red states rule
05-13-2010, 07:10 PM
Now that Obamacre is on the books, the left now sets out to destroy our nations energy industry. Get ready for the US to have the same "green" economy as Spain
Regulations: Call it cap-and-trade or bait-and-switch, but John Kerry and Joe Lieberman continue to tilt at windmills with a bill to restrain energy growth in the name of saving the planet.
The bill introduced Wednesday and sponsored by the two senators is called the American Power Act, an Orwellian phrase if ever there was one. Like President Obama's offshore drilling program, for every "incentive" there is a restriction. It's as if Hamlet were to be appointed Secretary of Energy.
The legislation has little to do with developing America's vast domestic energy supply. It's cap-and-trade meets pork-barrel spending. It's about regulations, restrictions and research. It does not deal with exploiting America's vast energy reserves but with finding ways to mitigate their alleged harmful effect.
To that end, the bill creates some 60 new agencies and projects to eat up our tax dollars and buy support (see list alongside).
According to a leaked draft summary, there is "$7 billion annually to improve our transportation infrastructure and efficiency" to be paid for by a gas tax that is not called a tax but a "linked fee." There is "$2 billion per year for researching and developing effective carbon capture and sequestration methods and devices." There is even "a new multibillion-dollar revenue stream for agriculture through a domestic offset program." Tilling the soil releases carbon dioxide, don't you know?
Ironically, the draft summary acknowledges the bill will cause energy prices to necessarily skyrocket by promising to "provide assistance to those Americans who may be disproportionately affected by potential increases in energy prices." How about lowering prices and creating jobs by increasing domestic supply?
http://www.investors.com/NewsAndAnalysis/Article.aspx?id=533800
Regulations: Call it cap-and-trade or bait-and-switch, but John Kerry and Joe Lieberman continue to tilt at windmills with a bill to restrain energy growth in the name of saving the planet.
The bill introduced Wednesday and sponsored by the two senators is called the American Power Act, an Orwellian phrase if ever there was one. Like President Obama's offshore drilling program, for every "incentive" there is a restriction. It's as if Hamlet were to be appointed Secretary of Energy.
The legislation has little to do with developing America's vast domestic energy supply. It's cap-and-trade meets pork-barrel spending. It's about regulations, restrictions and research. It does not deal with exploiting America's vast energy reserves but with finding ways to mitigate their alleged harmful effect.
To that end, the bill creates some 60 new agencies and projects to eat up our tax dollars and buy support (see list alongside).
According to a leaked draft summary, there is "$7 billion annually to improve our transportation infrastructure and efficiency" to be paid for by a gas tax that is not called a tax but a "linked fee." There is "$2 billion per year for researching and developing effective carbon capture and sequestration methods and devices." There is even "a new multibillion-dollar revenue stream for agriculture through a domestic offset program." Tilling the soil releases carbon dioxide, don't you know?
Ironically, the draft summary acknowledges the bill will cause energy prices to necessarily skyrocket by promising to "provide assistance to those Americans who may be disproportionately affected by potential increases in energy prices." How about lowering prices and creating jobs by increasing domestic supply?
http://www.investors.com/NewsAndAnalysis/Article.aspx?id=533800