[The cap & trade simulation was] producing 9,724 GWh compared to a demand of 15,374 GWh.
That’s a shortfall of 36.8%, the kind of gap would make energy prices skyrocket, as Obama promised in January 2008. It would mean that businesses couldn’t afford to expand, which would cut capital equipment sales, and also kill the engine of job creation — small businesses, which need lower entry costs to even begin operations. Food prices, which are dependent on energy costs, would rapidly rise, burning through whatever disposable income was left after paying the electrical and gas bills. In short, we’d be capping our future and trading it for brownouts, energy rationing, and poverty.
2nd term and we’re in the crapper…..
http://hotair.com/archives/2012/05/12/new-epa-project-cap-and-trade-simulator/
From your link:
[The cap & trade simulation was] producing 9,724 GWh compared to a demand of 15,374 GWh.
That’s a shortfall of 36.8%, the kind of gap would make energy prices skyrocket, as Obama promised in January 2008. It would mean that businesses couldn’t afford to expand, which would cut capital equipment sales, and also kill the engine of job creation — small businesses, which need lower entry costs to even begin operations. Food prices, which are dependent on energy costs, would rapidly rise, burning through whatever disposable income was left after paying the electrical and gas bills. In short, we’d be capping our future and trading it for brownouts, energy rationing, and poverty.