“We need more nuclear power”: Congressmen MIKE PENCE, JOHN SHIMKUS and FRED UPTON in WSJ

WSJ:

While the price of gasoline has risen 50% in the past five months, Democrats in Congress nevertheless seem determined to make our energy situation even worse. Case in point: Legislation sponsored by Reps. Henry Waxman and Edward Markey to establish a cap-and-trade system that will sharply limit carbon-dioxide emissions and increase energy prices.

Independent analyses by Charles River Associates Inc. and the National Association of Manufacturers predict the Waxman-Markey bill will cost millions of domestic jobs as manufacturers relocate plants to countries with less draconian environmental regulations. Meanwhile, the electricity rates under a cap-and-trade system would, as President Barack Obama said in January 2008 “necessarily skyrocket,” by some estimates up to $4,300 each year.

This is not the way to go. Instead, House Republicans this week unveiled legislation that will lead to lower prices, more jobs, a cleaner environment, and greater energy independence. The centerpiece of our American Energy Act is a commitment to increase the production of our abundant domestic natural resources, and not to punish traditional energy producers and consumers.

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