The White House released a new fear-filled National Climate Assessment this week, offering the usual horrifying speculation instead of actual data.
Heck, if the worst-case scenarios in the climate computer models that have been consistently wrong for the past 30 years pan out, John F. Kennedy and LaGuardia airports could be under water. There could be more hurricanes. Our food will be less nutritious. And it’s all your fault, you evil, air conditioner-using, carbon-spewing, capitalism-loving Americans.
We know Obamarama is going to tax the rich, but I bet many didn't think he would weasel in the carbon tax as quickly as he is going to now. A Romney win would have been bullish for coal producers in the US – but Romney lost, and now so has coal, at least in the near term. The biggest winner from Obamarama? Natural gas.
Exxon Mobil Corp (XOM) is now supporting Obama in bringing a carbon tax to the US.