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Politics : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (8442)	5/23/2009 7:37:55 AM
From: steve harris	Read Replies (1) \| Respond to of 86356

If you don't want to discuss Obama's policies and his unprecedented illegal actions, that's fine. I couldn't defend them either...

To: RetiredNow who wrote (8442)	5/23/2009 7:39:58 AM
From: RetiredNow	Respond to of 86356

CAP and Trade is a bad idea. Good intentions are becoming another boondoggle for everyone. They should have just had the balls to put a straight tax on gasoline and on carbon emissions. Landmark Climate Change Bill Heads For House ... "Under a true cap-and-trade system, you would allow the true price of carbon to rise to whatever level the market sets it at," he says. "But policymakers are afraid of the public backlash from rising energy prices." ... Critics Say Loopholes Could Increase Emissions So with these loopholes, companies can borrow chairs — or permits — from the future. Or they can pay someone to plant trees halfway around the world. That's what European companies have been doing with their cap-and-trade system. And that system, so far, hasn't reduced greenhouse gas emissions. "Earlier this year, the German environment minister actually said yeah, that's the great thing about our program, we can continue to build coal-fired power plants while claiming to reduce our emissions," Shellenberger says. His think tank figures that the loopholes in the Waxman-Markey bill are so big that instead of U.S. emissions dropping, they could actually rise by 9 percent between 2005 and 2030. That's a worst-case scenario, but Romm at the Center for American Progress agrees these provisions are potentially a problem. "We will have bugs to iron out, but I do believe the system will work," he says. That is, if it's able to pass both the full House and then the Senate. And at the moment that's a long shot.