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.
On a related note:
http://cbullitt.wordpress.com/2009/08/26/agw-extortion-african-kleptocrats-want-us-to-pay-global-warming-tribute-for-causing-their-drought/