Canceled.LTroll.29
Banned
"The tradeoff: the economy or the environment? There’s no free lunch. A bigger emissions cut will cost more than a smaller cut. It will raise energy prices more, it will require more-expensive technology, it will deepen concerns about U.S. economic competitiveness against developing countries, like China, that haven’t committed to emission caps. There are myriad studies about how much all this will cost the economy, but fundamentally the debate here is over where to draw this line. Should the bill err on the side of giving companies carbon-price certainty, as carbon-tax proponents want, or on the side of slashing emissions hard, as environmental groups want? Complex price-control mechanisms in the Boxer amendment to the bill attempt to strike a balance. Expect big pressure to shift it.
Nothing much will happen. With gasoline prices nearing $4 a gallon as the summer driving season approaches, and with a presidential election five months away, essentially nobody expects the Senate now to actually pass climate legislation, because doing so would push up the energy prices that voters pay. This week’s fight on the Hill is about establishing talking points for the election – and battle lines for the real policy fight expected in 2009 or 2010. There will be lots of atmospherics this week, but they’ll probably have little effect on the atmosphere."
http://blogs.wsj.com/environmentalc...guide-to-todays-senate-climate-bill-slugfest/
"there is a group of people conspiring to make energy more expensive for Americans. That group is the U.S. Senate, and this week it will debate a bill that would impose a cap-and-trade system on greenhouse-gas emissions. By rationing the use of fossil fuels, the bill would lead to higher coal, natural-gas, and petroleum prices, even though the prices of those commodities are already at historic highs. Everybody knows about oil prices; less well known is that the price of natural gas recently reached its highest point since Hurricane Katrina disrupted supplies in September of 2005. Coal prices have tripled in the past year due to global shortages.
In short, now would be an exceptionally bad time for Congress to make energy more expensive. Yet that is precisely what the cap-and-trade bill sponsored by Sens. Joseph Lieberman and John Warner would do. Under a cap-and-trade system, a company can only emit greenhouse gases up to a certain limit (the “cap”). If it exceeds that limit, it must purchase allowances, either from the government or from other companies that are under their limits (the “trade”).
Estimates vary, but every credible analysis of the Lieberman-Warner bill concludes that it would increase household electricity bills and the price of gasoline while creating a drag on economic growth, with the manufacturing sector bearing most of the burden. The Energy Information Administration estimates that the Lieberman-Warner bill would increase average annual household energy bills by $325 over the next 10 years and $723 over the next 20. An Environmental Protection Agency analysis of a similar cap-and-trade proposal found that gas prices would rise by 26 cents per gallon. Energy-price increases will hit manufacturers the hardest. The EIA concluded that the Lieberman-Warner bill would depress manufacturing output by 9.5 percent by 2030."
http://article.nationalreview.com/?q=NGNkNWFjNTYwYTM2Yzc2NjIxMjMwMzE3MjNhZjc4MTU=
Nothing much will happen. With gasoline prices nearing $4 a gallon as the summer driving season approaches, and with a presidential election five months away, essentially nobody expects the Senate now to actually pass climate legislation, because doing so would push up the energy prices that voters pay. This week’s fight on the Hill is about establishing talking points for the election – and battle lines for the real policy fight expected in 2009 or 2010. There will be lots of atmospherics this week, but they’ll probably have little effect on the atmosphere."
http://blogs.wsj.com/environmentalc...guide-to-todays-senate-climate-bill-slugfest/
"there is a group of people conspiring to make energy more expensive for Americans. That group is the U.S. Senate, and this week it will debate a bill that would impose a cap-and-trade system on greenhouse-gas emissions. By rationing the use of fossil fuels, the bill would lead to higher coal, natural-gas, and petroleum prices, even though the prices of those commodities are already at historic highs. Everybody knows about oil prices; less well known is that the price of natural gas recently reached its highest point since Hurricane Katrina disrupted supplies in September of 2005. Coal prices have tripled in the past year due to global shortages.
In short, now would be an exceptionally bad time for Congress to make energy more expensive. Yet that is precisely what the cap-and-trade bill sponsored by Sens. Joseph Lieberman and John Warner would do. Under a cap-and-trade system, a company can only emit greenhouse gases up to a certain limit (the “cap”). If it exceeds that limit, it must purchase allowances, either from the government or from other companies that are under their limits (the “trade”).
Estimates vary, but every credible analysis of the Lieberman-Warner bill concludes that it would increase household electricity bills and the price of gasoline while creating a drag on economic growth, with the manufacturing sector bearing most of the burden. The Energy Information Administration estimates that the Lieberman-Warner bill would increase average annual household energy bills by $325 over the next 10 years and $723 over the next 20. An Environmental Protection Agency analysis of a similar cap-and-trade proposal found that gas prices would rise by 26 cents per gallon. Energy-price increases will hit manufacturers the hardest. The EIA concluded that the Lieberman-Warner bill would depress manufacturing output by 9.5 percent by 2030."
http://article.nationalreview.com/?q=NGNkNWFjNTYwYTM2Yzc2NjIxMjMwMzE3MjNhZjc4MTU=
