Kowabunga

Last week, the U.S. Senate Environment and Public Works Committee passed from its committee a bill that would implement "The Gore Initiative", or, more formally known as "Cap and Trade" which would put limits on the amount of carbon dioxide energy companies can produce, and companies exceeding these government determined levels would be forced to either pay fines or purchase carbon offsets from greener companies; most likely these carbon offsets will be brokered through a company such as Al Gore's Generation Investment Management.

Essentially what this will do is cause increases to the cost of producing electricity while at the same time providing subsidies to less efficient and more costly production means such as wind turbines and solar energy. The end result is that working Americans will be forced to pay for these increases in costs as these expenses will be passed on to the consumer in their electric bills.

Business and Media reports that the costs of this "Cap and Trade" initiative, should it become law, is set at $4 to 6 Trillion over 40 years, which works out to about $500 per year for every person in living in the U.S., including your children. That is a huge cost increase for working Americans to incur.

The irony of the passage of this Global Warming bill from committee is that it took place during a week in which many parts of the Northern United States received record setting snowfall.

From Maine Today:

Portland tied the record for the date set in 1890 with 8.5 inches of snow on Monday, according to Bob Marine of the National Weather Service.

Elsewhere, Marshfield in Washington County had 18 inches of snow, Lakeville in Penobscot County 17 inches, Island Falls in Aroostook County 16, Brassau Lake near Moosehead 15.7, Farmington 14.7 inches and Andover 13, the weather service said.

Then there is Business and Media:

Nothing inspires taking on the "planetary emergency" of global warming like the first snow of the winter in Washington, D.C.

Ain't that the truth.

Even here in Minnesota we have more snow on the ground than we have had in the last five or six years. And it is staying cold enough for it to persist. Not surprising as temperatures have been struggling to break into double digits, and most mornings I am greeted with the outdoor thermometer registering ZERO, and occasionally in single digit negatives, making this the coldest December I have experienced in my seven years in Minnesota.

From Reuters on Boston:

New England dug out on Friday from a record-setting storm that dumped 10 inches of snow on Boston, more than the city typically sees in the entire month of December.

Even North Dakota has reported record snow falls. From KXMB:

The National Weather Service says the Grand Forks airport had 8.1 inches of snow yesterday, setting a record for the date. And Fargo set a record with 5.9 inches.

The previous mark in both cities was set back in 1926.

Grand Forks and Fargo also had record snowfall last Saturday.

From VOA News:

"We are facing a crisis that will hit our children and our grandchildren the hardest if we do not act now. Not to act would be wrong, cowardly, and irresponsible," said Senator Barbara Boxer, a California Democrat, chairwoman of the committee.

Yep, higher energy costs and a lower standard living for working Americans while Senator Boxer, Moonbat extraordinaire, jets off to Bali for the big climate conference, dumping even more of that evil gas, carbon dioxide, into the atmosphere and, according to Boxer, contributing to Global Warming. Well, at least it is warm and sunny in Bali unlike most of North America.

What a week, and it only gets better.

Tags:

Loons Gone Wild Energy Carbon Tax Cap and Trade Senate