24 Mar 2009

Two Blog Posts From the Institute for Energy Research

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* This post shows that the Obama budget’s estimate of $646 billion from cap and trade revenues was way below the real belief. According to the deputy director of the National Economic Council, the White House is expecting more like $1.3 to $1.9 trillion. I’m sure it was just an oversight that those numbers didn’t make it into the original release.

* In this post the writers (mostly me) explain Smoot-Hawley and the return to protectionism today under the guise of stopping carbon “leakage.” So on top of all the other garbage going on, we will probably have a trade war too.

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