In a February 24 Wall Street Journal op-ed, Andrew N. Liveris, Chairman & CEO of Dow Chemical, laid out a cynical and self-serving argument for a “sound and balanced [U.S.] energy policy.” He correctly said that shale gas gives the nation “a historic opportunity to strengthen the economy, increase national competitiveness and create jobs.” He’s right on the opportunity — but Dow wants to have their cake and eat it too.
A recent article in the Washington Post exposes the rabid consistency of Congressman Markey (D-MA). He consistently ignores economics, logic, ethics and the U.S. Constitution. As someone who spends a lot of time in Massachusetts, it’s quite disappointing to see this disposition from someone like the Commonwealth’s U.S. Senate candidate, Rep. Ed Markey. He relishes his chosen role of long-term, lead crusader against various tax deductions for American companies — especially American-based oil companies — though multinationals and foreign state-owned companies get those treatments when they invest in America or elsewhere. He calls those tax treatments for U.S. companies “subsidies,” but they are not grants, free loans or any such thing that he loves when they go to “green” energy companies. The article misused the title of an old Dire Straits piece. It more accurately applies to Solyndra and other subsidized, failed, “green energy” companies who got “Money for Nothing,” and produced exactly that.