Rahm Emanuel said this week that energy costs are too low.
The Washington Times reported:
Mr. Emanuel said energy costs are too low anyway. U.S. car companies have relied too long on gas-guzzling autos and failed to invest in alternative energy vehicles, he said, and contended that the time for new auto fuels is now.
But, don’t worry…
Team Obama will take care of those low energy costs.
The administration plans on raising energy prices with his cap and trade initiative. This will likely cost Americans $700 to $1,400 dollars per family per year.
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“Under my plan of a cap and trade system electricity rates would necessarily skyrocket. Businesses would have to retrofit their operations. That will cost money. They will pass that cost onto consumers.”
Mere Rhetoric has more on Team Obama’s plans to raise energy costs.