A year of rhetoric, lobbying, veto threats and negotiations ended yesterday as the House of Representatives voted 314 to 100 to pass an energy bill that President Bush is to sign this morning. The bill will raise fuel-efficiency standards for automobiles, order a massive increase in the use of biofuels and phase out sales of the ubiquitous incandescent light bulb popularized by Thomas Edison more than a century ago. (Washington Post, Wednesday)
None dare call it central planning.
FEE Timely Classic
Conservation and Speculation by Dwight R. Lee