IMF Calls for Reform on Subsidies for Fossil Fuels

I never know what to make of the frequent references I come across to the International Monetary Fund. Who exactly are these mysterious and terribly powerful people? How do they work? What are their true motivations?

In any case, they most certainly get some points for being on the right side of this “subsidies for fossil fuels” issue. In fact, if this article is an accurate depiction of their stance on the subject, they’ve nailed it exactly: the world’s attempt to make gasoline artificially cheap is ruining the planet, by encouraging its use, as well as by destroying any viable process for the development of alternative sources of energy.

The IMF calls for “reforms.” I second that.

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