The Slow Death Of Cap-And-Trade

Dave Roberts watched Reid pull the plug yesterday. His prediction:

Big Coal will be back begging for cap-and-trade: No, really. Right now there are EPA rules in the pipeline that are going to shut down a third or more of the existing coal fleet. No new coal plants are going to get built -- they're not cost-competitive with natural gas or wind, and every one runs into a buzzsaw of grassroots opposition. In other words, carbon caps or no carbon caps, Big Coal is in trouble. Sooner or later, the...