President Obama's climate change legislation, the so-called "clean energy" bill, has passed the House of Representatives and is now being debated in the Senate. The president claims the bill will "spark a clear energy transformation that will reduce our dependence on foreign oil and confront the carbon pollution that threatens our planet."In reality, the bill will have no impact whatsoever on global warming. If global warming is in fact real and man-made, the bill's imposition of a "cap-and-trade" permitting system on heavy emitters and the oil and gas industries will have only one consequence: the creation of a huge environmental...