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.

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The chance that the Senate will pass a comprehensive energy-rationing (a k a climate) bill this year remains close to zero.  BP’s big oil spill in the Gulf changes very little.

The global warming movement peaked last June 26 when the House passed the Waxman-Markey bill.  When members went home for the Fourth of July, many who voted for it discovered that their constituents were angry and mobilized.

Seeing the public reaction, Senator Majority Leader Harry Reid (D-Nev.) dropped plans to move…

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Senator Barbara Boxer (D-California) appeared on CSPAN’s Newsmakers this Sunday to talk about the Kerry-Boxer climate bill. The highlight of the interview was when Boxer said that recent behavioral changes led to a drop in U.S. greenhouse gas emissions. She must have been referring to foreclosures and layoffs, because the ailing economy is the only reason that emissions have fallen.

Boxer inadvertently made a great point: Greenhouse gas emissions are causally correlated with economic growth. This is why her cap-and-tax energy-rationing bill…

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