The Only Thing Cap And Trade Will Do Is Line The Already Plush Pockets Of Wall Street Bankers

Thomas Jefferson said in 1802:

'I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property - until their children wake-up homeless on the continent their fathers conquered.'

New York Senator Kirsten Gillibrand says carbon permits could be a “boon” for the Big Apple’s financial sector, creating a commodities that is valued “as much as $3 trillion by 2020.” (according to Wall Street Journal article).  That statement alone may not mean much to you. However, when you put it in context…

Free Enterprise Beats Government Regulations & Creates Jobs

The extreme environmentalists paint conservatives as opposed to the environment.  That is simply not true, what we do support is a balance in the solutions.

The extremists want a Cap and Trade bill that will kill jobs.  Cap and Trade is a tax that, at a minimum, will cost the same amount as the Healthcare Bill.  At least $1 trillion, maybe as high as $3 trillion.  Those are big numbers. To put it in some sort of perspective, if you were trying to spend just one trillion dollars you would have to spend a million dollars a day - for more than 2740 years!  We simply cannot afford to spend that kind of money.

Tax increases kill jobs

The bigger the tax increase, the more jobs that are killed.  Generally, I believe the free market will solve the problems on their own.

Hurricane Expert Rips Climate Fears:

"There has been an unrelenting quarter century of one-sided indoctrination"

Climategate revelations 'are but the tip of the iceberg'

While reading the above story we also found the iceberg.  This won't get any more press in the US than the entire climategate scandal did, but the spin doctors must have gone into full force within minutes of the leaked emails.  Interesting that the truth is always found out - even if it is never reported by the media.  Thank goodness that for every Lord Stern there is a Lord Monckton.

Obama Administration Says One Thing Does Another On Energy Development

There comes a point where people need to realize that you can't take public statements from this administration seriously.  There are just too many examples of spin and flat out lies to actually believe the press releases.  Recently, energy Secretary Salazar and President Obama said that "oil, gas and coal will continue to play an important role in our energy mix."  But apparently there is almost no emphasis on the first three - it's all about the "mix," whatever that is.

The facts are that the Obama Administration has blocked development of oil and gas reserves on public lands at a record pace.  President of the Institute for Energy Research, Thomas J. Pyle states that "President Obama and Secretary Salazar may speak of responsible, homegrown energy development, but their actions are in direct contrast to their words.  In fact, this administration has kept more publicly-owned federal lands off-limits from energy development this year than any on record."

Global Warming Computer Hackers

Conservatives and liberals all agree that we need to do everything we can to save and protect the environment.  Many of the suggestions coming from the liberals will kill jobs.   I prefer win-win solutions to those that protect the environment and protect our jobs and economy.

 One of my problems with global warming advocates is that their suggestions will cost many Americans their jobs, yet they are casual about the scientific evidence.  They are willing to ignore any evidence that contradicts their arguments.  The winter of 2007 broke all cold records.  There was ice in Viet Nam that year.  I was there for the better part of 3 years—winter, summer, fall and spring—and there was no ice, no winter at all. But two years ago, thousands of cattle froze.  The global warming advocates refused to include that winter in their calculation because it messed up the model.  They exclude forest fires and volcanic eruptions both of which dwarf human inputs of carbon in the atmosphere.

Cap And Trade Is A New Payoff Machine For Democrats

Source: Ad Hoc Coalition of Small Business Refiners

Under a strict cap and trade program all of the above allowances (meaning 100%) would be auctioned off to find the "true" Market price for carbon. However, as can be expected with any government program where the government is looking to curry favor with one group or another, a number of allowances are being doled out for free - to win votes. It is a true game of the government picking the winners and losers before the game ever even starts.

Waxman-Markey (the cap and trade bill) doled out its allowances along the lines of the chart above.  In that chart you will see that 16.5 % will be truly auctioned.  The remaining 84.5% are given away for free over a limited period of time that ratchets down.

What was the refining industry's portion of these free allowances under Waxman-Markey? Under Waxman-Markey refiners have two categories of GHG emissions that they became obligors for, process emissions and consumer emissions.

If there is one thing T. Boone Pickens knows how to do, it is make money. When T. Boone gets behind something, financial gain is the incentive. There is nothing wrong with making money, but his motives cannot be viewed as purely altruistic. When the price of natural gas was high, he advertised converting the world to wind power as wind power needs back-up base-load power and the only source that can ramp up and down quickly is natural gas. Now that natural gas prices are lower, he no longer promotes wind power. He is, however, pushing a new scheme to increase natural gas usage. Natural gas is a clean-burning fossil fuel, so using more natural gas is good.

 However, when T. Boone partners with Congressman Harry Teague, one has to look askance. At best, Teague appears to be a bit schizophrenic.