Cap and trade will enrich a new class of financial speculator and cost Americans billions. It will also drive-out manufacturing of every description for competitive reasons. Even non-polluting Microsoft says it will move jobs overseas because cap and trade “makes U.S. jobs more expensive.“ It is worse than a tax because only 15% of the proceeds from auctioned permits go into our national treasury.

And the kicker? We’ll never even know if cap and trade ever worked.

If instead the United States had a national mandate to replace coal generation plants with natural gas and nuclear energy, plus if we replaced our commuter cars with battery-powered electric cars, we would drastically reduce our dependence on foreign oil and reduce CO2 emissions faster and beyond the proposed cap and trade targets.

— Robert Moen, www.energyplanUSA.com