Comments on: Cap and Trade: All Pain, No Gain for Consumers, Economy, Environment http://www.instituteforenergyresearch.org/2009/03/13/cap-and-trade-all-pain-no-gain-for-consumers-economy-environment/ for the well-being of mankind Tue, 16 Mar 2010 03:30:53 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Megan from ACCCE http://www.instituteforenergyresearch.org/2009/03/13/cap-and-trade-all-pain-no-gain-for-consumers-economy-environment/comment-page-1/#comment-469 Megan from ACCCE Tue, 17 Mar 2009 15:05:47 +0000 http://www.instituteforenergyresearch.org/?p=3079#comment-469 Very interesting findings from the IER. Similarly, <a>"a recent study</a> found that low-income Americans, specifically minority families, are hardest hit by rising energy prices. For the half of the U.S. families earning $50,000 or less per year, energy costs consumed 20 percent of after-tax income in 2008. The study also revealed that energy costs consumed a quarter of after-tax income when families made $30,000 or less. There may not be a perfect solution to the challenge of maintaining affordable energy, but there are ways we can hold down the costs. One of them is using low-cost energy resources like American coal—generating electricity from coal is 33% cheaper than other fossil fuels. Very interesting findings from the IER. Similarly, “a recent study found that low-income Americans, specifically minority families, are hardest hit by rising energy prices. For the half of the U.S. families earning $50,000 or less per year, energy costs consumed 20 percent of after-tax income in 2008. The study also revealed that energy costs consumed a quarter of after-tax income when families made $30,000 or less.

There may not be a perfect solution to the challenge of maintaining affordable energy, but there are ways we can hold down the costs. One of them is using low-cost energy resources like American coal—generating electricity from coal is 33% cheaper than other fossil fuels.

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