The sham of a bill (Cap and Trade) that our humble servants in the House of Representatives are passing today is going to bring us rediculous energy prices.
They cross their fingers behind their backs and call this a "green jobs bill" that will help reduce our dependence on foreign oil. Conveniently forgetting that it is their subservience to the environmental lobby that created our dependence on foreign oil.
The truth is, we have more oil than most of the middle east countries that we buy it from, but environmental laws prohibit us from getting it. Don't let somebody qoute some BS US Geological Survey report that says we hardly have any oil or natural gas. Here's why. I have a colleague that bought a house with a natural gas well in 1977. At that time the USGS did a survey and estimated that the well would last 10 years. I talked to him last year (2008) and he still has plenty of natural gas flowing. Safe to say the USGS is a little conservative on their estimates.
The best economists in the country conservatively estimate that Cap and Trade will increase gasoline prices by 75 cents per gallon and the average home's electric bill will increase 90% by 2012.
I don't know about you but I can't afford to be green. Before you go Climate Change on me, chew on this, average annual global temperatures have been DECREASING since 1998!
ITSS (It's The Sun Stupid)
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment