Could climate prove a change too far for Obama?
European enthusiasm for President Barack Obama's ambitious programme of US renewal does not hide deep uncertainty over the likelihood of his delivering on measures to combat climate change.Michael Boskin: Obama's Radicalism Is Killing the Dow
As for energy policy, the president's cap-and-trade plan for CO2 would ensnare a vast network of covered sources, opening up countless opportunities for political manipulation, bureaucracy, or worse. It would likely exacerbate volatility in energy prices, as permit prices soar in booms and collapse in busts. The European emissions trading system has been a dismal failure. A direct, transparent carbon tax would be far better.Lake Superior is freezing over « Watts Up With That?
Moreover, the president's energy proposals radically underestimate the time frame for bringing alternatives plausibly to scale.
Lake Superior last froze over in 2003. It has now, again, frozen over. The frequency of freeze overs has historically been around once every 20 years. Now, in the last decade, we have seen two freeze overs.
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