Farm Fest: Candidates wrangle over cap-and-trade

“Cap and trade is not energy policy. Cap and trade is a tax. And it will fall particularly hard on agriculture,” Demmer said.

Walz said cap-and-trade will help spur domestic industries for new sorts of energy like biofuels. Walz tied the issue to America’s dependence on foreign oil.

“We send over $1 billion and a half dollars a day to three countries that support terrorism that hate us. …This is a solution that can come right from Minnesota. This can be solved and cap and trade is simply a start on that,” Walz said.  [Where's the part about preventing droughts, floods, fires, prostitution, shrinking sheep, and kidney stones?]

[Which three countries is Walz talking about above?]   - Dot Earth Blog - NYTimes.com

[$1.5 billion per day is $547 billion per year.   If we only send $96 billion to OPEC countries a year [and they don't all support terrorism and hate us], isn't Walz making an unsupportable claim?]

OPEC - Wikipedia, the free encyclopedia

The Organization of the Petroleum Exporting Countries (OPEC, pronounced /ˈoʊpɛk/ OH-pek) is a cartel of twelve countries made up of Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela.