Snail Trails
* http://www.hawaiireporter.com/story.aspx?7724a95d-54f2-403b-abab-db95e878d62a “We can afford an aggressive cap-and-trade policy to tackle ‘global warming’” The “Report” states or implies that “cap-and-trade” works well enough to make a difference to the climate; that it costs very little; and that it will not damage the US economy. The truth is that “cap and trade” does not work. The European Union’s carbon emissions are rising yearly, while those of George Bush’s US are falling yearly. In the EU, “cap-and-trade” has already been tried twice and has spectacularly failed twice, at huge cost. The environmental result: nil. Europe’s emissions continue to rise. There have been similar failures elsewhere in the world. A recent analysis by the U.S. Environmental Protection Agency of the Lieberman-Warner bill projects that costs of electrical power and gasoline would rise very sharply. Gasoline would cost about 53 cents per gallon more in 2030 and $1.40 per gallon more in 2050. Nigel Lawson...