Peter Huber paints what seems like an accurate picture of the future of carbon energy: It's big and bright, despite what anti-carbon hysterics like Al Gore say.

Developing countries simply won't trade economic progress for the half-baked promise of a cooler earth, more poverty and low growth.

Coal especially will figure prominently in India and China. Australia is exporting coal to all takers. And we have a bunch of it in Pennsylvania but the Democrats and some Republicans are all against digging for it and using it. Go figure.

Money Q:

No serious student of global politics can accept the notion that the world will soon join ranks behind Brussels, Washington and the gloomy computer and its minders. Dar is surely right when he says, "The U.S. and Japan will not tell Asia and Africa to choose poverty, disease, hunger and illiteracy over electricity." Europe might, but nobody will listen. It won't have moral authority until its own citizens are emitting less carbon than Bangladeshis. That won't happen soon.