ONE more time: this blog knows nothing whatsoever about Economics, macro-, micro-, or mini-, and is therefore as justified in calling itself an economist as the majority of economists.
Instead, let us humbly ask, apropos of the recently released "Energy" "Plan" of "Mitt Romney": th' fuck is so important about "energy independence" when you assure us that everything else in the Magical Economics Realm has just simply got to be globalized? Why don't we shoot for Job Independence? Or Manufacturing Independence? How 'bout we set as a goal complete shipping independence by 2020? Every ship that docks in the United States has to be registered here, and the crew has to be 85% American. Why shouldn't we become Rubber Independent, or Manganese Indepenent? Why shouldn't we produce our own fucking cellphones?
Of course the bigger laugh is that Romney, who is fiscally incapable of independent thought despite being the wealthiest man to ever run for the office, can't even propose, John Kennedy-like, a large-scale government program to accomplish the un-accomplishable. No, he wants to turn the whole thing over to the states, because if there's any government entity that proves how little governments can accomplish, it's the tiresome collection of 18th century fiefdoms and 19th century slavery compromises we call "States".
The fucking states can't teach high school biology to high schoolers. Who do you think is failing to get 12th graders to read at a 6th grade level? And not just because they're incompetent, but because the states are at the mercy of the worst sorts of buffoons in American political life, and its most low-rent grifters. You think the House of Representatives is a strategic reservoir of Stupidity and Cupidity? Good Lord. Chris Christie is the best example of state executive the Republican party could offer. You really wanna put Rick Perry in charge of anything more important than the Texas Bureau of Weights and Calibers? Mitch Daniels would let Federal lands in Indiana go for a penny an acre, plus a $10 million finder's fee and some real hair.
Here's an idea: this is such a bonanza waiting to happen, let the states pay us the assessed value of the resource, minus 10 percent, in cash, and then let 'em do whatever they want with the proceeds.
Deal? Oh, except Wyoming also has to give its Senators back.