Simple Math: Cap & Tax and Your Light Bill
Following up the Obama video bragging about skyrocketing electricity prices, we found this very simple explanation about just how much Cap and Trade will cost everyone from the everyday Joe Six-Pack to the EEEEVIL “Big Electric (spelled r-a-t-e-p-a-y-e-r-s):
According to Bob Zubrin, American aerospace engineer and author (The Case for Mars, 1996): “Burning one ton of coal produces about three tons of CO2. [Added weight of oxygen in combustion, I assume. - Ed.] So a tax of $15 per ton of CO2 emitted is equivalent to a tax of $45/ton on coal. The price of Eastern anthracite coal runs in the neighborhood of $45/ton, so under the proposed system, such coal would be taxed at a rate of about 100 percent. The price of Western bituminous coal is currently about $12/ton.
This coal would therefore be taxed at a rate of almost 400 percent. Coal provides half of America’s electricity, so such extraordinary imposts could easily double the electric bills paid by consumers and businesses across half the nation. In addition, many businesses, such as the metals and chemical industries, use a great deal of coal directly. By doubling or potentially even quadrupling the cost of their most basic feedstock, the cap-and-trade system’s indulgence fees could make many such businesses uncompetitive and ultimately throw millions of working men and women onto the unemployment lines.”
It doesn’t get much simpler than that!
And another easily digested tidbit (would go great with a nice Chardonnay): Earth’s atmosphere today contains about 380 ppm CO2 (0.038%). Compared to former geologic times, our present atmosphere, like the Late Carboniferous atmosphere, is CO2- impoverished! In the last 600 million years of Earth’s history only the Carboniferous Period and our present age, the Quaternary Period, have witnessed CO2 levels less than 400 ppm.
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American Tradition Partnership (ATP) is a no-compromise grassroots organization dedicated to fighting the radical environmentalist agenda. We support responsible development of natural resources and rational land use and management policies. Only together can we protect access, private property rights, and affordable energy for all Americans!