Today in Biofuels Opinion: “If I were Saudi Arabia and I wanted to undermine alternative energy”

Robert Wescott, former chief economist for the Pres­ident’s Council of Economic Advisers: “If I were Saudi Arabia and I wanted to undermine alternative energy, my optimal pricing strategy would be $100 per barrel for the first year, second year, third year, and fourth – and drop it to $10 on the fifth year. You would capture lots of revenue, but flatten the alternative-energy sector every fifth year – at least enough to scare off investors and ensure that alternatives don’t get a foothold.”

John Kemp, writing in The Guardian: “Senator McCain’s hostility to the mandate’s subsidies and tariffs may have cost his campaign Iowa’s seven electoral votes, as well as support across the rest of the Midwest farm belt in states such as Missouri and Indiana, helping send his campaign to landslide defeat.”

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