The Democrat Rhetoric:Energy Independence…Not!
Today’s papers reported on the wild Democrat schemes for energy independence and control of man-made globe warming. The U.S. House of Representatives passed H.R. 6 the Creating Long-Term Energy Alternatives for the Nation Act. By Heritage Foundation accounts this bill will worsen our dependence on foreign oil, increase our energy bills, and all for nothing, since there’s no definitive link between so-called greenhouse gases and a warm globe.
Deval Patrick and Secretary of the Executive Office of Environmental Affairs, Ian Bowles, announced today that Massachusetts will rejoin the Regional Greenhouse Gas Initiative. Romney withdrew Massachusetts from the seven-state initiative in 2005. The now eight-state initiative includes Connecticut, Delaware, Maine, Massachusetts, New Hampshire, New Jersey, New York, and Vermont. Other states such as Pennsylvania and a couple of Canadian Provinces are also considering jumping in.
Untimately, the objective of the initiative is to provide a regulatory framework to require electric power generators to purchase carbon dioxide emmission permits for each ton released. If I understand the process correctly, these will be tradeable permits allowing those plants that wish to release more carbon dioxide to purchase additional permits. Sounds like a wonderful market oriented program except for two things: electric bills will increase and we’re not even sure that man-made globe warming is occuring!
The only outcome of both state and federal schemes is high electic bills and gas prices at the pumps! Take a look at this WSJ Column about the Melting Algore to find out what we get for all of this.