“n 2009, these states will force power plants to buy CO2 “allowances,” which will be traded on the open market.”
I wonder when Joe six pack is going to figure out why his electric bill went through the roof. As if he is not tapped out already. Being that inflation is really over 10% and not the cooked up numbers the government is feeding us. What is even more crazy about this is that since it is on the market then the speculators will be free to force the price of these credits up through the roof. Just a they do oil. The wealthy speculators get to pocket a bunch of money, and the tax payer gets to foot the bill. Just wonderful. Maybe when Joe six pack can’t afford anymore beer, then maybe he will figure it out.