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From the article...
"the White House’s middle estimate of the social cost of carbon — which measures the broad damage of putting it into the air, a starting point for debates over a carbon tax — is only about $43.39 per ton of carbon dioxide. That comes to about $18.66 per barrel of crude oil, a trivial sum "
Crude oil is trading at what, $46.50 a barrel? And the author of your article is saying that a "carbon tax" of $18.66 per barrel - a tax of about 40% - is a "trivial sum"? A 40% tax to address a situation which may not exist?
If that's what he's saying, the author is bonkers. He'll also probably win the Nobel Prize.
Did I read that wrong? Sounds exactly like something our Bolshevik-In-Chief would support. God forbid we just let that savings get into the hands of the people...
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