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Archive for the ‘EPA’ Category
The End of American Energy
April 25th, 2011 | 
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Forget it folks. Just forget it.
Shell Oil Company has announced it must scrap efforts to drill for oil this summer in the Arctic Ocean off the northern coast of Alaska. The decision comes following a ruling by the EPAs Environmental Appeals Board to withhold critical air permits.
There’s always risk of government regulation. But when the government leases you something for a specific purpose and then refuses to let you use it for the purpose you leased it, that’s outright fraud.
Shell has spent five years and nearly $4 billion dollars on plans to explore for oil in the Beaufort and Chukchi Seas. The leases alone cost $2.2 billion.
The United States Federal Government stole $2.2 billion from Shell Oil.
Shell has absolutely no reason to tolerate this sort of thing. I wouldn’t. Neither would you. That $2.2 billion will be priced back into their products and they will refuse to engage in further drilling activity where this can happen again.
This is how we wind up with $10/gallon gasoline – oil companies will simply refuse to do business under these circumstances, and having done so, we will get to pay for it.
Make sure you thank President Obama as fuel prices continue to rise. He has directly and intentionally caused part of that increase by allowing the EPA, which is under Executive control, to take this action.
Picked up from the comments @ http://disruptthenarrative.wordpress.com/2011/04/24/gas-pump-activism/
Now tell me this isn’t Satan incarnate staring at you……
Posted in Barack Obama, Corruption, Economic Crisis, Economy, EPA, Gasoline, Government, oil price, Shell Oil | 
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Head of California's Cap and Trade Offsets Program: Cap and Trade Won't Work for Climate, It's a Scam
Paul Krugman argues that cap and trade worked to reduce sulfur dioxide and stop acid rain, and so it will work to reduce C02.
However, two EPA lawyers with more than 40 years of cumulative
experience – including the guy who has been head of California’s cap
and trade offset programs for more than 20 years – say that sulfur
dioxide was different, and that cap and trade for climate is a scam which only
benefits the financial players.
Specifically, they point out that:
- Cap and trade was tried in Europe, but ended up raising energy
prices, creating volatility, produced few greenhouse gas reductions,
but made billions for the financial players
- Even the guy who invented the cap and trade concept doesn’t think it will work in regards to climate change (see this and this)
- Carbon offsets – which are part of the cap and trade plan – increase pollution
- One reason that offsets lead to more pollution is that investors
fight to keep toxic chemicals legal, so they can make more money off of
trading the offsets
- Like subprime mortgages and other creative financial instruments
which brought us the economic crisis, carbon offsets lack integrity and
don’t work (see this)
Watch the video:
Posted in California, Cap and Trade, carbon trading, Climate, Corruption, Economic Crisis, Economy, Energy, EPA, Europe, Financial System, Goldman Sachs, JP Morgan, Lawyers, Money, Mortgages, Paul Krugman, prices, Scam, Subprime, Subprime Mortgages, Volatility |
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