"A growing number of economists, particularly from the academic world (W. Nordhaus, P. Samuelson, J. Stiglitz, P. Krugman, P. Volcker, L. Summers, G. Mankiw, S. Stoft) have defended the use a carbon tax as an instrument which is both efficient and equitable." —Center for Strategic Analysis, French Government (details)

Obama has called for a cap on carbon that would collect "$50 to $300 billion per year." (Caps are unpredictable in their cost.) Congress is busy drafting many such laws. In December Obama will send a team to Copenhagen to negotiate Kyoto II.

It covers James Hansen's fully-refunded carbon-tax proposal (He's Al Gore's climate adviser). And, it covers the fully refunded cap-tax now being proposed with Nancy Pelosi's blessing by Chris Van Hollen (D-MD).

Carbonomics puts all this and the Kyoto process into historic and economic perspective by showing what happened back in the early 1980s. Then OPEC jacked the price of oil up to $100 and the world changed dramatically. In fact the world crushed OPEC in 6 years, while it saved more carbon than has the Kyoto agreement. Carbonomics shows how we can do it better while saving trillions that we will otherwise pay as tribute to oil exporters. It also explains:

(1) peak oil, (2) climate uncertainty, and (3) how to make Detroit like fuel economy.

It then looks forward to the next 'Kyoto' agreement that will be worked out (or not) in Copenhagen in December 2009. Carbonomics brings the big picture into focus: history and economics, national and international policies, climate and security concerns.

Carbonomics explains the myths and confusions that keep the two sides at odds. One key confusion is the environmentalists' belief that a cartel would force down OPEC's price, so the world would use more—not less—oil. But the ONLY way a cartel can beat OPEC is to use less—not more—oil. Both sides forget what Carbonomics explains:

The price of oil will be lower, but the price of gasoline must be higher!

To raise the price without hurting consumers, we need James Hansen's "tax and 100% dividend," or as Carbonomics calls it, the "untax." Tax oil, but give the revenues back on and equal-per-person basis, like they do in Alaska. No, Alaskans do not spend it all on gasoline! This really works. And, because it drives down the price of 12 million barrels imported every day, it saves big bucks.

We can't explain it all here, you'll have to read the book. Look before you buy, or download five sample chapters. But if you care about our energy future, read Carbonomics, study this web site, and leave us your comments. And whether you're for climate stability, energy security or both, tell people about the Carbonomics approach. Only by cooperation can we gain the power to stop the Big-Fossil juggernaut and fix the climate.

Join us in uniting America to defeat OPEC and climate change.

—Steve Stoft  &  Dan Kirshner

China has nixed caps for 15 years. Kyoto is stuck. Addiction continues. OPEC will soon return.

Environmental & energy-security forces distrust each other.

Carbonomics shows the policies of cooperation, the only path to success.

Carbonomics is the only book that explains, in plain English, how energy markets really work, and what policies truly make sense.

The only popular book written by a top energy economist and praised by other top energy experts—not just by other energy journalist and gurus.