Dodging Devastation of Cap & trade

via the Orange County Register

The nation avoided global warming-related devastation last week. The Senate killed a grandiose scheme to clamp down on emissions of CO2, a benign, necessary, natural atmospheric gas. However, something similar, if not worse, will be back next year.

The devastation wouldn't have been the 1- or 2-degree temperature increases that may have occurred over the next century, which may not even be related to CO2. The real devastation would have been gasoline prices increasing $1.40 per gallon by 2050, millions of jobs lost or shipped overseas, an effective $3,700-a-year tax on families, a 33-percent increase in home energy costs by 2020, and, says the Heritage Foundation, the equivalent economic cost of 35 Hurricane Katrinas every year for two decades.

Those would be certain results of the failed Climate Security Act's vastly expanded government controls to extract trillions of dollars from productive companies and redistribute the money to politically favored interests, say the bill's opponents.

What's uncertain is whether the trouble and expense would have bought anything. Even if CO2 emissions are returned to the level of horse-and-buggy days, an increase of 0.013 degree Celsius might be avoided over the next century, says climatologist Patrick Michaels. That's if CO2 increases temperature, which many scientists doubt. So, why go down this path?

“Controlling carbon is a bureaucrat's dream,” MIT climate scientist Richard Lindzen said. “If you control carbon, you control life.”

The Climate Security Act, a.k.a. Lieberman-Warner: not dead enough.