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Saturday, July 31, 2010

Best Buy aims to legally restrict American use of electricity via Soros cap and trade pressure group

7/30, "In this case, Best Buy equals worst thinking," Worthington Daily Globe, by Steve Milloy, 7/30/10 BICEP’s mission is to provide Congress and the public with the impression that U.S. business is demanding cap-and-trade and its corollary, renewable energy welfare programs."...As the oil 'spill' seems to be 'disappearing', US interests are racing to get some kind of climate/energy scheme through. BICEP is pressing US lawmakers to pass "an “energy efficiency resource standard” (EERS) that would

Although EERS is a dubious proposition for all BICEP’s members — including the Aspen Skiing Company, eBay, Levi Strauss, Nike and Target — Best Buy’s support makes one wonder what’s in the air at corporate headquarters....

  • Past the proliferation and increased use of all sorts of devices from cell phones to personal computers to electronic games, Americans are now turning to electronic book readers like the Kindle and iPad.

Add into the mix the push for electric vehicles, and the notion that there’ll be less need for electricity becomes even more absurd. The only way to use less electricity is to buy and use fewer and smaller gadgets, appliances and other consumer goods. It’s hard to see how these trends will bring any benefits to Best Buy’s bottom line.

  • Additionally, the question must be asked: Why should Americans want to use less electricity? What would be the economic impact of reduced electricity use?

As the National Academy of Sciences pointed out in its landmark report, “Electricity in Economic Growth (1986), “Electricity use and gross national product have been, and will probably continue to be, strongly correlated.” This truth of this relationship continues to exist — the economy is struggling and electricity use is down. More generally, there probably never has been a time in human history when social and economic advancement has occurred without increased use of energy.

  • In other words — and for the benefit of Best Buy’s management — if the goal is to have consumers that can continually afford to indulge in the latest electronic gadgetry, two things must happen — increased economic growth and available and affordable electricity.

Best Buy and the BICEP coalition, however, seem to be in favor of neither scenario — not so surprising given BICEP’s provenance. BICEP is the brainchild of Ceres, a environmental activist organization dedicated to co-opting business to the political left’s fight against capitalism and free enterprise. BICEP’s mission is to provide Congress and the public with the impression that U.S. business is demanding cap-and-trade and its corollary, renewable energy welfare programs.

Unlike, in their estimation, those they preach to, the BICEP companies care about the planet. In the end, BICEP’s precepts are simply bone-headed.

via Tom Nelson

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