Chris Hayes: Price Of Energy Is "Too Low" Right Now
CHRIS HAYES, MSNBC: Weâ€™re talking about the massive, extractive energy boom happening in America right now and how itâ€™s transforming our politics and how that can be made to work with a sane climate policy, which is really the difficult question. Before the break I left the question on the table about the price of energy being too low right now. Basically we see this massive amount of supply has come onto the grid thanks largely to natural gas. The price has come down, and I think we generally think, â€śOh, lower prices are better.â€ť But it seems to me thereâ€™s a lot of problematic stuff about the price coming down sharply as it is right now in terms of incentives for efficiency and et cetera.
(via Hot Air)