Preparing for Global Warming. Charles E. Cooke, deputy director of the Energy Institute at The University of Texas at Austin, in his greatenergychallengeblog.com, says that Congress has reached "what amounts to a stalemate in its consideration of climate change legislation, and it’s not clear how long this self-imposed hiatus will last." "Proponents of a cap-and-trade approach to limiting CO2 have failed to make a compelling case for adoption of a trading mechanism that establishes a price on carbon. Likewise, opponents to cap-and-trade have created considerable doubt in the public’s mind about the cost of that approach, particularly what effect those costs might have on job creation and economic growth," he continues. Read more [...]