Arkansas Vets Coalition: CAPE AND TRADE PLAYS FAVORITES

Arkansas Vets Coalition

Veterans, Reserves and Active Duty from all parts of Arkansas and across the nation, coming together to support those persons who best exemplify the principles on which our nation was founded - Fiscal Responsibility, Independent & self-sustaining, Freedoms GUARANTEED by our Constitution and Bill of Rights, serving our country not for personal gain but for the common good!!
WE are dedicated to making a difference once more.
We have served in all branches of military beginning with the Revolutionary WAR and continuing in every conflict to include more recently from beaches of Normandy, in jungles of SE Asia, to conflicts in Bosnia, Somalia, The Gulf War, Iraqi Freedom, all through the Cold War Period of 1945 - 1991, dedicating our lives to fighting terrorism in both Afghanistan and Iraq,
we now arise to serve again, fighting to reclaim our country and the principals upon which is was founded!!.

28 November 2009

CAPE AND TRADE PLAYS FAVORITES

BY Administrator, ON NOVEMBER 23, 2009

Cap And Trade Is A New Payoff Machine For Democrats

Under a strict cap and trade program all of the above allowances (meaning 100%) would be auctioned off to find the "true"Market price for carbon. However, as can be expected with any government program where the government is looking to curry favor with one group or another, a number of allowances are being doled out for free - to win votes. It is a true game of the government picking the winners and losers before the game ever even starts.
Waxman-Markey (the cap and trade bill) doled out its allowances along the lines of the chart above. A in that chart you will see that 16.5 % will be truly auctioned. The remainin 84.5% are given away for free over a limited period of time that ratchets down.
What was the refining industry's portion of these free allowances under Waxman-Markey? Under Waxman-Markey refiners have two categories of GHG emissions that they became obligors for, process emissions and consumer emissions.