Look what a reader sent me today. She was patiently waiting while she filled up her gas tank at her local Valero gas station, when she noticed Uncle Sam staring back at her from the pump, with an alarming message– that filling the tank in the future could cost approximately $15 MORE than it does now. What!! This will happen if the Cap and Trade bill passes the Senate sometime this fall, the House already passed their version earlier this year. H.R. 2454 – American Clean Energy and Security Act of 2009.
If you are not aware, this is Obama’s solution to slow down global warming oops, climate change. Watch the following videos as he explains his plan:
Needs to send price signals to change behavior
We need to do a better job conserving energy. Americans like to drive their big SUVs and leave the lights on in the house.
It won’t be painless.
This second video he describes the effect on electricity prices because of the effect on coal. If you are in Arizona, Nevada or California, you probably don’t think you use coal, but you do. The Navajo Generating Station near Page, Arizona is coal powered.
Not one single dime, just 17,610 dimes!! Pretty sneaky wordy he has.
Here is where he wants to basically bankrupt the coal industry:
The cap and trade price tag was finally released last week. This was reported by Dan Weil at Newsmax, Sept 17, 2009. Realize this is for every American household, some of those will get credits, so if you pay your taxes, it will probably be higher:
The Obama administration has concluded privately that a cap-and-trade law would cost every American household $1,761 a year — or a national total of nearly $200 billion a year, the equivalent of hiking personal income taxes by about 15 percent.