Not sure how I should feel about this..

[kjackson227]

http://online.wsj.com/article/SB124458842076899771.html

[Why Syzygy]

1. All the oil fields

will be under water if nothing is done. So :shrug: The oil economy (traditional energy) needs to change. People will have to take new jobs in the new industries instead of clinging to the old ones. But the GOP doesn't cotton to progress.

"I happen to think that what they are discussing could wreck our traditional energy industry and put a very serious dent in our economy," said Mr. Perry. He repeated his view that the proposed provisions that recently passed out of committee in the House of Representatives amounted to the largest tax increase in history. The provisions would put a limit on emissions of the gasses blamed for climate change and require companies to pay for permits to pollute. As a result, "Every American that uses any source of energy would see their bills go up," he said.

[sonias]

2. I hate it when articles don't list the bill number

The article simply says "a landmark climate change bill". I think this might be the same bill Ginny posted on her thread Alert from Texas Climate Emergency Campaign which I totally support. We need to move forward to the future and start building green jobs. Fossil fuels and their related pollution and health hazards are on their way out.

The Wall Street Journal of course has a conservative bias:

Political observers have pointed out that Mr. Perry has a political agenda for attacking Washington D.C. He will likely face a stiff challenge from within his party next year in the Republican gubernatorial primary from U.S. Sen. Kay Bailey Hutchison. His critique of Washington regulations has traditionally played well with Republican primary voters, and might be Mr. Perry's strongest strategy for fending off the challenge from Ms. Hutchison, a three-term U.S. Senator, to win an unprecedented third term.

Ms. Hutchison, however, also stands against a carbon cap-and-trade system. "A cap and trade approach to address climate change is onerous and misguided, and it will raise energy prices for consumers and adversely impact workers and small businesses during a time of economic hardship," she said Tuesday in a statement.

Sonia

[mbperrin]

3. Ahh, they'll get over it. Especially since the self-same McCombs

has decreed that oil will be valued at $35 per barrel this year for local property taxing purposes. Since that's about half what the actual value is, they're getting a giant discount on local taxes, forcing my own local taxes up to cover the diffference.

Let's see - they get record profits, I get higher taxes, higher gas and electric prices, and the same services (if I'm lucky, and they have to be cut back.)

Yeah, they'll be fine. The greedy bastids.