If the massive new bill stalls from its own complexity, Sen. Harry Reid says he’ll pursue a simpler-but-still-costly backup plan: Dictating that an ever-increasing portion of electric power must be generated from sources other than fossil fuels—a so-called RES “renewable energy standard” which by itself could cost a million jobs as well as higher electric bills averaging $2,400 a year for a typical family.
Just like the Kerry-Lieberman bill, the RES would force higher bills on unwilling and skeptical Americans.
But according to handouts from Kerry and Lieberman, “roughly two-thirds of the revenues generated by the new law would be passed back to consumers through energy bill discounts or direct rebates”. That sounds like a store that jacks up prices then offers a “discount” that still leaves a 33% price hike.
I think there are 28 states already with mandatory legislation out there. There are different programs set up through the USDA and other giving goverment match up to $90/ton for low btu renewable sources. It is the ultimate fuck the consumer in the ass program..
"There is nothing more painful to me at this stage of my life than to walk down the street and hear foot-steps and start thinking about a robbery. Then look around and see somebody white and feel relieved." - Jesse Jackson