LeftLaneNews

Harvard study says Obama seeks $7 a gallon gas

A new study by Harvard University suggests that President Obama's plan to address "global warming" will result in $7 a gallon gasoline in the U.S.

As the disaster in the Gulf of Mexico worsens daily, talk is increasing concerning the need to address "global warming," despite the obvious disconnect between the required solutions for the two problems.

The Harvard Study, as discussed in the New York Post, points to White House Chief of Staff Rahm Emanual's well known quote in which he suggests, "You never want a serious crisis to go to waste - and what I mean by that is it's an opportunity to do things that you think you could not do before."

The New York Post is referring to the resurgence of the cap-and-trade bill which was introduced last year, and found to be very unpopular with the American people who did not take kindly to the idea of drastically increased costs of fuel and electricity. When the original cap-and-trade bill failed to gain traction, the Obama administration then began to push the benefits from the bill by labeling it as a "green jobs" bill.

The green jobs push proved to be equally unpopular, as Americans took notice of the extreme failure of similar initiatives in Spain, which required an average of $774,000 in government subsidies for each green job position created. The bill would also target the clean coal, oil and natural gas production within the U.S. - further damaging the economy and reducing jobs.

Gulf spill reignites fire behind cap-and-trade
With the massive negative publicity surrounding the current disaster taking place in the Gulf as a result of an oil rig explosion, the Obama administration is yet again hoping to re-open talks of passing a cap-and-trade bill. Obama believes that cap-and-trade would help to avoid future oil spills by pushing people away from using oil due to the dramatically increased costs through new taxes.

The Harvard Kennedy School's Belfer Center for Science and International Affairs suggested that it "may require gas prices greater than $7 a gallon by 2020" in order to meet Obama's proposed goal of reducing emissions by 14 percent in the transportation sector.

References
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