Sunday, June 28, 2009

300 Pages of Climate Bill (H.R. 2454) That Were Missing

Has anyone read it (other than Mr. Boehner who read it on the House floor)? For that matter, has anyone at all read the entire bill?

Here's the PDF file of what was missing.

I watched the youtube video linked above of House Minority Leader reading the bill while following the pages on the PDF file.

  • Definition of biomass
  • Renewable energy usage percentage mandate for federal agencies
  • High-efficiency gas turbine research and development
  • New housing standards (based on California's)
  • Energy rating for houses (that sounds like a death knell to the existing house market)
That's up to about page 46. It seems like the federal government is going to dictate everything from housing standard to building permit price.

California housing standards that Mr. Boehner is referring to is 2008 Building Energy Efficiency Standards for Residential and Nonresidential Buildings, a.k.a. Title 24. It looks monstrous, unless you revel in a bureaucratic maze and/or you are on the receiving end of increased fees for the various permits.

It seems we have a new bubble. Instead of resulting in asset price inflation like the previous bubbles did, this one may collapse everything else but itself. The bubble that's taking shape is a government bubble, which will grow and grow at the expense of everything else.


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