Saturday, August 27, 2011

Pretty Soon You're Talking Real Money...

... and real insanity about ozone:

Ace of Spades HQ: "Oooh. And would it be expensive to meet the new limits?
...during the years 2020 to 2030, the annual compliance costs would exceed $1 trillion (in 2010 dollars). That cost works out to 5.4 percent of GDP in 2020. Total job losses by 2020 could reach 7.3 million by 2020, which represents an estimated 4.3 percent of the total labor force that year.
In other words, tack on 4.3% to the unemployment rate.(this is not the EPA's estimate. But they're not the only ones who are allowed to do math). I've heard a number thrown out on talk radio lately. Somebody is saying the cost of regulatory compliance in the US is 1.5 Trillion a year. And here just one modification to one regulation would be an extra Trillion."
And then there's this for the whipped cream on top:
... the proposed 60 parts per billion standard is so strict, that even areas of Yellowstone National Park may not be in compliance. To the extent that some areas will be affected by ozone emitted elsewhere (even outside the United States), it may prove literally impossible to comply with the draconian new regulations.
Good God. These people are completely fracking insane. Full stop.