The latest Newsweek features the following exchange between Fareed Zakaria and U.S. Energy Secretary Steven Chu:

How would you describe Obama’s energy policy in a few sentences?
We
look at all the factors and we say, how can we get to the lowest
possible level of carbon as quickly as possible and not only at the
lowest cost but with the greatest possible economic opportunity for the
U.S.?

If that’s true, there’s a simple solution: let the market work. Roy Spencer explained why during a 2008 interview with Carolina Journal Radio: