Matthew Yglesias

@mattyglesias ↗

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Last Checked Sept. 28, 2022

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Wed Jul 20 16:05:32 +0000 2022

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Matthew Yglesias @mattyglesias

If you raise prices by restricting new drilling, then what you generate is windfall profits for the owners of existing wells — a mix of domestic fossil fuel companies and foreign dictators. https://t.co/6hmHLU58E3 — PolitiTweet.org

Posted July 20, 2022 Hibernated

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Matthew Yglesias @mattyglesias

That’s because in a carbon tax scenario, while the price of energy goes up (bad!) the public also obtains revenue which can be used to mitigate harms or subsidize new technologies or whatever other useful thing you want to do. https://t.co/6hmHLU58E3 — PolitiTweet.org

Posted July 20, 2022 Hibernated

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Matthew Yglesias @mattyglesias

Note that the activists who support supply-constriction measures normally want to deny that their proposals will increase prices — they know it’s not politically viable — but price increases are the only mechanism through which supply constriction can reduce emissions! — PolitiTweet.org

Posted July 20, 2022 Hibernated