For many years, countries in sub-Saharan Africa have spent large amounts on subsidizing fuel and electricity. For both sources of energy combined, this averages around 3-4 percent of GDP. Is this a good use of scarce resources?
Several times recently, we've heard this argument: When it comes to securing America's energy future, we need "all of the above" -- coal, oil, gas, nuclear, solar, wind, and so on. That is a not an energy policy; it's a cop-out.