He Can't Know

Here's a letter to the Wall Street Journal:

Alexander Koukoulas repeats the familiar assertion that "Today's power rates do not include the environmental costs associated with fossil-fuel extraction, the burning of these fuels and their production of greenhouse gases" (Letters, Aug. 30).

Perhaps.  But perhaps not.  Fossil-fuel production and consumption are taxed quite heavily.  As found by Scott Hodge of the nonpartisan Tax Foundation, in 2008 the oil industry alone paid more than $90 billion...