Badger Blog Alliance

Sic Semper Tyrannis

Tuesday, May 13, 2008

Cap and Trade This...

Get this now. What would happen with a cap and trade system? The effect of such a system would be to impose a rationing of coal, oil, and natural gas on the American economy. Each covered utility, oil companies and manufacturing facility would be given allowances based on past emissions or some other formula. The government creates the formula for how much CO2 their allowed to create. Some faceless bureaucrat at the EPA for instance. Those companies that emit less CO2 than permitted by their allowances would sell the excess to those who would not. This is the cap part of cap and trade. By the way, you remember Enron? Ken Lay and those folks where all excited by possibility of this. They thought they could make a fortune, like Al Gwhore is going to make. Over time the cap would be ratcheted down. Ever more tightly... Requiring greater cuts in the emissions of CO2. Electricity prices could jump by 36 to 65% by 2015 and another 85 to 125% by 2050. No analysis has been done by that impact of that. Some estimates say it will increase gasoline prices 26 cents by 2015 and 65 cents by 2050. This is on top of the already high prices that are only going higher. Not only will this mean higher prices for heat and electricity but net job losses in the tens of millions. This is an attack on American industry. We need whats left of our industries here in the U.S. They can thrive and grow under a true free market system. They can not thrive under the level of taxation in this country and by being targeted by the radical religious environmental wackos.

And to think, the nominee for President by what used to be the party of conservatives, John McCain is all for this. There is no way in hell I'll vote for em.

Cantankerous @ OTBL