Thursday, March 4, 2010

$7 a Gallon Gas ???

Below is from the site JustOneMinute

"While Congress busies itself not passing the Waxman-Markey cap-and-trade bill, they can also go ahead and not deal with this:

"To meet the Obama administration’s targets for cutting greenhouse gas emissions, some researchers say, Americans may have to experience a sobering reality: gas at $7 a gallon.

"To reduce carbon dioxide emissions in the transportation sector 14 percent from 2005 levels by 2020, the cost of driving must simply increase, according to a forthcoming report by researchers at Harvard’s Belfer Center for Science and International Affairs.

"The 14 percent target was set in the Environmental Protection Agency’s budget for fiscal 2010."

One of the best comments on this post said: "So we win the trifecta: we raise the prices of American-made products, we lose American jobs, and we cause a net increase of greenhouse gas emissions! But hey -- we feel good about ourselves for "saving the planet"!"

I was alerted to the this by Pundit and Pundette's little section on the right hand side titled 'Today's Recommended reads' that often leads me to interesting things I would have never otherwise known about.


srdem65 said...

Is the $7 a gallon before or after the state's fuel taxes are assessed?
Just a thought; everything we eat, wear, own and touch is delivered by truck and trucks (big rigs) get 6 miles to a gallon of diesel.
A load from LA to Cleveland Ohio would cost the trucking company...$7 a gallon x 1800miles = way more than we're prepared to pay.
Inflation would be unmanageable, depression would be unavoidable.

Chris M. said...

I am not sure but I thought that is before state tax.
I am beginning to wonder if Obama even understands the concept of inflation or the devastation it can wreck. If you listen to his speeches and what he says in public he seems to be nearly lacking historical knowledge or curiosity.