Friday, May 16, 2008,5:19 AM
McCain's Plan To Stop 'Global Warming'
I don't know whether to laugh or to cry:

Senators Warn Bill Could Spike Gas $1.50 to $5 a Gallon
By Jeff Poor, Business & Media Institute

Worried about gas prices hitting $4 a gallon and beyond? Imagine if they were $6, $7 or even $8 a gallon. Those levels are a certain possibility should Congress pass cap-and-trade legislation, which could face a vote in early June.

Oil is trading at record levels, in excess of $120 a barrel. Leading Republican Sens. James Inhofe (Okla.) and Jeff Sessions (Ala.) both told the Business & Media Institute (BMI) energy prices would drastically increase if the Lieberman-Warner Climate Security Act (S. 2191) is signed into law.

“The studies show it would be directly affected, would be a $1.50 a gallon, in addition to what it is today,” Inhofe, the ranking Republican on the Senate Environment and Public Works Committee, said to (BMI). (link)

Yes, that would be our senior senator - John Warner - who is sponsoring the bill, trying desperately to get in one last act of treachery before retirement.

This scheme, by the way, called cap-and-trade, was adopted in Europe a decade ago and has proven to be an utter failure. Perhaps someone should wake John Warner up and tell him about a recently released report on the plan he and John McCain intend to bring to America:

New report finds that the EU’s key environment policy is failing
Open Europe

Open Europe today releases a major new study: “Europe’s Dirty Secret: Why the EU Emissions Trading Scheme isn’t working”.

Almost everyone now acknowledges that the first phase of the system - running from 2005 to 2007 - has been a failure: more permits to pollute have been printed than there is pollution. The price of carbon has collapsed to almost zero, creating no incentive to reduce pollution. As a result, UK firms covered by the scheme increased their emissions by 3.6% in the first year alone. Across the EU, emissions from installations covered by the ETS rose by just under 1%. (link)
- The first phase of the cap-and-trade scheme "has been a failure."

- Since the adoption of this scheme, emissions have risen.

And "Republicans" - led by John McCain and John Warner - are hell bent on bringing this monster to the USA.

And to raise prices at the pump to $8 a gallon.

They've lost their freaking minds.
 
posted by Jerry Fuhrman
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