Whoever is elected president, global warming legislation is going to be passed in Washington next year.
Legislation proposed by both John McCain and Barack Obama will require that the cost of energy to become so high that people will avoid using it. The serious question is: why would we do this in the current economic environment? Why would we take away capital that people would otherwise use to invest in companies that produce efficient things when that capital is already being destroyed at an alarming rate?
Alternate energy sources - wind, solar, biofuels, etc. - are not available at competitive prices with carbon based fuels. When they become competitive, we will not need legislation to implement their usage.
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