Teh bearz will eats our economies
Kevin Hassett, McCain advisor:
The first is the possible wide geographic reach of the global warming argument. The snail darter almost killed a single dam. The polar bear could, in theory at least, stop everything. [...]That's the kind of calm, cool, anti-hysteria argument one would expect from the straight-talk express.
It is hard to say how such challenges would play out. My guess is that it would heighten the pressure on the U.S. to adopt a cap-and-trade emissions program or a carbon tax.
The second impact of this ruling is that it will likely end all Arctic exploration for oil and gas, at least in the U.S. Given surging world demand for oil, increased supply is the only thing standing between us and $200-a-barrel oil.