Bam Plan May Raise Gas

The New York Post ^ | March 3, 2009 | Carl Campanile

[Scanian]

President Obama's plan to force energy producers to pay for spewing greenhouse gases could cost American consumers an additional $1,437 in utility costs and higher prices at the pump by 2015, according to a new study.

Obama's plan "is the equivalent of a permanent tax increase for the average American households," according to the analysis released yesterday by the George C. Marshall Institute.

The study estimates that electricity costs would jump up from 5 to 15 percent by 2015, natural gas prices by 12 to 50 percent and the price at the pump by 16 cents to $2.58 per gallon.

The report said this could cost "hundreds of thousands" of energy workers their jobs as firms try to meet the stricter anti-warming targets.

The analysis is based on climate legislation that was debated in Congress last year.

[AmericanInTokyo]

Why not?

He's going to raise everything else, short of stock prices.

[nhwingut]

“may?”

[screaminsunshine]

Sounds good. Lets raise the cost of gas and electricity and food. Perfect plan. Taxes need to be raised to improve the economy too. This guy is a genius.

[bikerman]

Break out the KY jelly here it comes.

[xcamel]

Bam Plan WILL Raise Gas

There... fixed it.

[PubliusMM]

I’m so glad that $1400 isn’t a tax...(sarc/off)

[scooby321]

95% of the people will get a tax cut. Unless they use electricity, fuel oil or have a car.

[padre35]

BOHICA

[kb2614]

95% of the people will get a tax cut. Unless they use electricity, fuel oil or have a car.

That seems fair. ;-)

[SouthDixie]

I'm confused, I was under the impression Obama was to improve the economy, not destroy it.
Yet, the Democrats are all giggling and squealing on what a great job he is doing. Are they seeing something I fail to see ?

[EQAndyBuzz]

“95% of the people will get a tax cut. Unless they use electricity, fuel oil or have a car.”

Or eat.

[cripplecreek]

May?

[newnhdad]

but wait, only the eeevil rich were going to be taxed.. this is impossible..

[mathprof]

[USNBandit]

natural gas prices by 12 to 50 percent

Didn't Obama want to move lots of autos to CNG? Another problem with this plan is that Honda was planning on powering their fuel cell vehicle with a home installed generator powered by.....natural gas.