Congressman says cap & trade unlikely in election year

The U.S. Congress likely will not pass a bill as controversial as cap and trade during an election year, says Congressman Mike Conaway, R-Texas, but he warned folks attending the 53rd annual meeting of Plains Cotton Growers, Inc., last week in Lubbock that the EPA could regulate greenhouse gas without a Congressional vote.

Senate Leader Reaffirms Plans for Climate Bill Debate as Sponsors Prepare Bloc-To-Bloc Talks - NYTimes.com

Several industry officials are still skeptical Kerry can actually deliver on the many offers he has been making to the fence sitters in recent private conversations.

"He's literally trying to promise everything to everybody," said one industry source close to the negotiations. "While his enthusiasm is appreciated, there's grave doubts he can hold the promises he makes."
...
Asked if he thought the climate bill had a chance of passing the Senate, Begich said, "I'd give it a 60 percent shot out of 100, which is better than two months ago."

Intrade: CAP.TRADE.DEC2010 [more like an 18 percent shot]

Last Trade : 18.0