The American Petroleum Institute (API) reported today that the Waxman-Markey climate bill may reduce U.S. refinery throughput by as much as 25% by 2030.
Waxman-Markey would outsource to foreign countries both U.S. jobs and greenhouse gas emissions, make us more dependent on foreign gasoline and more susceptible to gasoline price spikes.
Once again, Waxman-Markey is all pain and no gain — why the API would even support a “lite” version of the bill remains beyond comprehension.