Oh yeah? Do you know how much grease and garbage waste is created in this country every day? I'll bet you that we produce enough to run our cars on. Oh, and they CAN convert garbage to fuel.
Way to stand up for big oil once again. We need to get you and people like you completely out of the way.
Scientists create new enzymes for biofuel production
Biofuel of the Future - Turning our Garbage into Energy | Oil Price.com
Facing reality =/= standing up for big oil. I would love to have a flying rocket that was powered by unicorn tears, but until that magical day happens maybe we should not bankrupt poor Americans who could not possibly afford $8/gal gasoline so that you can feel better about yourself.
Especially when we are talking about creating a false shortage of a product in order to raise the prices just so government can make more money. There is no shortage and the danger of drilling while catastrophic when something like this oil spill occurs are actually minimal.
I think the brunt of the financial hit from cap-and-trade wouldn't be felt at the gas pump so much as it would in the monthly energy bill you get in the mail. Estimates are at something like ~$1,500 more per year for a family of four, I think. Aside from that, there are other good reasons to be skeptical of cap-and-trade:
--The scheme was created by investment banks, mainly Goldman Sachs. It's a bit of an ad hominem, but I don't think it's unreasonable to be skeptical of the products investment banks create, in light of their recent shenanigans.
--Cap and trade has been implemented in the Euro-zone, but it has underperformed and in some places emissions have actually remained level or increased.
Having said that, I don't think the shortcomings of cap-and-trade are reasons to neglect investments in R&D of alternative energies. There's potential for market growth. With alternatives, we can lessen our reliance on OPEC and their bullshit games with the market, and we might be able to lessen our trade imbalance too.
We've got the high-skill educated workforce to be on the front edge of this R&D, but I think the big money isn't there yet. If the government shows a long-term commitment to alternatives, which is crucial since the government regulates energy infrastructure, then the private money could follow.
Probably the biggest upside to alternatives is in the long term, where, when fossil fuels reach the end of the line and their progressive scarcity makes them progressively un-affordable, we can be in a position for a less-painful transition to alternatives that will hopefully be cheaper if we have invested enough in them by that time, whenever it may be.
Ideally, I'd rather we reshape budget priorities instead of new taxes. We saw the shortfalls of Social Security coming for decades, but our politicians sat on their hands and abdicated responsibility to the future; I hope we don't make the same mistake with the way our country is powered.