California’s Cap and Trade program, which is the buying of selling of pollution credits, will increase the price of gas and diesel in the state by $0.15/gallon starting next year. Those who created the plan see the increase as “unintended” while those of us who understand how business works saw it coming a mile away.
Read Richard Coyle’s, President Devine Intermodal, op’ed in the Sacramento Bee. Click here.
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Oh, and did we mention, 25% of all Cap and Trade monies collected will go to build high-speed rail. Forget about our dilapidated roads and bridges…who needs goods movement anyway?