As long as the United States remains dependent on the global market for oil -- even if an increasing share of that oil is produced domestically -- we remain subject to wild swings in price for a fossil fuel that is becoming increasingly expensive to produce
Consider this: The federal government could, without any new laws, significantly restrict both the supply of, and demand for, fossil fuels. Only the state has the power to euthanize the fossil fuel industry. If the climate movement is serious about controlling Big Carbon it needs to get serious about Big Government.
A new and genuine, if inadequate, global climate architecture has been teed up for next year in Paris. But whether Paris serves as the foundation for steadily more ambitious climate progress or is the marker of the reality that that world will not break the back of fossil-fuel dominance is going to be determined by how the world community reacts to five new realities.