Restricting and taxing energy use to prevent speculative climate disasters will be disastrous

All Pain, No Gain

By Paul Driessen —— Bio and Archives--November 13, 2009

Global Warming-Energy-Environment | Comments | Back To Full Article

“Electricity rates would necessarily skyrocket” under cap-and-trade,” President Obama has admitted. “Industry will have to retrofit its operations. That will cost money, and they will pass that cost on to consumers.” Cap-and-trade, Senator Ben Cardin (D-MD) eagerly observed, is “the most significant revenue-generating proposal of our time.”

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