Cap-and-Trade Bill Does Nothing for Oil Dependence
Submitted by admin on July 1, 2009 – 6:32 amNo Comment
by Gal Luft (EnerPub) … The bill’s renewable electricity mandate, which requires utilities to get 20 percent of their electricity from renewable sources by 2020, would discourage the use of coal and natural gas, but since only 2 percent of U.S. electricity is made from petroleum it will do nothing to address our oil dependence problem. The bill’s “cash for clunkers” program may help drive stockpiles of unsold Detroit cars off the lots, but in terms of oil dependence it is equally meaningless. READ MORE
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