Word: forecast
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...family per year - but those numbers assume that billions of tons worth of inexpensive carbon offsets won't be available under the bill, which would significantly inflate the overall cost. That's not going to happen. A more reliable study from the nonpartisan Congressional Budget Office forecast that the bill would cost the average U.S. household $175 in higher energy costs annually by 2020 - and other studies estimate that the energy-efficiency provisions in the bill might even save Americans money over time. "The emission reductions in the bill can clearly be achieved at a tiny cost to the economy...
True, no economic forecast of 15 years into the future is ironclad, but there are enough safety valves and offsets in Waxman-Markey to ensure the cost will be manageable. But that's the problem. To keep conservative Democrats on board - especially those in the coal-heavy Midwest and Southeast - Waxman and Markey allowed the bill to be watered down considerably, loosening the overall carbon cap and scaling back the renewable-energy standard. When the powerful farm lobby balked at the bill, it was changed to allow farmers to sell offsets from agriculture, such as no-till farming, which leaves...
...expects the months ahead to be characterized by a trading-range market, with a lot of backing and filling. But in fits and starts, he believes, it will edge higher over the next 12 months. Perhaps it's a mark of these unusual times that such a modestly bullish forecast felt bold; it's another such mark that professional investors are just as skittish about the market as the little...
...meant for green initiatives: $2 billion to support lithium-ion batteries and hybrid electric systems, $800 million for a biomass program, $400 million to add electric technologies to vehicles and $400 million for geothermal technologies. But with public debt now equal to 82% of GDP and the budget deficit forecast to hit $1.4 trillion next year, the U.S. is in no position to spend more...
History Professor Charles S. Maier ’60 compared predicting a revolution in Iran to a weather forecast...