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What is Cap and Trade?
By Curious
Published/Last Modified on Friday, November 20, 2009 5:08 AM CST
I keep hearing on the news and radio talk shows about Obama's Cap and Trade and how it will destroy the oil and gas industry here. Can someone explain to me what is Cap and Trade and how it will effect the oil and gas industry here? Please explain so I, an everyday person, not affiliated with government or politics can understand. When I read on the internet, i still don't know what they are talking about.
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Comments
technology wrote on Dec 10, 2009 8:11 PM:
Tom wrote on Nov 20, 2009 4:52 PM:
The hope of having windmills and solar panels replacing fossil fuels, with today’s technology, is a joke. "
Tom wrote on Nov 20, 2009 4:52 PM:
As others have pointed out, it is simply a tax on industries that generate CO2, such as electrical utility companies. That tax will be passed on in the form of higher costs to all users of electrical energy. Every producer that uses electricity must increase their product prices to compensate for their added costs.
It is impossible to calculate the damage cap and trade will to our economy. "
Hey Informed wrote on Nov 20, 2009 3:43 PM:
Outraged wrote on Nov 20, 2009 12:10 PM:
You see GE's CEO is a advisor to Obama and GE has a large investment in WIND TURBINE energy which can't compete with conventional energy!!! Obama is going to TAX everyone and give the money to GE so they can prosper at taxpayer's expense!!! It's sort of like when Obama saved GM & Chrysler!!! You see the unions help elect Obama so Obama paid them back by bailing out the automakers and WE are now SUBSIDIZING the HIGH union wages for these companies that were too-big-to-fail!!! "
Cajun Smokehouse wrote on Nov 20, 2009 11:50 AM:
It will cripple American industries and make them pay double what other industries pay in foreign countries and ruin the economy! It will double your light bill and all things you buy that are produced by energy! Which is about everything! "
informed wrote on Nov 20, 2009 9:32 AM:
It is not the end of the world like a lot of anti Obama groups would like you to think. It will actually encourage the alternative energy industry and help us be less dependant on foreign oil . That is a good thing. "
its a huge tax on every living person wrote on Nov 20, 2009 5:36 AM: