Charles Hoes Posted over 1 year ago Jennifer Granholm: A clean energy proposal -- race to the top! Bill, your discussion makes sense as long as the "price" of these fuels includes all of the costs - including the costs associated with global warming, ocean acidification, etc. The problem with this approach of letting the market find the optimal solution is that it tracks costs that do not include all of the costs included in the price of the alternatives. Leaving out the "external" costs results in a wildly skewed and highly inaccurate comparison. For example, what if the CO2 causes a total crash of the fish populations in the ocean? How much is this worth? What if 1/2 of the world's population perishes because of starvation associated with global warming? Is this important or not? Looking at just the short term, here and now, comparative cost of the various options is clearly inappropriate. Personally, I am not ready to bet the future of humanity on the current cost of solar versus Alaskan oil, or the cost of local versus Canadian oil. We really need to step back a few paces and look at the larger, bigger, picture over hundreds and thousands of years - not just the cost of gasoline this week at our local service station.