Raising prices is the free-market way of rationing scarce goods and calling forth the investment required to produce more energy. There is an electricity crisis in California with resulting blackouts, and it may spread to the rest of the country. The cause is not in doubt. The mess is due to government price-fixing and environmentalist opposition to new energy plants. The solution is similar to the gasoline price problem.
More production is needed.
This means fewer government obstacles to the building of new plants, including coal and nuclear. Nuclear energy isn't a fossil fuel and emits no pollution. France gets 70 percent of its electricity from nuclear plants. But it is opposed here by environmentalists whose only argument is that we have not yet found a safe way to dispose of its waste. All rights reserved.