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.