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Originally Posted by thecoalman
One major cost to any industry is energy so it will effect every industry. Large emitters like the cement and steel industry will take it from both ends because in addition to the increased cost of power they will also be paying for their own CO2 emissions which are substantial. We also have the oil industry which uses it's own fuel to power refineries another major CO2 emitter.
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I considered these industries, but I don't think they comprise a significant portion of the economy.
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So far we have cost associated with power plants that turns your lights on, the very building blocks of society with cement and steel and the fule that provides us transportation. Those four things alone make up a substantial amount of expense for each and every person in this country. If you want to walk down a new sidewalk it's going to cost you more with this legislation.
If you want I can conitnue into agriculture, basic products everyone uses or even the water you drink. Everything we consume come with some cost in energy, if the energy costs go up so do the costs of the product.
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Yes, I already acknowledged this. The question is how much will it go up. The CBO report shows modest costs ten years down the road. No one can say with certainty what the costs will be, but I'll trust the CBO report as it's non-partisan.
What nobody is mentioning is that if we are successful in transitioning to renewable sources, cost will eventually go down, and we will have freed ourselves a great deal from dependence on foreign oil. This alone is reason enough to pursue the goals, IMO.
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