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But just think of all the 3rd world peasants we'll be helping out by running off all our domestic manufacturing jobs.................
http://www.ins uteforenergyresearc...doing-nothing/
Pretty incredible reading at the link. F the Dems.When we combine the above paragraph with the CBO’s projections of allowance prices under Waxman-Markey, we reach some startling conclusions. First, if we use the two low-end estimates of the global SCC (namely $5 and $10 per ton), then from the year 2012 onward, the price of allowances under Waxman-Markey is inefficiently high. In other words, American businesses would, from day one, be paying more for a permit to emit carbon, than the global damage resulting from an additional ton of emissions.
Second, if we use the mid-range estimate of the SCC, namely $19 per ton in 2007, then by the year 2028, and continuing from that point onward, the cost of an allowance under Waxman-Markey will be too high. (The reason is that the price of allowances grows at 5.6 percent, while the SCC grows at only 3 percent.) The inefficiency gets worse and worse over time, so that by the year 2050, the CBO projects a price of a carbon allowance of $119 (with rounding), whereas the mid-range estimate has the social cost of carbon in the year 2050 at only $68 per ton. That is an enormous discrepancy.
But just think of all the 3rd world peasants we'll be helping out by running off all our domestic manufacturing jobs.................
True/Slant declares the bill dead in the US Senate.
Good. Hopefully it stays that way.
I had read recently that cap+trade was on life support, I am glad to hear again that its demise is imminent.
Meanwhile, people are getting rich at it. Is it true there are vending machines at the San Fransisco Airport where you can buy Carbon Credits? I heard they are selling them at 60 times the going rate!
Must make the lib s of SF feel good I guess.
More power to them. I'm all for people self-imposing whatever taxes on themselves that they see fit. Just keep the gawt damn government out of it.
Anyway, for anyone curious:
San Francisco Int'l Airport is first in U.S. to offer carbon-offset kiosk program
It's funny actually. hing for the liberal tree huggers, just wish I would have been in on taking their money
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