‘Cap and Trade’ Plan Likely Will Raise Energy Prices, Says Senate Energy Chairman

President Barack Obama’s ''cap and trade'' plan is designed to reduce greenhouse gas emissions that allegedly contribute to global warming. Sen. Jeff Bingaman (D-N.M.), chairman of the Energy and Natural Resources Committee, told CNSNews.com that

''in order to put in place an effective reduction in greenhouse gas emissions, you’re going to see higher costs for energy going forward,''

[And when energy costs effect the cost of? A: Everything.]

READ MORE