First, the SCOTUS decision on regulating tailpipe CO2 is a tipping point, even tho Bush has delayed it til the next prez.
Second, political consensus will be reached by the Senate this fall. Either Bingaman's bill, Lieberman-Warner's, or some combination of the two.
Bingaman's buy carbon credit scam?
No matter which way this turns, the American tax payer is gonna get skrewed.