The Foundry

Posts Tagged ‘energy prices’

• Cap and Trade Will Kill the Travel Industry

  Posted August 17th, 2009 at 5:01pm in Energy and Environment with 21 comments

  Proponents of climate change legislation argue that a cap and trade will stop the polar ice caps from melting. This is critical to island nations relying on tourism as the primary source of economic activity. After all, who’s going to visit an island if it’s completely submerged by water? According to some reports, the Maldive [...] More

• Heritage Foundation Releases Economic Study of Waxman-Markey Cap and Trade Bill

  Posted August 6th, 2009 at 1:07pm in Energy and Environment with 25 comments

  The idea behind cap and trade is to reduce carbon dioxide emissions by putting a price on the right to emit carbon and other greenhouse gases on businesses. Since 85 percent of America’s energy needs are met through carbon-emitting fossil fuels, cap and trade would be a massive tax on energy consumption if enacted. The debate [...] More

• Cap and Trade: What’s the Point?

  Posted July 6th, 2009 at 12:24pm in Energy and Environment with 11 comments

  There’s a point at which you’ve got to ask yourself, what are we doing here? What’s the point?” That’s Elaine Kamarck, a former Clinton administration official and advisor to at that time Vice President Gore, and she’s talking about the Waxman-Markey cap and trade bill. In order to garner enough votes to pass the House of [...] More

• CBO Grossly Underestimates Costs of Cap and Trade

  Posted June 22nd, 2009 at 4:25pm in Energy and Environment with 9 comments

  Last week, the Congressional Budget Office released their analysis of the Waxman-Markey climate change bill that had proponents of the bill claiming we could save the planet for just $175 per household. That was the figure CBO estimated cap and trade would cost households in 2020, which “includes the cost of restructuring the production and [...] More

• Breaking Down the Costs of Waxman-Markey Global Warming Legislation

  Posted June 15th, 2009 at 4:24pm in Energy and Environment with 14 comments

  The idea behind cap and trade is to reduce carbon dioxide emissions by putting a price on the right to emit carbon and other greenhouse gases on businesses. Because fossil fuels emit carbon dioxide, cap and trade becomes a costly tax on fossil fuels and the energy they generate. Since 85 percent of America’s energy [...] More

• “The Domestic Energy Prevention Act” Introduced In the House

  Posted June 10th, 2009 at 10:15am in Energy and Environment with 3 comments

  The last few years have been bumpy ones for energy supplies and prices, but one piece of good news has been the upturn in domestic natural gas production. The reason is a technology called hydraulic fracturing that makes it possible to produce gas in areas where it had previously been deemed infeasible. In effect, high [...] More

• Who Needs a Ways and Means Committee?

  Posted June 4th, 2009 at 1:54pm in Energy and Environment with 0 comments

  The House Ways and Means Committee, the chief tax committee that has jurisdiction over all taxes and revenue-generating programs (social security, medicare, unemployment) is saying “no thanks” to dealing with potentially one of the largest taxes in history, the cap and trade energy tax. From CongressDailyAM: “House Ways and Means Committee Democrats are likely to punt on [...] More

• Video: Does Cap and Trade Mean the End of Parking Tickets?

  Posted May 27th, 2009 at 12:08pm in Energy and Environment with 3 comments

  America is going on a big energy diet. Cap and Trade is the policy that our government is pursuing to force Americans to limit the amount of carbon dioxide that we produce. The problem is that America relies on CO2 emitting fuel sources for 85 percent of its energy. So to force us to use less, [...] More

• Cap and Trade Bill Moves Forward on Waxman’s Artificial Timeline: High Costs Remain (Part 10 in a 10-Part Series)

  Posted May 22nd, 2009 at 10:49am in Energy and Environment with 2 comments

  Rep. Henry Waxman (D-CA) is a man of his words, sort of. He told people he wanted to get a global warming bill that capped carbon dioxide out by Memorial Day and he did: Legislation imposing the first nationwide limits on the pollution blamed for global warming advanced in the House late Thursday, clearing a key [...] More

• Global Warming Bill Isn’t About Saving the Environment or Protecting the Consumer

  Posted May 20th, 2009 at 3:55pm in Energy and Environment with 15 comments

  Policymakers made it quite clear consumers will be hurt by a cap and trade bill. They also made it clear that this isn’t an environmental issue. It’s strictly politics. Representatives Henry Waxman (D-CA) and Ed Markey (D-MA) modified their global warming cap and trade proposal to win support from skeptical congressmen, but when any policymakers [...] More