GND causes oil prices to skyrocket – hurts low-income families
Merrill Matthews, 22, Merrill Matthews, Ph.D., is a resident scholar with the Institute for Policy Innovation. “Green New Deal, RIP,” The Hill, 7-5-2022, https://thehill.com/opinion/energy-environment/3546281-green-new-deal-rip/, 6-29-2023)//AAlmand
Dearly beloved, we are gathered here today to pay our final respects to the . We had such high hopes for it: hope that it would save our economy; hope that it would save our planet; and, most of all, hope that it would save our party from the coming .
What killed the Green New Deal?
High gas prices. One of the necessary ingredients for the Green New Deal was high gasoline prices. We need those high prices to push millions of reluctant Americans to embrace electric vehicles.
Actually, we need high prices on all fossil fuels to make taxpayer-subsidized renewable energy look competitive.
When we surveyed the pubic over the years, many people () said they would be willing to pay somewhat higher gasoline prices to fight climate change. So, we thought the recent jump in gasoline prices would be, if not welcomed, at least tolerated.
But we were dead wrong. It turns out that high gasoline prices — the very people we progressives claim we want to help. More importantly, those .