Get ready for higher electricity prices In an interview with the San Francisco Chronicle, Obama says:
…under my plan of a cap and trade system, electricity rates would necessarily skyrocket…whatever the plants were, whatever the industry was, they would have to retrofit their operations. That will cost money. They will pass that money on to consumers. video
Without an artificial price floor on energy we will never convert to clean energy alternatives. That will only come when r&d budgets of our largest engineering, chemical, and energy corporations are used to develop them. Without scalability built into the system, developed and developing countries will continue to build more and more coal fired electric plants and our planet will be rendered uninhabitable. Without a guarantee that clean energy can compete with cheap but dirty coal no corporation will gamble its billions in a fluctuating price market. It is estimated that it will take 20 years to develop these alternative sources and infrastructure. In the mean time, jobs will be created, and in the long run energy prices will come down. In the end, we will have saved the planet from out of control atmospheric heating, dramatic weather pattern change, and mass die-off of species.
ReplyDeleteDreadful Anonymous
I betcha Rose smiled when Obama's Grandmother passed today
ReplyDelete7/19 - you truly are a sick #@*#. And D.A. - how elitist to wish us all go bankrupt until the time you get what you want. This recession was caused by two things: 1) the tampering of the housing market by the ultra left and failure by them to reign in Fanny Mae and Freddy Mack and 2) the sky rocketing of gas prices. So now DA you support a person who will raise our taxes and make sure our energy costs sky rocket even further.
ReplyDeleteHow stupid of you.
Want some Kool-aid? Its got a sedative.
ReplyDeleteDred
No I will leave the Kool-aid drinking to you. Don't think it has a sedative though - perhaps it has a brain emptying quality given the contents of your posts on this blog.
ReplyDeleteShouldn't you be out today trying to mislead little old ladies who are trying to vote? It would be true form for you Dred, true to form.