Duncan Black asks:
Curious : It isn't something I follow closely generally, but I am a bit confused why the looming specter of EPA regulation hasn't melted some opposition to a decent climate/energy bill.
Exactly. If I were the energy industry or an energy-using industry, I would be absolutely desperately lobbying full-time for a cap-and-trade system rather than EPA-style regulation of carbon dioxide.
I suspect that the energy and energy-using industries are confident that the EPA will shy at the jump--that Obama doesn't want to get into a fight. But I don't see why they are so confident.