Green jobs?: Climate [Swindle] Rules Will Kill Firm Says Lion Oil Exec

Steve Cousins, vice president of refining for Lion Oil Company, an 80-year-old Arkansas-based refiner, testified that the company would have to “shutter operations” within a year and lay off 1,200 workers if climate-change legislation now before Congress is passed into law. Carbon-emission allowances under the law “will make our survival impossible” he told members of the House Energy and Commerce Subcommittee on Energy and the Environment.

Lion Oil Company emits 10 million metric tons of carbon dioxide a year and would have to spend $180 million for credits during the first five years. The company’s average net profit over the past 23 years has been $13 million. Cousins charged that “this bill’s treatment of domestic refiners with respect to the allocation of allowances is simply a thinly veiled attack on crude oil as an energy source and domestic refiners as a provider of energy to consumers, farmers, and truckers.”

Climate Observations: The Reemergence Mechanism [Do Gavin Schmidt's models handle all of this correctly?]

Furthermore, North Pacific SSTs have a multiyear memory during the cold season. Deep oceanic mixed layer temperature anomalies from one winter become decoupled from the surface during summer and then ‘reemerge’ through entrainment into the mixed layer as it deepens the following winter (Alexander et al. 1999). Thus, over the course of years, at least during winter and spring, the North Pacific integrates the effects of ENSO." [Emphasis added]