Not surprisingly, in a different Pew Research survey, just 14% said they had heard a lot about cap and trade; a majority reported hearing nothing at all. However, when such a program is described to ...

said about cap and trade. "If anything, people are going to be spending less this year on gasoline and diesel." Oil distributors argue that the lower prices might be a temporary respite.

In a meeting last week, O’Connor observed many of the state’s biggest petroleum refineries complaining about cap and trade. But, says, O’Connor, “This creates an incentive to find ...