Obama attack on oil & gas industry begins

Treasury Secretary Tim Geithner wants to take away tax breaks for oil and gas companies because they contribute to global warming.

Reuters reported that Geithner told the Senate Finance Committee on March 4 that,

“We don’t believe it makes sense to significantly subsidize the production and use of sources of energy (like oil and gas) that are dramatically going to add to our climate change (problem). We don’t think that’s good economic policy and we think changing those incentives is good for the country.”

I’m not for the government subsidizing anyone, but Geithner’s statement indicates that the Obama administration is starting its long-promised attack on the oil and gas industry. Their tax breaks apparently are first. Are profits next? Since last summer, Obama has been saying that he would impose a windfall profits tax on oil companies.

A recent study by CRA International commissioned by the American Petroleum Institute concluded that a windfall profits tax likely would:

  • Cause a net loss of up to 490,000 U.S. jobs by 2030.
  • Reduce U.S. gross domestic product by roughly 1 percent, or $240 billion by 2030.
  • Increase U.S. imports of crude oil by up to 18 percent in 2030 and reduce U.S. domestic production of crude oil by up to 26 percent in the same year.

Gunfight with Al Gore Zombies at the EPA Corral!

Al Gore’s Repower America activist group has asked its members to sign a petition urging the U.S. Environmental Protection Agency to grant the state of California a waiver to set carbon dioxide emissions limits for motor vehicles.

CEI’s Marlo Lewis explains here why granting the California waiver is a bad idea.

Now that you know enough to oppose the waiver, please take a moment to submit your comments to the EPA. Here’s how according to the EPA Federal Register notice:

Submit your comments, identified by Docket ID No. EPA-HQ-OAR-2006-0173, by one of the following methods:

  • http://www.regulations.gov: Follow the on-line instructions
    for submitting comments.
  • E-mail: a-and-r-docket@epa.gov.
  • Fax: (202) 566-9744.
  • Mail: U.S. Environmental Protection Agency, EPA West (Air
    Docket), 1200 Pennsylvania Ave., NW., Room B108, Mail Code 6102T,
    Washington, DC 20460, Attention Docket ID No. EPA-HQ-OAR-2006-0173. Please include a total of two copies.

Your thoughtful comments will surely be more impressive to the EPA than an empty-headed petition signed by Al Gore’s zombies.

Carbon Tax for California?

Carbon Control News reported this morning that,

A special California budget commission tasked with proposing new sources of revenue for the state is scheduled to discuss next week a broad new carbon tax that would likely be aimed at major energy and fuels providers, and which could potentially raise billions of dollars annually to help the state meet its growing budget shortfall.

Fortunately,

The proposal is already being attacked by major industry groups in the state, which argue are currently facing multiple carbon fees and taxes under the state’s sweeping climate change regulatory program currently being implemented under the 2006 state law, AB 32…

The coalition—the AB 32 Implementation Group—argues that the state is already implementing a number of greenhouse gas (GHG) regulations and programs under AB 32 that will… add up to $50,000 to the cost of a new home, … cost between $1,000 and $3,000 per car, and [add] a new $500-million-a-year water charge.”

Click here for the AB 32 memo to the Commission.

Take Action:

Californians should direct their concerns to Mark Iberle, Staff Director for the Commission on the 21st Century Economy. You can phone the Commission at (916) 322-2263.

Greens dump on eBay greenwashing

The New York Times reported this morning that,

In a new program centered on Earth Day, eBay is becoming the latest company to promote its green credentials…

Yes, said Alan Marks, senior vice president for global communications at eBay. Its business model encourages reselling old items rather than throwing them out, and buying used merchandise rather than making new stuff reduces carbon emissions that go along with production.

But the real greens weren’t fooled. Michael Brune of the Rainforest Action Network told the Times:

“A lot of the things sold on eBay are new merchandise, and last time I checked the Postal Service still used fossil fuels for all of their planes and their trucks, so it’s not sustainable,” he said, referring to how eBay sellers ship items. “It’s fair to say that buying used goods on eBay is better for the environment, but let’s not get carried away and say this is the greenest thing since recycled paper.”

EBay’s new green website is ebaygreenteam.com. It reads,

By giving used toasters and toys a longer life and keeping sweaters and cellphones out of landfills, they’re making a big difference for the planet.

Way to go Meg Whitman. Who wouldn’t want to help to sell America down the green river to keep sweaters and a cell phones out of landfills?

Obama moves to end nuclear energy?

The Obama administration is driving a stake into the heart of the U.S. nuclear power industry by cutting-off funding for the Yucca Mountain nuclear waste storage program in President Obama’s budget proposal.

The Washington Post reported this morning that,

Yucca Mountain is not an option.

Yucca Mountain opponent Sen. Harry Reid (D-NV) called Obama’s action,

“… our most significant victory to date in our battle to protect Nevada from becoming the country’s toxic wasteland.”

Now, nuclear power plants will have to continue to store spent fuel on-site in hopes of someday being able to reprocess spent fuel like the French do.

But will the anti-nuclear greens permit that to happen? When will the nuclear power industry realize that the greens are not its friends?

If we can’t store nuclear waste in Yucca Mountain, can we at least dump the greens there? According to EPA standards for Yucca Mountain, humanity would be safe from the greens for at least one million years.

Green utility CEO says Obama plan is wrong

The Charlotte Observer reported today that,

Duke Energy says Carolinas electricity rates would rise by at least 13 percent under President Obama’s plan to address climate change by auctioning off carbon credits…

… Duke CEO Jim Rogers, who supports the carbon cap, says Obama is wrong to insist that those allowances be initially auctioned to carbon emitters. Rogers calls an auction a “carbon tax” that would be passed on to consumers, with most of the burden placed on coal-dependent states such as the Carolinas.

“He’s going to create a market that’s going to dramatically drive up the costs for allowances,” Rogers said Monday. “It’s going to be a feeding frenzy.”

Allowances auctioned for $15 each would raise Carolinas rates 13 percent in 2012, when the system could go into effect, Duke estimates. A $30 auction price would raise Carolinas rates 27 percent, it says.

Obama’s proposed budget assumes allowances would go for $20 each.

Apparently as comic relief, the Charlotte Observer offered a response from the greens:

“He’s doing what the utilities are going to try to do – scare people,” said Stephen Smith of the Southern Alliance for Clean Energy.

As you know, of course, only the greens are allowed to “scare people.”

Cap-and-trade a ‘permanent tax increase’

A new report from the George C. Marshall Institute says that cap-and-trade will operate as a permanent tax on American families.

Based on last year’s Lieberman-Warner bill that failed in the Senate, the study estimates that the average American household would pay as much as $1,437 more annually by 2015.

Check out my column “Obama’s Climate Rip-off” to see the implications of Obama’s budget proposal on just your electric bill.

Unions attack free trade through climate

Carbon Control News reported this morning that the United Steelworkers union is

is exploring a hybrid policy that would combine a cap-and-trade scheme for utilities and other domestic sectors, while narrowly applying an excise carbon tax on domestic and foreign manufacturers to avoid “leakage” of jobs and GHG emissions to countries with lax environmental policies…

The model envisioned by the USW would apply an excise tax on manufactured products, based on the GHGs emitted during production. In order to spur GHG reductions, the taxes would be levied on GHGs in excess of a predetermined cap that could be lowered periodically to meet the emissions-reduction targets President Obama has set forth; the taxes also could increase over time to provide further incentive for manufacturers to clean up their processes, according to sources. To ensure domestic and foreign manufacturers are treated the same, the tax would be levied on importers of foreign products and rebated on exported products, similar to the value added tax (VAT) applied to an array of products in many countries.

Democrat lawmakers supporting the idea, according to Carbon Control News, include Reps. John Larson (D-CT), Jim McDermott (D-WA) and Pete Stark (D-CA).

Just what we need during the most significant global economic calamity in 75 years — anti-trade policies.

Take action:

Contact your congressional representative as well as Reps. Larson, McDermott and Stark and tell them that global trade is the path to peace and prosperity while junk science-based tariffs can only lead to global economic stagnation and international ill-will.

Cavuto rips Greenpeace rep on being ‘right’

Check out this clip of Fox News’ Neal Cavuto interviewing a Greenpeacer today:

[Cavuto]… With the global warming argument you’re pushing companies and a commitment of government monies to address a crisis that might not be the crisis you say it is. And if we’re wrong on this, we have spent mightily and committed a lot of resources that are precious and few to something that might be no more than passing climate change and not the crisis you say that it is — manmade global warming…

[Greenpeacer] Well, again, it’s not what I say. It’s what the climate science says. And I know your job is to stir up debate and pose the opposite point of view…

[Cavuto]… I just want to know what the hell is going on. When it’s warm you’re right. When it’s cold you’re right. When it’s raining you’re right. When it’s blizzarding you’re right. When it’s, like… I don’t know… it just seems you’re always right…

Kudos to Cavuto for pushing back…

RFK Jr: Eternity in jail for coal CEO

Robert F. Kennedy, Jr. said at today’s Capitol Climate Action rally that Massey Energy CEO Don Blankenship “should be in jail… for all of eternity.”

Kennedy also said that coal companies Massey Energy, Peabody Energy and Arch Coal are “criminal enterprises.”

It’s hard to believe that Kennedy is a lawyer… but then again, it’s hard to believe that Roland Freisler was one, too.

Kennedy also invoked the memory of his father’s 1968 campaign tour through Appalachia — the same route followed by John F. Kennedy during his successful 1960 West Virginia campaign.

But if Kennedy wants to oppose coal while honoring his father, perhaps he ought to adopt RFK’s pro-nuclear stance. According to a March 21, 1967 New York Times article, RFK proposed that the New York State Power Authority be permitted to develop nuclear power pants and that private investment in nuclear power be encouraged.

Natural gas jeered at D.C. rally

When Rep. Eleanor Holmes Norton (D-D.C.) called for upgrading/retrofitting the U.S. Capitol’s power plant from coal to gas today at the Capitol Climate Action rally, she was jeered by protesters yelling out “no gas” and “solar.”

Rep. Norton apparently missed the march to the power plant rally which featured anti-gas chants such as “No coal, no gas, hey-hey, ho-ho.”

Mass. Gov. proposes global warming parking tax

The Boston Globe reported this morning that,

In the same month that Logan International Airport hiked its parking rates by $1, Governor Deval Patrick is asking for another $2 parking “carbon fee” as part of his transportation overhaul filed this week.

The carbon fee, described on page 137 of Patrick’s 141-page bill, would that mean a 20- or 30-minute trip to pick up a relative at Logan could cost $6 in parking alone, not including tunnel tolls, which could rise to as much as $7 if legislators fail to pass Patrick’s other proposal to raise the gas tax. Three hours in a Logan garage would cost $18; all-day parking in a garage would run $26…

“It makes me never want to park here,” said Pam Nagy of Sutton, who was hauling luggage into Logan on Friday.

Patrick’s transportation secretary, James A. Aloisi Jr., said he will be glad if people stop parking at the airport and use public transportation to get there, a sentiment that has led several environmental groups to endorse the parking fee.

“It should not be inexpensive to park at convenient facilities in the middle of Logan Airport,” Aloisi said. “We need people to understand that there are better ways to get to Logan.”

He wants the parking fee – which requires approval from the Legislature – to be used for improvements to airport-related transit projects, including a proposal to build a new tunnel under South Boston to speed up the Logan-bound Silver Line bus service, and the initial phases of a long-term plan to build a transit loop around the city. Based on Logan’s most recent parking figures, the new fee would probably raise about $5.4 million per year.

But many who travel to the airport come with bulky luggage or young children, making public transit a harder sell, if not an impossibility.

Ben Kaplan pulling a cart piled high with luggage and accompanied by his wife and two young sons, said taking public transit would be tough for his family. “We’d be more likely to take a cab,” he said…

Will Gov. Patrick be taking public transit or will he continue to be driven in his $51,000 taxpayer-provided, CO2-spewing SUV?