Senators Warn Bill Could Spike Gas $1.50 to $5 a Gallon

Inhofe, Sessions blast massive costs of global warming legislation.

Note: Go to the link below to see the videos included in this article at the “Business & Media Institute.”

Senators Warn Bill Could Spike Gas $1.50 to $5 a Gallon; Inhofe, Sessions blast massive costs of global warming legislation; By Jeff Poor; Business & Media Institute; 15 May 2008.

“Worried about gas prices hitting $4 a gallon and beyond? Imagine if they were $6, $7 or even $8 a gallon. Those levels are a certain possibility should Congress pass cap-and-trade legislation, which could face a vote in early June.

“Oil is trading at record levels, in excess of $120 a barrel. Leading Republican Sens. James Inhofe (Okla.) and Jeff Sessions (Ala.) both told the Business & Media Institute (BMI) energy prices would drastically increase if the Lieberman-Warner Climate Security Act (S. 2191) is signed into law.

“‘The studies show it would be directly affected, would be a $1.50 a gallon, in addition to what it is today,’ Inhofe, the ranking Republican on the Senate Environment and Public Works Committee, said to (BMI).

“Inhofe spoke at a press conference at the National Press Club in Washington, D.C. on May 15 to introduce the ‘We Get It!’ campaign – a program founded by evangelical Christians that question the merits of global warming alarmism. According to Inhofe, the bill will make it to the floor of the Senate on June 2.

“‘So now I think we need to concentrate on what it will cost the American people,’ he said during the press conference. ‘To try to put it in a perspective people understand, if we had ratified, according to the Wharton School of Economics, the Kyoto Treaty, back five years ago, it would have cost about – between $300 and $330 billion – that was the range they had. This bill that’s up today is $471 billion – far more than that. And the question is, what do you get for it?’

“Sessions, a member of the Senate’s Committee on Energy and Natural Resources, went a step further. He cited sources that suggest the increase could be as much as $5 a gallon.”

“[L]et me tell you what’s heading down the tracks,” Sessions said to BMI on May 14. “In a few weeks, we expect that the cap-and-trade legislation that’s been voted out of Sen. Barbara Boxer’s (D-Calif.) Environment and Public Works Committee will be on the floor and according to the Environmental Protection Agency it will increase gas prices by $1.50. The National Association of Manufacturers says it will increase it as much as $5 per gallon.”

“Sessions proposed that money should be spent on energy investment versus a regulatory bureaucracy to enforce the provisions of the Lieberman-Warner bill.”

Note: Go to the link below to see the videos included in this article at the “Business & Media Institute.”

Comment: Ask yourself, who does my United States Senator support: the citizen, their respective state, or special interests? I think the answer is easy, and it’s not the first two.

The time has come to realize what the founders knew, and why they created Congress as they did. The House of Representatives was created to represent the people; and the Senate was created to represent the States. We must return to the founder’s intent; the time has come to repeal the 17^th Amendment, truly before these oligarchs damage this country beyond repair.