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Great news!! Your government thinks you do not pay enough for gasoline--they are going to create regulations to make it even more expensive--this is another reason California will not get out of the Great Depression.
"Several studies on the impact of a nation-wide LCFS, as proposed in the cap-and-trade legislation passed by the House (but stalled in the Senate), predict that just about everyone will suffer as a result.
“Adoption of a nationwide LCFS will result in a price shock that will dramatically increase the cost of transportation to consumers and have long-term effects on the economy by increasing transportation costs for all goods,” concludes a study released in June by Charles River Associates. “The price shock – about a 30 to 80 percent increase in the cost of transportation fuels within five years of the time the LCFS is implemented – is caused by the large increase in production of low-carbon fuels required to achieve the reductions in emissions required by the standard. It is highly unlikely that it will be possible to produce sufficient quantities of fuel with sufficiently low emissions to meet the standard without drastically reducing the total amount of fuel consumed.”
Imagines the cost of ALL consumers good will have 30-80% transportation costs added to the price--doesn’t that make you love Arnold even more. His Depression will last at least a decade--now that is a legacy that a near billionaire can sit back, smoke an expensive cigar and laugh at his ability to be a good actor. The role of a lifetime--Governor, and the ability to harm 38 million people!
When you gas up, pick up your unemployment and/or welfare check, remember to thank Arnold. If smart, you will get a U-Haul, move to Utah, Texas or Arizona--you can thank Arnold as you leave the State of California.
More...
"Several studies on the impact of a nation-wide LCFS, as proposed in the cap-and-trade legislation passed by the House (but stalled in the Senate), predict that just about everyone will suffer as a result.
“Adoption of a nationwide LCFS will result in a price shock that will dramatically increase the cost of transportation to consumers and have long-term effects on the economy by increasing transportation costs for all goods,” concludes a study released in June by Charles River Associates. “The price shock – about a 30 to 80 percent increase in the cost of transportation fuels within five years of the time the LCFS is implemented – is caused by the large increase in production of low-carbon fuels required to achieve the reductions in emissions required by the standard. It is highly unlikely that it will be possible to produce sufficient quantities of fuel with sufficiently low emissions to meet the standard without drastically reducing the total amount of fuel consumed.”
Imagines the cost of ALL consumers good will have 30-80% transportation costs added to the price--doesn’t that make you love Arnold even more. His Depression will last at least a decade--now that is a legacy that a near billionaire can sit back, smoke an expensive cigar and laugh at his ability to be a good actor. The role of a lifetime--Governor, and the ability to harm 38 million people!
When you gas up, pick up your unemployment and/or welfare check, remember to thank Arnold. If smart, you will get a U-Haul, move to Utah, Texas or Arizona--you can thank Arnold as you leave the State of California.
More...