High Energy Prices: Good

I’m sipping my coffee at 6 a.m. at Stumptown in Southeast Portland (joy). The Oregonian’s front page shows an ocean of the 72,000 faces that turned out to see Barack Obama yesterday (yes, I voted for him, too) and the lower right corner story is: “Who loves high energy prices? The environment.”

The gist is basic economics: when price goes up, demand goes down. And we have got to demand (use) less energy, because it costs the earth heavily. I’ve seen oil fields and coal mines described as war zones, and that makes sense, because we’re violently wresting fossil fuels from the earth that have been millions of years in the making (hence the term fossil). Moreover, burning them causes global warming, because the atmosphere cannot quickly absorb millions of years worth of carbon dioxide and methane. High prices help us slow all this down. In fact, slowing down is crucial all around.

The big problem with high energy prices is that they can make the poor suffer, which of itself is immoral and unethical. If you can’t afford to get to work or heat your house, then you deserve a price break or assistance. (But you also should carpool!) We need a more progressive tax system altogether, and those who have enough need to just voluntarily share more with those who don’t have enough. My household gives about 5% of our net income to philanthropy, but I think we can and should increase that.

If the earth loves high energy prices, let’s get it straight that we are part of the earth, too. Would we put a rock-bottom price on our own lives? No; our civilization is built on valuing human life. Because our fate rises and falls with the earth’s fate, we have to put a high price on energy and use it as the incredibly costly stuff that it actually is.

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1 Response to “High Energy Prices: Good”


  1. 1 amazingdrx May 23, 2008 at 7:38 pm

    Yeah they are! I just thanked everyone that has this peak oil fantasy on the front burner!

    It’s the only way to peak GHG and the safe way down the other side of the graphical mountain.

    I’m betting that plugin bikes are zooming around Portland daily. That would make a nice blog entry, an interview with a local bike shop that builds them.


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