WonkLine: June 8, 2009

Posted by Wonk Room Mon, 08 Jun 2009 13:08:00 GMT

From the Wonk Room.


We really can’t say we’re the Saudi Arabia of coal anymore,” says Brenda Pierce, head of the USGS team that found the estimates of a 240-year supply of coal in the United States to be grossly inflated, as “relatively little of it can be profitably extracted.”

The Congressional Budget Office has released its cost estimate of the Waxman-Markey American Clean Energy and Security Act (H.R. 2454), finding that it would reduce budget deficits “about $24 billion over the 2010-2019 period.”

In a mock hearing today, Republican senators Lamar Alexander (R-TN), John McCain (R-AZ), and Jim Bunning (R-KY) “will propose building 100 new nuclear power plants over the next 20 years” instead of a mandatory cap on greenhouse gas emissions.


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