Not long ago, candidate Obama promised to cool the planet and lower the rising seas. Indeed, he campaigned on passing “cap-and-trade” legislation, a radical, costly effort to reduce America’s traditional carbon energy use.
The theory was that new taxes and greater regulations would make Americans pay more for fossil-fuel energy — a good thing if it reduced our burning of coal, oil, and gas. Obama was not shy in admitting that under his green plans, electricity prices would “necessarily skyrocket.” His energy secretary, Steven Chu, at one point even said, “Somehow we have to figure out how to boost the price of gasoline to the levels in Europe” — that is, about $8–10 per gallon. Fairly or not, the warming movement appeared to be a tiny elite attempting to impose costs on a poorer and supposedly less informed middle class.
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