Oil companies call Waxman-Markey clean energy bill 'unfair'
When it comes to the Waxman-Markey bill, or the American Clean Energy and Security Act of 2009 (ACES), it's difficult to sift through all the noise to find concrete and real answers. Between lobbyists, overzealous green heads and plain partisanship, it's not always clear what's hype and what's not.
A big headline in The Wall Street Journal today says that "Oil Refiners Predict Higher Gas Prices" as a result of the bill. While I don't doubt many of the costs associated with the bill will end up being paid for by the consumer and taxpayers, the goal is to benefit them. A few warning bells immediately go off in my head when I read such articles: