Pure silliness. Just because the US isn't signed onto the treaty doesn't mean we can't develop the technologies it calls for or involve ourselves in the "credit trading" process. We just aren't bound to use the stuff.
In fact, it seems more likely than not that we'll dominate these markets by not taking part in the treaty.
By not being involved, our economy remains strong, which will allow for more capital. Since industry won't be bound to obey stupid regulations, producers will find it in their benefit to manufacture the technology here. If the technology works and is not overly expensive, it most likely will be used here without coersion by the regulations.
Not taking part in this foolishness makes us far stronger. We ought to be laughing when other nations are signing onto Kyoto.
Furthermore, the treaty creates a definite market for the technologies we would be producing. Businesses in other countries would need to buy our products in order to comply with the treaty they signed on to.
That's the part I love most about it: before the Kyoto goes into effect, people from outside this country talk about how stupid we are that we can't see the consequences of not joining in on the treaty. After it goes into effect, they will whine about how we somehow manipulated the situation, forcing them to sign the treaty while taking advantage of it to improve our own economy.
Foreign stupidity makes America stronger.