Monday, October 8, 2012

Review & Outlook: California's Green Gas Shortages -

Review & Outlook: California's Green Gas Shortages - "A Boston Consulting Group study warns that the limited availability of biofuels that could shimmy under the carbon limbo stick could force five to seven more refineries to close. Midwest corn ethanol wouldn't qualify. If all of California's 2006 global warming law were implemented, the study estimates the cost of gas would increase by up to $2.70 per gallon. By the way, Californians are already paying up to 50% more for their electricity than the rest of the country thanks to their renewable-energy portfolio standard.

The cost of such environmental regulations, which is baked into everything Californians consume, is one more reason that jobs are leaking to other states. In related news, Environmental Protection Agency chief Lisa Jackson says California is her model for the nation."

'via Blog this'

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