Sunday, May 10, 2009

Energy prices to soar under Obama's cap and trade plan

Joe Barton at The Washington Times:

Fast forward to this week. Without actual numbers or the resulting cost estimates, we're left to ponder the broad ranges of economic damage. The news is necessarily vague, but none of it is good. Your electricity bill will increase by 77 percent to 129 percent. Filling up your gas tank will cost anywhere from 60 percent to 144 percent more. The cost of home heating oil and natural gas will nearly double.....

If Democrats manage to pass a cap-and-trade fiasco, millions of lost American jobs will likely pop up overseas. 

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