An Energy Tax for Europe

George W. Bush’s disastrous war in Iraq has undermined Europe's security. But Europe can fight back by imposing a stiff tax on energy consumption, which would reduce both consumption of energy and its price in world markets, in turn cutting the flow of funds to Russia and Iran.

George W. Bush’s disastrous war in Iraq has put Europe in a bind. The United States long has been Europe’s protector. Now, because of a war it wanted no part of, Europe finds its security undermined.

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