This Will Certainly Help the Economy of the President's Home State

Tesoro to stop refining oil in Hawaii.

Meanwhile, flashback: price of gasoline then. Price of gasoline now. Click on "5 years" when you get to the link.

And,

Midway through his second inaugural address, President Obama vowed to address the challenge of climate change — a key liberal priority.

"We will respond to the threat of climate change, knowing that the failure to do so would betray our children and future generations," Obama said.

Of course, the $16 trillion debt we leave our children is another story. 

And, climate change now means global cooling. Ah, the irony of it all.

Meanwhile in the EU, they can't give carbon credits away. That's a bit of hyperbole, but read for yourself: carbon credits are worthless through ("at least") 2045. So much for Al Gore's urgency:

Allowances in the emissions trading system, the world’s largest, are “worthless” without a change in the rules to tighten supply and curb a record glut, according to UBS AG. Low bids from utilities, factories and banks forced Germany on Jan. 18 to cancel a sale of permits for the first time. Today’s sale of prompt allowances by EU nations had a settlement price of 4.70 euros a ton.

“With current rules, the emissions trading system won’t work until 2045, thus carbon is worthless,” Per Lekander, a Paris-based analyst at UBS, said today in a research note. 

You and I would go to jail promoting this scam.