Regime uncertainty moves to the bureaucrats. Congress will try to stop the President from imposing carbon caps by regulatory decree. The head of the American Petroleum Institute, the largest U.S. oil and gas industry trade group, is pushing a proposal in Congress to block the Environmental Protection Agency from capping carbon dioxide emissions. via www.bloomberg.com
Refineries are private businesses. Texas has had a successful 16 year program to approve refineries The Federal Government Bureaucracy - through the US EPA - overturned that program on Wednesday. According to the article below, 125 refineries and chemical plants will have to spend millions of dollars to obtain new permits. That's an example how the over-reaching Federal Government increases the costs of business and ultimately the prices to consumers. It's as though Washington knows about
Finally, the push is on to open the floodgates of US natural gas production enabled by technology breakthroughs - that's the American Way. Only the US government and the unelected eggheads at the EPA could stop our March toward higher employment, energy security and lower emissions. Below CEO of HAL Lesar talks about the phasing out of hydrocarbons and natural gas opportunity: I just don't believe that story," Lesar said. "The reality is we simply are not
Climategate: Falsified Research Scandal Rocks the UK By Robert Romano“[T]he criterion is the scientific status of a theory is its falsifiability, or refutability, or testability.”—Karl Popper, “Science as Falsification,” 1963.Karl Popper must be rolling over in his grave.
