsburgh and I never noticed much empty land, instead I found traffic jams.
Another point: I think you left out a major problems caused by ethanol, biodiesel, wind, etc, namely the huge federal subsidy for so called "renewable energy" that has exploded food and energy prices. An example is [May 12th's] WSJ editorial, WIND ($23.37) v. GAS (35 cents). My proposed solution has been to work over for decades on finding low-cost processes to eliminate emissions from coal, including CO2 sequestration. These processes would revitalize coal use of which there is plenty in western Pennsylvania once low-cost emission controls become available. Paul Solman: If economics or a study of policy or just life itself teaches anything, it is the law of intended consequences. It applies to renewable energy subsidies. My guess is that it will apply as well to "low-cost processes to eliminate emissions from coal, including CO2 sequestration."
This doesn't mean we shouldn't be trying all sorts of renewable options. The most important move may be to price the emissions that wind up costing us all, but not those who produce and use fossil fuels. A greenhouse gas tax or cap would encourage them all.