Oldtimer said:
Sandhusker said:
So then what did Obama mean when he said that cap and trade would bankrupt coal fired plants? Or do you want to refute his comments?
From what I read- he meant if those plants didn't come up to the clean technologies they wouldn't exist-but that the new clean ones would take their place--- but he definitely isn't anti coal as some have put out...
I should probably be one of those shouting "drill, drill, drill- since I own 2000 acres of land with the mineral rights on right in the new discovered Bakken field with oil companies having leases on them going back to the 50's----BUT I realize that while we'll probably be using oil for another 70-100 years- I can look futher ahead than the end of my nose- and realize that we nowhere can produce enough oil for the increasing energy needs- and that we need to look at new sources....
And I'm getting tired of Arabs, foreigners, and Big Oil telling us what to do or they'll hold us hostage over oil...
Instead of reading what some liberal kool-aid drinker said, read Obama's exact words;
"Let me sort of describe my overall policy.
What I’ve said is that we would put a cap and trade system in place that is as aggressive, if not more aggressive, than anybody else’s out there.
I was the first to call for a 100% auction on the cap and trade system, which means that
every unit of carbon or greenhouse gases emitted would be charged to the polluter. That will create a market in which whatever technologies are out there that are being presented, whatever power plants that are being built, that they would have to meet the rigors of that market and the
ratcheted down caps that are being placed, imposed every year.
So if somebody wants to build a coal-powered plant, they can; it’s just that it will bankrupt them because they’re going to be charged a huge sum for all that greenhouse gas that’s being emitted.
That will also generate billions of dollars that we can invest in solar, wind, biodiesel and other alternative energy approaches.
The only thing I’ve said with respect to coal, I haven’t been some coal booster. What I have said is that for us to take coal off the table as a ideological matter as opposed to saying if technology allows us to use coal in a clean way, we should pursue it.
So if somebody wants to build a coal-powered plant, they can.
It’s just that it will bankrupt them.
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To understand what this moron is saying, you have to understand that the technologies to burn coal with no carbon emissions DOESN'T EXIST. "Clean Coal" today is a goal, not a reality. He's going to tax their emissions - lowering the amount that they can produce each year - which will increase costs every year until the costs to produce coal energy is more than what its worth.
Then this idiot claims that those fees will fund alternative energy, but doesn't realize that bankrupt companies don't pay fees!
So we're back to this flipping idiot spending OUR money on coal fired plants that he plans on increasing taxes on until they go bankrupt - and this is to fix the economy.
Heaven help us all.