fran

Three Investment Trends That Benefit From Cap and Trade

cheers for lord browne and fe banks. i do not share your optimism about our DOE sectry. the USA looks to be headed into the same dilemma as EU has been in for several years. how/if this position can be reconciled with a "NEW KYOTO" will provide interesting entertainment.
the current ACES house bill is really meant to raise federal revenue. if it were otherwis, a clear taxation method of pain would suffice and be transparent; which the obfuscation being considered is not.
the "trading" aspect with all its financial overhead and scamming is not comprehended by the electorate.
but, since financial reform is in vogue, new market instruments to replace collateralized debts/swaps are a must.

On Jun 28 09:55 AM Ferdinand E. Banks wrote:

> The former boss of British Petroleum, Lord Browne, once thought that
> cap and trade made sense. Not too many months ago he said that it
> was nonsense.
>
> Judgements of this type are overlooked by the US government and cap
> and trade boosters in Congress and elsewhere. However I am ready
> to believe that the new Secretary of Energy is smart enough to understand
> the deficiencies of cap and trade, and one day he will take steps
> to do exactly that. And, when that happens, he goes to the President
> and tells him to give one of those brilliant speeches in which -
> like Lord Browne - he informs the great American television audience
> that the measure is nonsense, and is being discarded immediately
> if not sooner.