The Wall Street Journal has a great editorial yesterday about the NAT GAS Act: Something about energy policy causes Republicans and even many conservatives to abandon every free-market principle they claim to believe and embrace corporate welfare. The latest example comes courtesy of our sometime intellectual ally, Texas billionaire Boone Pickens, who is pushing the Nat Gas Act. Mr. Pickens wants to pour subsidies on the production and purchase of vehicles that use natural gas as a transportation fuel. With conventional gasoline prices approaching $4 a gallon in many markets, this is the hottest energy fad in Washington and has had as many as 180 House co-sponsors, including, at last count, 72 Republicans. Read the whole thing.
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