carbon tax

It is worth noting that the two biggest environmental scares of recent memory-global warming and the BP oil spill-both failed to sway voters on November 2.  Quite the contrary, it was the ill-advised attempts to address them that sparked voter anger.  The Waxman-Markey bill worried the electorate more than global warming itself (and quite rightly so), and contributed to the loss of more than two dozen of its supporters in the House of Representatives.

Similarly, the BP oil spill had virtually no adverse impact on pro-drilling politicians. If anything, it was Obama’s overreaction to the spill in the form of the drilling moratorium that proved highly unpopular in Louisiana and other impacted States. The moratorium didn’t cost any Congressional seats there only because both Democrats and Republicans strongly denounced it.

Richard Morrison and Marc Scribner welcome Energy Policy Analyst William Yeatman to Episode 92 of the LibertyWeek podcast in which we discuss the prospects for John Kerry and Joe Lieberman’s latest incarnation of cap and trade legislation.