• Under my plan of a cap and trade system, electricity rates would necessarily skyrocket… Because I’m capping greenhouse gasses, coal power plants, natural gas…you name it…whatever the plants were, whatever the industry was, they would have to retro-fit their operations. That will cost money…they will pass that money on to the consumers.

    "Obama: Energy Prices Will Skyrocket Under My Cap and Trade Plan". November 2, 2008.
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