Warner-Lieberman Climate Security Act; Higher Energy Costs Loom for ALL
Saturday, May 31st, 2008The overwhelming majority of Americans oppose paying more for energy that will happen under this Bill before the Senate.
In a new poll taken by the Public Opinion and Policy Center of the National Center for Public Policy Research indicates that the vast majority of Americans would oppose paying more for energy that will happen once the Warner-Lieberman bill (S. 2191) is enacted as law. Well over 65% oppose spending even a single penny to fund the proposals under this very bad bill.
A study by the Heritage Foundation even exposes the myths surrounding this bill and the impact it will have on every single citizen. They outline those quite well and have extensively studied the costs should this bill become law:
Myth #1: LW would not be expensive.
Fact: Simply put, LW works like a massive energy tax. By restricting carbon dioxide emissions from coal, oil, and natural gas–with a freeze at 2005 levels beginning in 2012, to a 70 percent reduction in 2050–the bill forces down supply and thus boosts the price of energy. In fact, if energy prices did not go up, then the targets in the bill would not be met. As energy is the economy’s lifeblood, and 85 percent of it comes from these fossil fuels, the impact will be substantial. Cumulative gross domestic product (GDP) losses could reach $4.8 trillion by 2030, according to an analysis conducted by the Heritage Foundation. The Massachusetts Institute of Technology, the Environmental Protection Agency, Charles River Associates, and the National Association of Manufacturers have all conducted studies predicting significant economic burdens on consumers should the bill be enacted.
Myth #2: The costs fall on industry, not consumers.
Fact: Virtually all the burden imposed by LW falls upon consumers. The bill will spur net job losses well into the hundreds of thousands, and possibly nearing one million. Particularly hard hit is the manufacturing sector where over one million jobs will be lost by 2022 and two million by 2027. The losses in household incomes could reach $1,026 per year by 2015. Annual household energy-price increases could hit $1,000 by 2030, including a 29 percent increase in the price of gasoline from 2008 levels.
Myth #3: Global warming is a crisis that must be addressed at all costs.
Fact: Global warming is a concern, not a crisis. Both the seriousness and the imminence of the threat are overstated. For example, the recent United Nations Intergovernmental Panel on Climate Change report estimates 7 to 23 inches of sea level rise by the end of the century–far less than the widely popularized claims of 18 to 20 feet and little more than ongoing trends over the past several centuries. The attempt to link Hurricane Katrina with climate change is directly contradicted by the World Meteorological Organization and many scientists. Overall, current and expected future temperatures are far from unprecedented, and are highly unlikely to lead to catastrophes.
Myth #4: LW effectively addresses the threat of climate change.
Fact: Even assuming the worst of global warming, LW reduces the threat by a minuscule amount. The bill reduces emissions of carbon dioxide and other greenhouse gases in the United States only. China has overtaken America as the world’s largest emitter, and its emissions growth is several times greater than that of the U.S. India and other fast-developing nations are on a similar trajectory. Thus, the unilateral impact of the bill on global emissions would be inconsequential. At most, it would reduce the earth’s future temperature by one or two tenths of a degree Celsius–too small to even verify. In other words, LW is all economic pain for no environmental gain.
Myth #5: LW’s cap-and-trade approach is a proven success.
Fact: Critics of the cap-and-trade approach in LW, in which emissions are capped and regulated entities may trade their rights to emit, point to the European Union’s substantial difficulties since initiating its own cap-and-trade program in 2005. Most E.U. nations are not on track to meet their targets, and many are seeing their emissions rise faster than those in the U.S. The program is furthermore plagued by accusations of fraud and unfairness. LW essentially adopts the European approach wholesale.
Unless we as American citizens take action now, I can foresee a complete destruction of this nation economically. Is this the precursor to an even greater effort by environmentalists to dominate this nation and take us into a One World Government, all in the namesake of “saving the planet”? One could easily make the case that this is the desire and goal as we look at legislation before Congress today. It also indicates that the Congress has no desire to ever lower energy cost to all of America, and perhaps indicates a far more sinister goal voiced by Environmentalists/Socialists/Liberals.
One way you can support the effort to kill this legislation and make your voice heard, is to go to American Solutions For Winning the Future and sign the petition. With over 100,000 signatures already, it will be a voice to Congress telling them that we need to drill our own oil and do so NOW. They will also be another voice in defeating the Warner-Lieberman “Destroy America” act. Unless you do so, the consequences will be dramatic to the United States. If you really care about seeing your children grow up in the same nation you know today, then every voice needs to shout their opposition.
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