EVERYBODY SCREAM: Be careful what you wish for: Global warming alarmism and green-envy could end up putting your financials into the fiery red. A recent study shows that cap-and-trade legislation could have catastrophic consequences for the motoring public, the transportation sector, and the wider economy. Not even hybrid vehicles would save enough to stanch the effects of such high gas prices.
And after all that trouble, guess what? China and India ignore any carbon limits and keep emitting as much carbon as they want anyway. Who knows, maybe their populous, ambitious middle classes may be a better future market for non-green limousines? -- M.R.
Print | posted on Friday, May 16, 2008 4:35 PM