The probability of cap and trade becoming law rapidly diminished as more and more people saw it for what it truly is: a national energy tax. Since 85 percent of our energy comes from carbon-emitting fossil fuels, and the goal of cap and trade is to reduce carbon dioxide, a cap-and-trade system would raise the price of energy to discourage its use. Politicians knew very well that Americans wouldn’t stand for a national energy tax—especially during an election year—so despite several murmurs, the Senate failed to move legislation forward. Now, …
In the midst of a crisis in the Gulf, some Senators are making a final push to pass energy and climate legislation this year. Senators John Kerry (D–MA) and Joe Lieberman (I–CT) are introducing a scaled-back version of their original cap-and-trade bill but still want to maintain a carbon cap. Senate Majority Leader Harry Reid (D–NV) wants to bring an energy bill up for debate the week of July 26 that addresses the oil spill response and a greenhouse gas reduction plan for utilities only. A draft leaked from Senator …
The front page of USA Today claims: “President Obama’s attempt to use the Gulf of Mexico oil spill to help propel comprehensive energy legislation has failed.” Don’t believe it for a second. On Monday the Obama administration reissued a ban on offshore oil drilling in the gulf after federal courts twice invalidated the first ban, calling it “arbitrary and capricious.” The new ban is, if anything, more restrictive than the first, thus guaranteeing even more job losses for the already devastated Gulf region. Meanwhile, Majority Leader Harry Reid (D-NV) is …
Sen. Jeff Bingaman (D-NM) went on the Jim Villanucci Show on Tuesday and lauded the “more intelligent level” of public discussion that the Fairness Doctrine fostered in decades past. Bingaman obviously doesn’t believe the Fairness Doctrine gives Americans a raw deal. Hear it for yourself below. [youtube]http://www.youtube.com/watch?v=veF2KNlHW6w[/youtube]
