Obama’s Energy nominee: We need carbon tax to double or triple energy cost

[CG6468]

Obama’s Energy nominee: We need carbon tax to double or triple energy cost

March 25, 2013 | 12:07 pm
Joel Gehrke

Commentary Writer
The Washington Examiner

President Obama’s Energy secretary nominee regards a carbon  tax as one of the simplest ways to move the energy industry towards clean technologies, though he notes that government would have to come up with a plan to mitigate the burden this tax places on poor people, who would pay the most.
 
“Ultimately, it has to be cheaper to capture and store it than to release it and pay a price,” MIT professor and Energy nominee Ernest Moniz told the Switch Energy Project in an interview last year. “If we start really squeezing down on carbon dioxide over the next few decades, well, that could double; it could eventually triple. I think inevitably if we squeeze down on carbon, we squeeze up on the cost, it brings along with it a push toward efficiency; it brings along with it a push towards clean technologies in a conventional pollution sense; it brings along with it a push towards security. Because after all, the security issues revolve around carbon bearing fuels.”

A push towards efficiency my ass

[JohnnyReb]

A push towards efficiency my ass

So, we capture and store CO2 for a 100 years or so, so we can release it all at once and suffocate all life on the planet.....good idea.

I'd rather be storing nuclear waste myself.

[thundley4]

So, we capture and store CO2 for a 100 years or so, so we can release it all at once and suffocate all life on the planet.....good idea.

I'd rather be storing nuclear waste myself.

A local company has a CO2 sequestration test going on. Their well site is just down the road from a company that sells dry ice.