On Tue, 14 Jul 2009 08:39:53 -0500, Vic Smith
wrote:

You know, I keep hearing all this chicken little stuff about Cap and
Trade and stimulus, and blah, blah.
First off, there is no Cap and Trade. Hasn't even gone through
Congress.
Then there's the fact that what one joker says, like the guy quoted,
means didley squat. Let's see those power bill increases actually
happen. They won't. Politically and economically unfeasible.

Interesting take.

If you are basing it on a political will, well, it has been passed by
the House. What the Senate does with it is still in doubt I'll grant
you that, but the Dems do have the majority and can pass it if they so
choose.

However, it does not negate the fact that if it does pass, which it
will in some form or another, it's going to have a negative impact on
the economy.

I'm in favor of neutral energy in terms renewable resources, but in my
opinion we're moving in the wrong direction with this. Boone Pickens
had a great idea for wind power and it would have really provided one
hell of a lot of energy. Comitted a sizable amount of his personal
money to the project - $8 billion was going to be the total investment
to build generators, towers, etc. Funny thing about that - to build
the transmission lines, get approvals, EPA clearances, legal
assistance for economic and environmental impact statements,
right-of-ways and not including some emminent domain issues was going
add an additional $4 billion to the project which was an conservative
estimate - it was probably going to cost more. He said it himself - it
would be a money loser instead of a money maker and who the hell is in
business to lose money?

It's going to require some thought and Cap and Trade isn't it. The
Eurozone is moving away from Cap and Trade slowly - that's gotta tell
you something.