Burning the Midnight Oil for Living Energy Independence
Last week I presented a draft of a national Steel Interstate plan. The focus was on the Institutional Framework required to be able to build it, including the source for the interest subsidy to finance its up front capital cost.
Possibly lost in the wall of words was an important point, which was focused on by some commentary: the users are paying the capital construction cost. As a country, we need it, so as a country, it makes sense to find a way to jumpstart it and have it available for the oil prices shocks that are coming in this next two decades.
… but once it starts getting used, that’s what will cover the original construction cost. One way we can tell we are heading toward Economic Freedom is that it helps pay for itself.