Phillies: Private Enterprise Can Solve Energy Cost Issues

From Phillies 2008:

Libertarian Presidential candidate George Phillies proposed that the Federal government should actually do something to improve the energy price situation. “Sensible Libertarian approaches have two important features,” he said. “First, they are based on reality. Second, they do not ask the Federal government to do things it does poorly.”

“The rapid climb in energy prices has two main causes. First, petroleum production has been nearly static for several years. Second, India, China, and other places are entering the modern wealthy world; their energy demand is soaring.

“There are few credible opportunities for more oil drilling in America. We’ll be lucky to replace old oil fields. Foreign competition will only increase. Our real choice is to move to alternative energy sources. Fortunately, from sunny southwestern deserts to the windy northern border, America is enormously well placed to do this.

“I propose that Uncle Sam should make an offer to private enterprise:
We will give you long-term, fixed price contracts at competitive rates to buy electricity from new, renewable sources. Uncle Sam will offer to buy up to its entire energy consumption.

“The government won’t try to do research or build its own power plants. That’s what private enterprise does best. However, those long-term contracts are guarantees private firms can take to the bank for financing. At present manufacturing rates for wind and solar-concentrating generators and wind and solar storage facilities, my offer needs years to implement. As it is implemented, Federal demand for hydrocarbons will plummet, reducing market competition with private Americans.”

George Phillies is a candidate for the Libertarian Presidential nomination. He’s a physicist, with degrees from MIT;he teaches at the Worcester polytechnic Institute.

15 Responses to “Phillies: Private Enterprise Can Solve Energy Cost Issues”

  1. Kenny Says:

    ““I propose that Uncle Sam should make an offer to private enterprise:
    We will give you long-term, fixed price contracts at competitive rates to buy electricity from new, renewable sources.”

    Those contracts will be underwritten by the taxpayer who will take the price risk. That’s socialist corporatism not free market economics.

    Why renewables? Renewable sources are pushing up prices in the UK. A free market in nuclear power is the only option.

    Phillies is a joke.

  2. Libertarian Joseph Says:

    This is something Phillies should say AFTER you win the LP nomination to attract outside voters NOT before haha

  3. SovereignMN Says:

    Is Phillies seeking the Libertarian nomination or the Democrate/Republican endorsement?

    I agree with the heading “Private Enterprise Can Solve Energy Cost Issues” but the notion that they need government price regulations is absurd.

    Here’s an idea…let’s reduce the government regulations that stifle energy production. Allow more oil drilling/exploration. If there really ISN’T enough oil in America to make it worthwhile like the liberals say, then let those businesses go in the toilet. Allow more nuclear power. It’s cleaner and more powerful than anything we currently have.

    I have no problem with ‘alternative energy’. If it’s reliable and cheap then EVERYBODY will want it.

  4. The Democratic Republican Says:

    Well, George, if you don’t win the presidency, I’ll be looking you up as a legislative advisor someday. You always write very solid concepts. There is nothing unlibertarian about what you’ve proposed.

    I would add another concept. At least one state (Oklahoma) has passed legislation that would allow regulated utilities to recoup improvements to transition lines for alternative energy projects (particularly wind farms) by raising utility rates. While not the libertarian ideal, this process at least mimics the market and prevents massive subsidies and bond issues to accomplish the same effect. Just something to consider.

  5. George Phillies Says:

    For the benefit of some of you, note that there is no proposal here to regulate the cost of energy. Anyone who wants to build power plants and sell to whomever at their own price is free to do so.

    Furthermore, there is no credible price risk here. Instead, the Federal government is locking in a price for the energy it will itself use for the long term, rather than paying far higher prices in future years. That’s not the energy anyone else will use, that’s the energy the Federal government itself uses.This is what my fuel oil company did last summer, which is why I am currently paying $2.65 rather than $4.00 a gallon for fuel oil.

    The nuclear power industry is the beneficiary of a huge federal subsidy, namely the liability cap on reactor failures. Eliminate that one regulation, and the nuclear power is substantially unviable.

  6. Catholic Trotskyist Says:

    Private enterprise can solve nothing. GOVERNMENT REGULATIONS CAN SOLVE EVERYTHING. AND GOD SAID “Glory unto the Obama Revolution, OH MY PEOPLE, and priase to my sons Jesus and Trotsky.

  7. CT Says:

    That’s some messed up theology.

  8. Kenny Says:

    Phillies shows his ignorance of economics. He writes ““I propose that Uncle Sam should make an offer to private enterprise: We will give you long-term, fixed price contracts at competitive rates to buy electricity from new, renewable sources.”

    That is price-fixing, i.e. regulation. He envisages a large role for the federal government in price regulation. If we minimize the size of federal goverment, how can its “price lock” have any effect? Phillies is a federal government statist.

  9. G.E. Says:

    Phillies is an IDIOT.

    He cites two reasons for upward pressures on oil prices—static production and increased demand.

    WHAT ABOUT EXPANSION OF THE MONEY SUPPLY?

    The price of oil as measured in gold has remained remarkably stable. Even in fiat Euros, the price has not soared nearly as much as it has in FRNs.

    Phillies is a close-minded liberal statist, NOT a libertarian. I cannot believe this obviously stupid man has a doctorate.

    Not only do I think Phillies should be rejected in his Quixotic quest for the LP presidential nomination, I think he should be banished from the LP altogether for his flagrant fascism. It’s really beyond the pale.

  10. Stine Says:

    G.E.,

    If you think Phillies is a fascist, I’d like to see what you’d do if an actual, unapologetic fascist (lets say, Jean-Marie Le Pen or Nick Griffin) came up to you and introduced himself. Your head would probably explode.

  11. beer cans for ruwart Says:

    sorry all, a bit off topic. but i feel i need to let everyone know something. i’ve been picking aluminum cans out of peoples trash for three weeks just so i can donate the money i earn to mary’s campaign, god bless you mary, and god bless kiddie porn.

  12. Kenny Says:

    Don’t feed the troll, truly moronic, above who has left that message on at least three threads. If that is the best that WAR supporters can do, they should shoot themselves and do the world a favour.

  13. PrattStreet Says:

    Did not Mr. Phillies state that skeptics of anthropogenic global warming (AGW) be excluded from the Libertarian Party? Yet these skeptics are right. Temperatures have declined as anthropogenic carbon dioxide emissions rose. Such AGW prponents such as Michael Mann and Naomi Oreskes have been proved to be frauds. And more and more proof of the warmer Medieval Warm period (circa 1000AD), the Little Ice Age, and the effect of cosmic rays has been uncovered.

    Maybe Phillies needs a basic logic course and basic science course before he seeks responsible office.

  14. G.E. Says:

    Pratt—Add economics, American history, and the Constitution to his course load.

  15. beer cans up kennys ass Says:
    1. Kenny Says:
      May 9th, 2008 at 5:00 am

    Don’t feed the troll, truly moronic, above who has left that message on at least three threads. If that is the best that WAR supporters can do, they should shoot themselves and do the world a favour.

    fuck war and fuck you! go suck the gerbil outta benedicts ass!

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