Global Warming Bill Cools the Global Economy? Nouriel Roubini (Cliff Küle M-AA*) explores the effects of the cap & trade measure on the economy... thinks a higher price for carbon-based energy could weigh on US consumption in the near future but "Despite the risks of a new carbon price, this cost, plus the allocation of government & private-sector funds, could spur innovation & energy savings technology that could lead to productivity growth... Higher oil & coal prices could encourage a change in behavior that could boost the position of alternatives in the energy mix, even though carbon-based fuels (albeit higher-cost ones) are likely to fuel the economy for years to come"... http://www.forbes.com/2009/07/01/waxman-markey-cap-and-trade-global-emissions-bill-opinions-columnists-roubini_2.html