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  • Cap-And-Trade Is Refinery Killer

    08/25/2009 5:59:14 PM PDT · by Kaslin · 15 replies · 1,936+ views
    IBD Editorials ^ | August 25, 2009 | INVESTORS BSINESS DAILY Staff
    Energy Policy: A new study shows that Waxman-Markey will increase prices at the pump, deepen our dependence on foreign oil and shred our ability to turn crude into gasoline. Even fuel-efficient cars will still need fuel.Oil may bubble up out of the ground, but gasoline does not. It's made in those ugly little NIMBY places called refineries we are loath to build anymore because we're too busy trying to save the Earth rather than our economy and American jobs. When Hurricane Katrina shut down 20% of our refining capacity in a single day and raised gas prices in a single...