Addicting the US to Cap and Trade — MasterResource

With little fanfare, President Obama is sneaking carbon emission trading in the back door: he’s planning to addict the US to revenues generated by selling carbon permits to fund his expanded healthcare, environmental, and educational agendas.
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It looks like we’re in for the world of Goretopia with the whole megilla: cap-and-trade combined with a draconian regulatory regime. Look for more gasoline taxes next. Remember Gore’s call for a “wrenching transformation” of society? This is what it is looks like.

Pressure Grows on E.U. to Intervene in Carbon Market - Green Inc. Blog - NYTimes.com

There are ominous parallels with spring 2006, when carbon traders found out that European governments had given away too many of permits for free. A resulting weakening of demand for permits meant their price eventually dropped to nearly zero.

Some political leaders and analysts now are openly suggesting that European Union regulators may have to intervene in the carbon markets to save the Emissions Trading System from further brushes with ignominy.

Deregulation or greens to blame for utility shut-offs?

The fuller story is that Maryland had capped electricity rates until a few years ago when the caps expired and market forces — like supply pressures — pushed prices up.

Who’s against increasing supply? A year ago, the Post reported that it was the greens.