As U.S. and world energy challenges mount, public and political discussions frequently demonstrate disturbing misunderstandings of both the problems and the potential solutions. Three distinct problems — energy costs, geopolitical impacts of energy consumption, and the threat of extreme climate change — suggest different solutions that may not be well aligned with one another. Professor Borenstein will discuss the logic and fallacies behind existing and proposed public-policy responses. The energy challenges that the U.S. faces are serious, he argues, but by adhering to a few basic economic principles, the cost of meeting these challenges can be kept manageable.
