Behold the twisted, disfigured freak behind the pretty mask...
Just for the gas, the cost would be “an additional $178 billion annually, or about $560 for each man, woman and child in the U.S.”Oh, oh.
So, lessee… What kinds of manufacturing/industry uses fuel? All of ‘em. Check. Service industries? All of ‘em. Check. Financials? All of ‘em. Check. Consumer discretionary/necessities? All of ‘em. Check. Communications? Tech? Materials? All of ‘em. Check.
So what is the actual goal?*
"Carbon prices will soar as U.S. refiners compete with each other and other industrial companies for a limited number of allowances ... permit prices may top $100 a ton."
Yep. A new derivatives market for market playahs to... er, play in.
Because the last derivatives market worked so well.