Get Ready To Grab Your Ankles

[Conan71]

Gas prices will soar.  The government keeps sticking it to the consumer via large corporations.  Don't think for one second these "permits" aren't another tax which will be passed on to the consumer.  70% taxation, here we come.  Please spare the naive debates about how corporate taxes aren't passed to the consumer.

Two ways to make the political donors and profiteers (Algore) in alt fuels viable: government subsidy or hobble big evil oil to the point it becomes uncompetitive.

bucking idiots.


Climate debate grinds on in House committee
By Robert Schroeder, MarketWatch

Last Update: 3:36 PM ET May 19, 2009

WASHINGTON (MarketWatch) -- Debate over a sweeping energy bill that would impose tough climate-change goals dragged on in a House committee Tuesday, as Republicans readied some 400 amendments and continued to oppose the historic measure.

Members of the House Energy Committee adopted an amendment by its former chairman, Rep. John Dingell, D-Mich., to create a new office in the Energy Department that would issue loan guarantees for companies that help reduce greenhouse gases.

But progress was mostly slow oing on the nearly 1,000-page bill, with debate on the Dingell amendment taking up much of the morning session. Committee members are continuing to debate the bill Tuesday afternoon.

Rep. Henry Waxman, the California Democrat who chairs the energy panel, has set a Friday goal to finish the bill. Congress adjourns for its Memorial Day recess Friday afternoon.

Republicans and Democrats are sharply divided over the bill, which forces U.S. companies to buy permits to emit greenhouse gases. The bill requires greenhouse-as emissions to be 17% lower by 2020 than 2005 levels and 83% lower than 2005 levels by 2050.

Opposition is also fierce from the likes of oil giant ConocoPhillips (COP), which said in a statement Tuesday that U.S. refiners will have to buy those permits and bear about a third of the cost of U.S. greenhouse-gas emissions.

"The current emission allowance allocation proposal in the bill fails to provide adequate protection to domestic refiners from unregulated foreign competition and leaves the sector exposed to undue economic harm," the company's statement argued.

Democrats and environmentalists, however, say the bill will create jobs by mandating the use of renewable energy, help slow climate change, and protect U.S. national security by limiting use of foreign sources of energy.

President Barack Obama is strongly backing the bill. On Tuesday, Obama also announced new measures to tighten automobile-fuel-efficiency standards that he said will cut oil use and help the car industry prepare for the future. See full story.

Committee members are expected to continue debating the energy bill Wednesday, Thursday and Friday.

[guido911]

What do you mean "get ready" to grab my ankles. What do you think I have been doing since Jan. 21?

This is the cap and trade that Obama during the campaign said would cause electricity rates to skyrocket:

http://www.youtube.com/watch?v=NLK-U8kggFk

I'm actually in favor of this, just so I can hear stories from the "working people" about how they are freezing in winter because they cannot afford heat. I will skip the "I will not have to worry about paying my mortgage and putting gas in the car" Obamabot.

[Conan71]

What do you mean "get ready" to grab my ankle. What do you think I have been doing since Jan. 21?

This is the cap and trade that Obama during the campaign said would cause electricity rates to skyrocket:

http://www.youtube.com/watch?v=NLK-U8kggFk

I'm actually in favor of this, just so I can hear stories from the "working people" about how they are freezing in winter because they cannot afford heat. I will skip the "I will not have to worry about paying my mortgage and putting gas in the car" Obamabot.

Your a Freeper/Bush/Rush/Hannity/Savage spooner, what do you know?

I can already see the gov't arranging for some nice fuel credit for the people who pay no taxes.  You can also bet there will be a program to subsidize electric rates for those who are, uh, less productive than others.  Oh, and all the while, it will be these big mean oil companies "arbitrarily" raising fuel prices on the poor, unwashed masses.  Shame and scorn will abound down the line from those pinheads responsible for this legislation if it passes.

[guido911]

Your a Freeper/Bush/Rush/Hannity/Savage spooner, what do you know?

I can already see the gov't arranging for some nice fuel credit for the people who pay no taxes.  You can also bet there will be a program to subsidize electric rates for those who are, uh, less productive than others.  Oh, and all the while, it will be these big mean oil companies "arbitrarily" raising fuel prices on the poor, unwashed masses.  Shame and scorn will abound down the line from those pinheads responsible for this legislation if it passes.

For the last time I am a Boortz and Gibson spooner.

[nathanm]

One thing I don't quite grasp about this whole deal is why are companies essentially being punished for past behavior in the sense of being made to buy the initial carbon credits? Just for revenue to offset the deficit?

It seems like the credits should be given away for free. Then increased expense only comes into play if a company wants to expand its operations or chooses to spend money to reduce carbon emissions so they can sell some of their credits.

Edited to add: I hadn't realized this before, but some states are already doing this on their own, including Kansas, which is a signatory to the Midwestern Greenhouse Gas Accord. Go figure. Please continue tilting at windmills.

[mr.jaynes]

For the last time I am a Boortz and Gibson spooner.

Well, Guido, if that's where you get your POV, well America's a free country. But, being an intelligent person as I believe you to be, there are better places to get your information.

[guido911]

Well, Guido, if that's where you get your POV, well America's a free country. But, being an intelligent person as I believe you to be, there are better places to get your information.

Thanks for the advice. Actually, the only reason I listen to them is because Boortz is on when I drive to work and Gibson is on when I drive to/from lunch. After work, it's The Edge. You are right, there are much better places to get info, like here where I (and reportedly Conan) regularly hang out:

www.tulsatruth.org

[joiei]

Thanks for the advice. Actually, the only reason I listen to them is because Boortz is on when I drive to work and Gibson is on when I drive to/from lunch. After work, it's The Edge. You are right, there are much better places to get info, like here where I (and reportedly Conan) regularly hang out:

www.tulsatruth.org

Did you know there are other radio stations?

[RecycleMichael]

Grabbing my ankles sounds like exercise to me.

[Conan71]

Did you know there are other radio stations?

REEEEAAALLY??

[Conan71]

One thing I don't quite grasp about this whole deal is why are companies essentially being punished for past behavior in the sense of being made to buy the initial carbon credits? Just for revenue to offset the deficit?

It seems like the credits should be given away for free. Then increased expense only comes into play if a company wants to expand its operations or chooses to spend money to reduce carbon emissions so they can sell some of their credits.

Edited to add: I hadn't realized this before, but some states are already doing this on their own, including Kansas, which is a signatory to the Midwestern Greenhouse Gas Accord. Go figure. Please continue tilting at windmills.

Nathan, there's going to be many new taxes passed off as "regulations with costs".  Expect it in energy, health care, agriculture, transportation, etc. 

I know you guys get tired of my "imbedded tax" argument on the cost of goods we buy, but it exists with every costly government regulation. 

[nathanm]

Nathan, there's going to be many new taxes passed off as "regulations with costs".  Expect it in energy, health care, agriculture, transportation, etc. 

I know you guys get tired of my "imbedded tax" argument on the cost of goods we buy, but it exists with every costly government regulation. 

I don't think there's anything wrong with monetizing the pollution companies emit. We need to be more aware of the cost of dumping in the commons, and making it cost money is the best way to bring our capitalist system to bear on the issue.

[Cats Cats Cats]

What do you mean "get ready" to grab my ankles.

There is an airport bathroom you should hang out in.  At least that way it would save the party some embarrassment in the future.

[mr.jaynes]

REEEEAAALLY??

A Weekend Update with Seth and Amy reference! I love it!

[guido911]

A Weekend Update with Seth and Amy reference! I love it!

SNL was my first thought, but it was Hader's bit on Keith Morrison that I was thinking of:

http://www.brianorndorf.com/2008/11/snl-datelines-keith-morrison.html