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“If ye love wealth better than liberty, the tranquility of servitude than the animated contest of freedom, go from us in peace. We ask not your counsels or arms. Crouch down and lick the hands which feed you. May your chains sit lightly upon you, and may posterity forget that you were our countrymen!” – Samuel Adams

Report: Cap and Trade Bill Bringing Refinery Closures

j0185097Well, that didn’t take long.  I hope the socialists in the U.S. House of Representatives who voted for the biggest tax in U.S. history on Friday are happy.

From Bloomberg:

America’s biggest oil companies will probably cope with U.S. carbon legislation by closing fuel plants, cutting capital spending and increasing imports.

Under the Waxman-Markey climate bill that may be voted on today by the U.S. House, refiners would have to buy allowances for carbon dioxide spewed from their plants and from vehicles when motorists burn their fuel. Imports would need permits only for the latter, which ConocoPhillips Chief Executive Officer Jim Mulva said would create a competitive imbalance.

“It will lead to the opportunity for foreign sources to bring in transportation fuels at a lower cost, which will have an adverse impact to our industry, potential shutdown of refineries and investment and, ultimately, employment,” Mulva said in a June 16 interview in Detroit. Houston-based ConocoPhillips has the second-largest U.S. refining capacity.

These stupid carbon permits aimed to fix a problem that doesn’t exist are expected to add 77 cents to every gallon of gas.

The article also says it is expected that about 2 million barrels of refining capacity a day will be shut down on the altar of socialist fantasies of apocalypse, torpedoing about 12% of U.S. refining capacity.  Incidentally, because of environmental extremism run amok, we have not built a new refinery in the U.S. in over 30 years and our refining capacity is pretty much completely maxed out already.

Of course, the elitists who voted for this monstrosity aren’t worried about any of this.  After all, they’ll continue to ensure they take care of themselves, and mostly at taxpayer expense.  We shouldn’t forget that, after all, some people in the New America are “more equal” than others.

Few acts could rival the hostility toward the American people and American prosperity than this abomination of a bill passed by the House on Friday.

We have come to the previously unimaginable point where it is abundantly clear that the American government is overtly hostile toward it’s own people.

Thank God the American people are starting to wake up to this despicable reality, as evidenced by the Tea Party movement.  We have our work cut out for us, in stopping the destructive work of these domestic enemies now, and permanently removing them from office in the upcoming rounds of elections.

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