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Location: Pantego, Texas, United States

Monday, June 29, 2009

There are some unexpected consequences that would result from the energy legislation recently passed by the House of Representatives. One result will be an increase in the price of gasoline by an estimated $0.77 per gallon. The price of imported gasoline will go up by $0.10 and the price of domestically refined gasoline will go up by $1.00. It seems logical that this will result in more imported gasoline and less domestically refined gasoline. Is that really an unintended consequence? I think not. I think the Democrats and the environmentalists know that, and want that to happen. The result will be that domestic refiners will cease operations. The jobs of those who work in those refineries will disappear. Obama likes to talk about creating "green" jobs. He does not talk about the jobs that are lost as he eliminates fossil fuel. I wonder why Obama doesn't talk about jobs lost? Here is some discussion on this issue.

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