The central fact of Congress's new cap-and-trade bill, the American Clean Technology and Security Act, is that it will increase the price of energy. In an attempt to ward off voter displeasure over higher energy prices brought about by carbon rationing, the denizens of Capitol Hill have tacked on a number of policy obfuscations designed mask the increases. As Science Correspondent Ronald Bailey explains, this means that energy prices will be even higher than they would otherwise be. Welcome to the wonderful looking-glass world of cap-and-trade politics!
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