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    "Special Interests" Love Cap and Trade

    In his weekly radio and Internet address this past Saturday, President Barack Obama predicted that his agenda would draw attack from “special interests and lobbyists” on several fronts. If by “attack” he meant “support” than Obama is 100% correct. The Center for Public Integrity released a study last week reporting … More

    Breaking Down the Energy Budget

    Looking at the energy sections of the budget blueprint released Thursday, two themes come to mind. Theme #1 Let’s give The Department of Energy (DOE) and Environmental Protection Agency (EPA) more money. DOE’s budget for the fiscal year 2009 is just shy of $34 billion, up dramatically from $24.1 billion … More

    The EPA, the Budget and Global Warming

    President Obama released his budget blueprint yesterday. Titled, “The New Era of Responsibility,” the full 140-page blueprint, broken down by department, can be found here. The Environmental Protection Agency’s budget, which balloons from $7.8 billion in 2009 to $10.5 billion in 2010, includes the following paragraph: After enactment of the … More

    Cap-and-Trade vs. Carbon Tax: CO2 Crowd Breaking Ranks with President?

    In last night’s speech, President Obama remarked, “So I ask this Congress to send me legislation that places a market-based cap on carbon pollution and drives the production of more renewable energy in America.” Today the House Committee on Ways and Means held a hearing on the scientific objectives for … More

    The Carbon Trading Boondoggle: Evidence from Europe

    Apparently people forgot to mention to the central planners in Europe that prices fall during a recession. That includes carbon prices: Set up to price pollution out of existence, carbon trading is pricing it back in. Europe’s carbon markets are in collapse. A year ago European governments allocated a limited … More

    Will Carbon Trading End Up like the Subprime Mortgage Crisis?

    Vincent de Rivaz, CEO of the UK arm EDF energy, made an interesting but frightening comparison when talking about trading carbon credits under the European Union’s cap-and-trade program: We like certainty about a carbon price. [But] the carbon price has to become simple and not become a new type of … More

    Global Warming Not a Priority

    In Tuesday’s inaugural address, President Barack Obama delivered the following words: Today I say to you that the challenges we face are real. They are serious and they are many. They will not be met easily or in a short span of time. But know this, America — they will … More

    Obama: 'Under My Plan, Electricity Rates Will Necessarily Skyrocket'

    [youtube]http://www.youtube.com/watch?v=ydqg7ThZB04[/youtube] When President-elect Barack Obama discusses his cap-and-trade policy (it gets good around the 32-second mark), at least he acknowledges “electricity rates will necessarily skyrocket.” I’m not sure why this isn’t getting more attention. People in this country were outraged when gas was $4-per-gallon. They assumed oil companies were artificially … More

    Morning Bell: Obama's Undemocratic Plan to Tax Everything You Do and Send the Money to Kuwaiti Millionaires

    Despite the 5,800 miles between them, events yesterday in Poznan, Poland, and Sacramento, California, shed a frightening light on the direction President-elect Barack Obama’s administration wants to take our country on energy policy. First in Poznan, Sen. John Kerry (D-MA) promised delegates at an international climate conference that “Congress and … More

    Cap and Trade's Inevitable Central Planning Conclusion

    Last week the Government Accountability Office (GAO) published a report confirming what anyone who knows anything about how markets actually work already knew: the European Union’s cap and trade policy has been a complete failure. According to the report the “price on carbon emissions fluctuated” making the system’s “cumulative effect … More