Brian Merchant is one of my favorite writers over at Treehugger and put up a gem of a post yesterday titled "Oil Industry Warns: If Climate Bill Passes, US Refining Will Fall. Duh." in reaction to the American Petroleum Institute's (API) hysterical press release warning that U.S. refining production would drop by a quarter by 2030 if the Waxman-Markey climate change bill is passed. Here's the meat of Brian's post:
Bloomberg says that the oil industry group American Petroleum Institute (the same folks behind the Energy Citizen rallies) commissioned a study on the impacts of the climate bill on stateside oil refining, and the report found that it will cut into both oil refining, and investment in oil refining. Oil refining will drop 25% by 2030, and investment in oil refining will drop as much as 80% by then. To which I say:
But more importantly, as Brian so succinctly points out, a drop in refining is a good thing. It's what a good climate change bill would/will do- we need to be burning less gas and oil, not more, or even the same as are now.
Fossil fuels are an addiction that we need to eventually wean ourselves from entirely. This will destroy the gas and oil refining industry. As it should.
The Waxman-Markey bill will result in less gas and oil being sold in our country. That is a big threat to the API, so they're going to do and say anything necessary to derail the bill.
Like point out the very obvious fact that a bill meant to reduce our use of fossil fuels will, gasp, reduce our use of fossil fuels. Insert scary music and cries of "they took our jobs!!!!".
Swing over to Brian's Treehugger post and give it a read.
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