today in global warming.....................

[BlueWahooChambordDevil]

its may 16th and 51 degrees here

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: BlueWahooChambor</div><div class="ubbcode-body">its may 16th and 51 degrees here </div></div>

Looks as if someone thinks it is real...

High gasoline prices may be today's energy crisis, but electricity rates and natural gas prices could become even bigger headaches for businesses in the future.

Pending legislation to cap greenhouse gas emissions would increase the cost of electricity and natural gas, according to a new analysis by the Energy Information Administration. The federal agency studied the potential impact of the Lieberman-Warner Climate Security Act, which would cap emissions of carbon dioxide and other gases tied to global warming. EIA projects the legislation would reduce carbon emissions in 2020 by up to 36 percent below what they would be under current regulations.

More than 80 percent of the emissions reductions would come from the electric power sector, EIA projected. This would be achieved through expanded use of nuclear power and renewable energy sources, as well as deploying carbon capture and sequestration (CCS) technology at fossil-fuel power plants.

If cleaner sources of power and CCS technology are not developed quickly enough, electric utilities would increase their use of natural gas as a substitute for coal, according to the study. This would result in "markedly higher" natural gas prices, EIA predicted.

That would impact Florida Power & Light Co., which relies on gas to generate 50 percent of its energy. The company gets 20 percent of its power from nuclear power, and recently announced plans to add two reactors to its Turkey Point plant near Homestead.

FP&L only gets 5 percent of its power from coal; the remainder is from oil or purchased from other utilities.

FP&L has filed to increase the average consumer bill by about $2.50 next year to help pay for the two reactors, according to news accounts of regulatory filings.

Nationwide, the proposed regulatory changes would increase the price by 5 percent to 27 percent by 2020, compared with what would happen under current regulations, according to EIA. By 2030, the price would be 11 percent to 64 higher.

These higher energy costs would hurt the economy, with the impact growing worse over time as the emissions caps become more stringent, according to the study. Manufacturing would be the hardest-hit sector, EIA predicted.

Higher costs worry manufacturers
The Lieberman-Warner bill "runs the risk of doing more economic harm than environmental good," said John Engler, president and CEO of the National Association of Manufacturers.

"Manufacturers are the most natural gas-intensive sector, and affordable natural gas is essential to the long-term competitiveness of manufacturing and the U.S. economy," Engler said. "We cannot continue to propose increases in the price of natural gas while failing to expand domestic gas exploration and increase investment in nuclear energy technology."

The U.S. Chamber of Commerce contends the bill's timetable for greenhouse gas reductions is unrealistic.

"In fact, the only way to get there - without shutting down economic activity - would be to use technologies that don't yet exist," chamber President and CEO Tom Donohue said.

'Price signals' to spur innovation
Development of these new technologies, however, would accelerate if Congress caps carbon emissions, environmentalists say.

By Kent Hoover

updated 8:00 p.m. ET, Sun., May. 11, 2008
http://www.msnbc.msn.com/id/24660180/

Funny isn't it? As long it is the avg Joe buying gas, who gives a [censored], but somebody worries about the cost of natural ags, which is already 4 times as high as coal. And the 40% target is the Rep. party figure, the Dems are worse. [img]/LDPforum/ubbthreads/images/%%GRAEMLIN_URL%%/grin.gif[/img] That 5% coal figure means Fla is paying double the nat avg for power.

[BlueWahooChambordDevil]

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">Looks as if someone thinks it is real...</div></div>
alot of people do......al gore has alot of sheeple