Comptroller: Energy bill will cost jobs

http://www.kxan.com/dpp/mobile/Comptroller_energy_bill_will_cost_jobs

I was reading an article from KXAN's political section and came across something that I found to be interesting. There is currently a new energy bill that is moving through Congress that will implement a cap and trade on energy use. The comptroller is saying that if passed it will cost Texans over a hundred thousand jobs. The cap and trade bill would "cap" limits on carbon emissions in an area and then in those areas those are allowed to "trade" credits to areas in need of reducing emissions. Different areas would buy, sell, or trade greenhouse gasp credits to credit some sort of limit on the state. This bill would not impact families directly, but Texas is the # 1 oil and gas exporter in the country and this bill would definitely limit the amount of production people would be able to do. Since people would not be able to produce the amount of what they are currently doing; therefore, they would not need as many employees or laborers to work for them creating major jobs cuts in Texas. I thought this was interesting since Texas has remained one of the few states that have not seen a huge job loss in the recession that we are living in. People are moving to Texas from all over the country to have a job and make a life for their families. If they were to pass a bill then people would have no reason to move here to keep the economy steady like it is now and possibly get laid off from their new job. Texas is a state that has a lot of jobs in manufacturing, agricultural, gas, oil and electric industries. A bill of this nature would directly impact all those industries. In a time that every job counts, they should rethink about this bill and possibly make more modifications to it.