Wait, maybe it's really NOT the same bill, not even cleverly disguised. Maybe it is just a climate change bill. Maybe it doesn't really have a costly impact on energy. If Reid, Pelosi and Obama are involved, you may consider it expensive from the start.
I can't believe you think this will cost citizens anything extra. Didn't Obama and his hench people tell us that Obama Health wouldn't cost us extra. You are right, maybe I just got it wrong. Lost somewhere among the dubious estimates of how much this bill would cost U. S. citizens.
Get this, the bill is now called the American Clean Energy and Security Act. It's the energy part of the bill. And it's been all but ignored.
Did you know...
1. Carbon and other greenhouse gases will eventually be capped or taxed.
2. The Supreme Court has already granted the EPA authority to do this via its ruling on a multistate lawsuit.
3. That gives the EPA power to regulate CO2 — with or without Congress.
Perhaps you missed this policy detail that broke in February, I think.
What we need?
Instead of worrying about emissions, why not simply create an investment for companies interested in developing and marketing American made products under this broad spectrum category.
Why not a mixture of energy from the usual suspect sites and from the new and growing list of renewables.
While I like any bill that opens up drilling on and off shore, I want a balance of the renewables and the older fossil fuels for as long as we need it. I can't be for anything that cost the American Taxpayer anymore than it does right now. There is a version of the new bill that includes opening up large areas of offshore drilling, funds for cleaner coal, and a new gas pipeline in Alaska. How hard was that?
If Congress and this President will allow us time, Americans and American industry will make it there in time and do a better job of it than the vaulted Chinese.
A separate Senate bill considers capping emissions. It is not time to cap anything much. Because the cap increases costs to each American household.
If the Senate tacks on their provisions to the House version — and strips out the Cap and Trade Title — we could actually see passage of a REAL energy bill this year. One that placates both sides of the aisle. One that significantly boosts renewable energy while still making significant contributions to the oil, gas, coal, and nuclear industries. One that would leave the door cracked for the EPA to regulate emissions sans Congress.
And one that would make energy investors nice profits as it was enacted.
Of course, there are optimists and I am one of them. The energy bill could always fall victim to the Congressional process and nothing happens.
Note: Would it surprise you to know that 32 states already have some form of renewable electricity mandates — some more strict than the national policy.
Maine's 40% renewable requirement by 2014, for example, makes Congress's 12% by 2020 look paltry by comparison. And, it will happen whether Congress acts or not.
States with good solar resources, like Arizona, could pursue a solar-intensive renewable energy standard. North Dakota could use more wind. And so on.
Energy policy could be tailored to individual states and could have better results than a one-fits-all energy policy.
Then, you just have to wait and see how many of those abstaining 18 states adopt progressive energy policies when:
1) compare how well it works in other states,
2) they realize long-term energy prices would be lower with renewable energy,
3) fossil fuel prices once again reflect their looming scarcity, and
4) the executive branch sidesteps the legislative process to limit emissions.
The bottom line here is that we should be focusing on the energy part of this bill. Doing a good job of that, even if it means nixing cap and trade at the moment, would do much to help secure our energy future, increase efficiency, and help stabilize long-term energy prices.
Everything we just spoke about will bring investors...oops, already has. And, that will be better for the American Citizen. Day traders and investors will show us the way!!!
Obama and his team need desperately to stay out of this mess. Nothing he has done makes me one bit comfortable. The Truth...Everything else costs too much.
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