If cap-and-trade comes to the U.S., and the permits aren't auctioned off, wait 8-12 weeks after the first trade and
SHORT THE PISS out of it.
(the why, you can figure out for yourself [see *note in post below on tipsters])
One month chart, from PointCarbon:
The price of carbon allowances in Europe’s cap-and-trade scheme was broadly unchanged on Friday as traders paused for breath following sharp falls in recent days, prompted by strong coal, weak natural gas and big volumes of selling in UN-approved emissions reduction credits.
