Cap & Tax

The Sun Causes Global Warming and Cooling …Climate Change!!

Links to the most comprehensive scientific reports are included below.

The Waxman/Markey (Cap & Tax) Energy Bill (1,428 pages) is the largest regressive tax (hurting the poor the most) ever proposed.

"Energy costs will necessarily skyrocket." (Barrack Obama in his own words)

Obama's cap & trade plan will raise your utility bill

Bankrupt coal industry and coal electrical generation in his own words (49%% of our electrical generation)

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On 03/09/2009 a 98-page report on climate change was produced by the Environmental Protection Agency (EPA). This is the most comprehensive and up-to-date report by the EPA on climate change. Author - Alan Carlin (38 years with the EPA, B.S. – Physics from California Institute of California (Cal Tech), PhD. Economics - Massachusetts Institute of Technology (MIT).

1.2 Global Temperatures Have Declined Significantly
Global temperatures have declined (Figure 1a) - extending the current run of time with a statistically robust lack of global temperature rise to eight years (Figure 1b), with some people arguing that it can be traced back for 12 years (Figure 1c).
Here is the full report with great tables, graphs and bibliography.

This report has been ignored by our political representatives; it has been suppressed and is not on the EPA website any longer. The whole premise of the legislation is a hoax and a fraud that would cost all Americans $Trillions and millions of jobs.

Climate Change Reconsidered – 880 page 2009 report – Heartland Institute
In April, the Polish Academy of Sciences published a document challenging man-made global warming….Dr. Kiminori Itoh, a Japanese environmental physical chemist who contributed to a U.N. climate report, dubs man-made warming "the worst scientific scandal in history." Norway's Ivar Giaever, Nobel Prize winner for physics, decries it as the "new religion."
From the “Better Than Fiction Files –Record low temperatures in Al Gore’s hometown of Nashville.

The Analysis
A similar scheme has been implemented in Europe and has been an abysmal failure.

Job Loss Analysis (1,145,000 per year)

The Charles River Associates, a Harvard based economics consulting firm, estimates a net loss of jobs from the bill of about 2.5 million each year.

This is being proposed while we are having the fastest job losses and highest unemployment in at least 26 years…so far.

Cap & Trade Dementia

CEI (Competitive Enterprise Institute) released a memo, written by the presidential transition team 11/06/2008, "economic costs will likely be on the order of 1 percent of GDP, making them equal in scale to all existing environmental regulation."

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The CEI (Competitive Enterprise Institute) obtained a memo from the U.S. Treasury Department (Dated 03/09/2009) through a Freedom of Information Act request (the memo removed from the website), and said: "The Obama administration has privately concluded that a cap and trade law would cost American taxpayers up to 0 billion a year, the equivalent of hiking personal income taxes by about 15 percent." They added: "At the upper end of the administration's estimate, the cost per American household would be an extra ,761 a year."

305 Million people / 1.43 Billion Annual Carbon Tax (1% of GDP) = 463.70 per person per year or ,854 per year (4.50 per month) for a household of 4.

Mr. Obama and Mr. Waxman (Bill sponsor) having access to the above reports have repeatedly stated that it would cost “approximately the cost of a postage stamp per day” $.43 X 365 = 6.95 per year, understated by 1181%.

Now, China and many other nations will be very happy to accept businesses leaving America and filling our lost jobs with their own citizens, due to higher energy costs for everything in this country. They will increase global CO2 emissions more than we reduce them because those countries are less energy efficient than we are. Some companies will close in America, sell their CO2 credits and set up in China, India, and Vietnam, etc. What a gift we are giving the rest of the world. Fifty-two percent of our electricity is produced by “dirty coal.” We import over 70% of our liquid fossil fuels (from several unfriendly and unstable countries, i.e., Nigeria, Venezuela and Mexico (unprecedented production decline)).

A REAL inconvenient truth below!

Ninety seven (97%) of our transportation system depends on liquid fossil fuels. Airplanes, ships, trains, large trucks, agricultural and mining equipment do not run on solar panels (only work when there is sunlight), wind turbines (only work when there is wind), geothermal, tides, biomass, hydroelectric or nuclear power.

"Peak Oil" (conventional oil production peak 05/2005) and now moratoriums to curtail exploration and production simultaneously. Our economic paradigm and empire was created on infinite cheap energy. There is a direct correlation between energy consumption and economic activity. China currently accounts for 93 percent of production of rare earth elements — and more than 99 percent of the output for two of these elements, dysprosium and terbium, vital for a wide range of green energy technologies and military applications like missiles. In each of the last three years, China has reduced the amount of rare earths that can be exported. This year’s export quotas are on track to be the smallest yet. But what is really starting to alarm Western governments and multinationals alike is the possibility that exports will be further restricted. Did you know that Bolivia contains nearly 50% of world Lithium reserves and they are a nationalistic and Socialist country? Did you know each electric Prius motor requires 1 kilogram (2.2 lb) of neodymium (Nd) (rare earth), and each battery uses 10 to 15 kg (22-33 lb) of lanthanum La) (rare earth). It has recently been projected that a single wind turbine electric generator producing 1 megawatt of electricity requires one ton of neodymium (rare earth). Neodymium total world production is less than 20,000 tons. That may sound like a lot to you, but it’s tiny. I think some of these realities have been overlooked in our Green mania vision of the future.

Our “orator in chief” has proposed one million electric cars over the next several years, that don’t exists (apx. 0.4% of the estimated 220 million car fleet in the U.S.) The average rate of turn over of our vehicle fleet is less than 5% per year, taking 22 years to convert our entire vehicle fleet if not one more new conventional fuel car is ever sold again – delusional. Can't you just see a C5A or 747 with windmills (made with rare earth elements that we don't have) or an extension cord or a super tanker with solar panels (made with rare earth elements that we don't have)? How long will it take and how much will it cost to replace 150 years of “dirty coal” burning power plants (49% of total electrical generation)?

It appears we are going to find out what happens when an irresistible force of expanding demand from 6.8 Billion persons meets the immovable object of finite, declining and more expensive supply. Central banks and governments can't print any of this stuff!

There is no short term alternative and we have no viable “Plan B.” Our Energy Policy is an impending disaster with a Capital “D,”.

We will have climate change—it has happened over the entire history of the earth, with or without mankind.

A better idea.

The American Society of Civil Engineers (ASCE) has given the U.S. an overall "D" grade in 15 categories of infrastructure and we need to spend .2 trillion over the next 5 years or have more (broken power line in Ohio causing a 55 million person blackout) catastrophic levee failures like New Orleans and the Midwest last year, the bridge failure in Minneapolis in 2007—an urgent and immediate need providing real jobs for many already skilled and qualified Americans.

About the Author

Mark Rasmussen

Mark Rasmussen Appraisal
markrasmussen [at] charter [dot] net ()