Speaking of recessions, the current one is being strengthened by escalating oil prices. This bill does nothing to satisfy that problem and will only make matters worse, even though we’ve been hearing for months that Congress will do their best to lessen the pain at the pumps. The double-speakers supporting the Climate Security Act will ultimately forgo overall national security (by increasing the reliance on foreign oil) so they can win votes now by pushing the currently popular green agenda. Because of the limitations of the cap, oil companies will wisely invest overseas. The American Petroleum Institute says investment in domestic oil research and production will decrease by $3 billion per year in the very near future and ten years out that loss of investment in the America’s will reach a frightening rate of $11.5 billion per year. Those who do remain will be forced to increase the costs that they pass on to consumers. The bill alone will account for an immediate (5 year) growth in gas prices in the range of 25 to 29 percent.