Wednesday, September 1, 2010

Cap and Trade Hurts Superior [everyone]

Cap & Trade Hurts Superior

For decades oil and coal have supported Superior with high paying jobs and tax revenues. Now is the time to support them with your vote this election cycle. The future success of the planned oil refinery expansion and the continued success of regional coal supplier Midwest Energy are now in the hands of the voter. Simply put, if you want gasoline and electricity rates to remain relatively affordable, vote for a candidate that opposes the Cap and Trade of carbon emissions.

It makes very little sense for the United States to take on the world’s perceived problems by saddling its citizens with outrageous energy taxes while enormous countries like China, Russia, and India are unwilling to participate on the same scale. Even more preposterous is to implement these types of policies when our country is at its most trying point of economic recovery.

Both Superior energy companies share similar viewpoints on Cap and Trade, but Murphy Oil’s viewpoint is more public and direct to the point as stated in the following two paragraphs from its fuel America website, Stand With Us Against Higher Fuel Prices:

If you are one of the many hard-working Americans who depend on their cars to get to work, school and home, you will shoulder the lion’s share of the cost of a climate change bills being considered in Congress.

The Waxman-Markey (H.R. 2454) and Boxer-Kerry global warming bills would increase energy costs, increase U.S. reliance on imported energy, reduce economic output, and jeopardize American jobs at the worst possible time – when we are fighting to climb out of a severe recession. Higher energy prices cause a ripple effect throughout our economy, increasing the costs of goods and services we all use and need.

Leaders in both political parties agree on the bills damaging effects, yet differ on their support. President Obama said “under my plan of a Cap and Trade system electricity rates would necessarily skyrocket”, yet fully supports its implementation. John Boehner, House minority leader, calls it “a punishing tax on American companies and consumers”.

With passage of Cap and Trade legislation looming on the horizon and its fine regulatory details hidden in thousands of pages of text creating an air of uncertainty; it is no wonder that companies are holding their cash reserves rather than expanding their workforce or facilities.

Julie Lassa and Russ Feingold openly support a Cap and Trade system that will ultimately result in drastic cost increases of the energies you consume. Use your vote this fall to let them know that cap and trade not only hurts Superior, but the entire recovery of the United States.

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