Borelli is a self important schlock.
Would cap and trade only be an American only requirement? No, it is an
international movement. It would not  unfairly  impact COP.
The only thing COP is doing is to  get into  the formation of policy
and requirements, likely giving it an advantage on competitors, like
in their bringing low sulfur diesel on line years before it was
required. The lions share of these caps should be directed at the
worldwide coal industry,which is vastly more polluting than oil or
natural gas.
COP is well positioned in natural gas in North America, natural  gas
will have less of a cap than heavy oils, giving COP another advantage.
Whatever caps  there are will be across the board probably
internationally, so the net effect on one oil company over the other
is almost meaningless, it will all ultimately get passed on to the
consumer.

On Jun 29, 7:55 am, mac24_04 <mac24...@yahoo.com> wrote: