>In the London Sunday Telegraph, Mark Steyn had a theory of why Bush dumped
>Kyoto:
>
>"[I]f I understand this global-warming business correctly, the danger is
>that the waters will rise and drown the whole of Massachusetts, New York
>City, Long Island, the California coast and a few big cities on the Great
>Lakes-in other words, every Democratic enclave will be wiped out leaving
>only the solid Republican heartland. Politically speaking, for conservatives
>there's no downside to global warming."
Though nastier hurricanes will be very bad news for Florida and Texas. Too bad the CBOT dropped its catastrophe futures contract, otherwise we could hedge.
Doug