"The Waxman-Markey bill that passed the House on Friday by a 219-212 margin will punitively tax energy sources that contribute 90% of current U.S. electricity (or 71% if you want to leave out nuclear). The taxes will be used to subsidize the 10% renewable contributors (but really just 3% after you leave out hydro).
In other words, Waxman-Markey is betting the future of U.S. electricity production on sources that now contribute 3% or supply 10 million Americans with electricity. That's enough juice for the people in Waxman's Los Angeles County. Or, if you prefer, for Nancy Pelosi's metro San Francisco plus Markey's metro Boston.
Well, what about electricity for the other 295 million? You can't get there from here with Waxman-Markey. At very best, solar, wind and cellulosic ethanol will make 20% contributions by 2025. The smart money would bet on 10%."
http://blogs.forbes.com/digitalrules/2009/06/waxmanmarkey-flunks-math.html
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