Projected increases in electricity prices under Obama’s cap-and-trade policy

Over at Michele Bachmann’s blog, I noticed that she has posted about the expected increase in electricity prices (per person) under Obama’s proposed cap-and-trade legislation. The numbers are provided by Ways and Means Ranking Member Dave Camp.

Here are a couple of the bigger increases:

  • Alabama $1,528.26
  • Indiana $1,627.46
  • Kentucky $1,798.23
  • Montana $1,717.63
  • North Dakota $4,350.56
  • West Virginia $3,972.29
  • Wyoming $7,249.54

Looks like the effect is to transfer wealth from pro-business red states to anti-business blue states. Redistribution of wealth. Equalization of outcomes. Welfare. After all, a lot of these blue states have been spending like drunken sailors, and will need to grab some money from their red-state neighbors, if they are to continue acting irresponsibly.

Here is an interesting quotation in Michele’s post, provided by the Director of the Congressional Budget Office, Dr. Douglas Elmendorf on the proposed cap-and-trade legislation:

At a Ways and Means hearing today, Congressman Camp questioned Congressional Budget Office Director Dr. Douglas Elmendorf  about the impact of this policy on consumers in other ways as well.  As Dr. Elmendorf said, “at any point in which we are putting a price on carbon emissions, that would be passed through to the cost that consumers face on energy products but also all other products that are made using fossil fuels….I don’t know if there are any goods that use no energy in their production.  It seems to me unlikely.”

I blogged here about the proposed tax hikes on oil companies, and here on the proposed cap-and-trade system and here on the proposed carbon tariffs Obama wants to impose on imported goods. And we’ve also seen that global warming is just a myth – useful crisis that leftists sell to the public in order to justify government control of the free market.

2 thoughts on “Projected increases in electricity prices under Obama’s cap-and-trade policy”

Leave a comment