Blue Sky Mining.

“One of the bill’s co-sponsors, Rep. Edward J. Markey (D-Mass.), said: ‘The American people wanted change in our energy and climate policy. And this is the change that the people are overwhelmingly asking for.’ He called it ‘the most important energy and environment bill in the history of our country.‘” After much wrangling and a half-hearted GOP attempt at filibuster (which is only a prerogative of the Senate), the House passes the Waxman-Markey climate bill, 219-212. (Eight Republicans voted for it, 44 Dems opposed.) The “cap-and-trade” bill “would establish national limits on greenhouse gases, create a complex trading system for emission permits and provide incentives to alter how individuals and corporations use energy.” [Key provisions.]

There is some concern that the bill has been watered down too much out of political necessity: “While the bill’s targets may seem dramatic, they are in fact less than what the science tells us is required to avoid catastrophic warming. The 2020 target in particular is far too weak and quite easy and cheap for the country to meet with efficiency, conservation, renewables and fuel-switching from coal to natural gas.“

Still, environmentalists remain hopeful. “It is worth noting that the original Clean Air Act — first passed in 1963 — also didn’t do enough and was subsequently strengthened many times.” And, while the bill — which (sigh) gives away 85% of the new emission allowances (the heart of the “cap-and-trade” market hopefully soon to emerge) to interested parties — looks to “set off a lobbying feeding frenzy,” groups like the NRDC seem to agree that “[t]his is the best bill that can actually get through committee.”

Of course, now the bill has to get through the Senate, where the usual lions lie in wait. “”Senator Inhofe of Oklahoma said ‘It doesn’t matter,’ he declared flatly, ‘because we’ll kill it in the Senate anyway.'” And even some Dems are fatalistic about its prospects. “Mississippi Rep. Gene Taylor (D) voted against the measure that he says will die in the Senate. ‘A lot of people walked the plank on a bill that will never become law,’ Taylor told The Hill after the gavel came down.” Looks like Sen. Reid has his work cut out for him.

A Republic of Knowledge.

“I believe it is not in our character, American character, to follow — but to lead. And it is time for us to lead once again. I am here today to set this goal: we will devote more than 3 percent of our gross domestic product to research and development. We will not just meet, but we will exceed the level achieved at the height of the space race, through policies that invest in basic and applied research, create new incentives for private innovation, promote breakthroughs in energy and medicine, and improve education in math and science.“

It’s poetry in motion: In a clear break with his predecessor, President Obama pledges $420 billion for basic science and applied research. “And he set forth a wish list including solar cells as cheap as paint; green buildings that produce all the energy they consume; learning software as effective as a personal tutor; prosthetics so advanced that you could play the piano again and ‘an expansion of the frontiers of human knowledge about ourselves and world the around us.’” Huzzah! (And fwiw, I would also like more manned spaced exploration…and a jetpack.)

Coens Cold to Clean Coal.

Well, that’s just, like, your opinion, man: By way of a high school chum, the Coen Brothers try their hand at muckraking in a new spot against “clean” coal. “The Reality Coalition promises a whole series of Coen brothers ads — which were actually designed and produced by Crispin Porter + Bogusky, the Boulder, Colo., agency behind the “Truth” anti-tobacco campaign.” Have fun, guys, but please don’t quit your day jobs.

Drillbit McCain.

So, as you likely heard, John McCain recently took time off from pretending to be Mr. Environment to join Dubya in calling for the resumption of offshore drilling (thus prompting his possible No. 2, Florida Governor Charlie Crist, to also rethink the issue.) As many writers have pointed out, this just so happens to be a switch from what he said three weeks earlier, in keeping with McCain’s usual m.o.

Well, the environmental consequences notwithstanding, TIME’s Bryan Walsh asks the pertinent question: “Will more drilling mean cheaper gas?” Nope. “Even if tomorrow we opened up every square mile of the outer Continental Shelf to offshore rigs, even if we drilled the entire state of Alaska and pulled new refineries out of thin air, the impact on gas prices would be minimal and delayed at best. A 2004 study by the government’s Energy Information Administration (EIA) found that drilling in ANWR would trim the price of gas by 3.5 cents a gallon by 2027.” In other words, this is the gas tax holiday all over again. (TIME link via Dangerous Meta.)

Reality Bites.

“I’m not going to put my lot in with economists.” As TPM noted, we seem to have finally reached the point where there are “no more sharks left to jump.“ For alas, Sen. Clinton’s final, fraying tether to the reality-based community (and my general election vote, not that she’ll be getting that far anyway) gave up its last this weekend, as she — in defiance of her usual m.o. and very much in the manner of Dubya and the GOP — deemed universal opposition to her gas tax pander to be merely a figment of “elite opinion“. (She’s also doubled down on her anti-Obama gas tax ads.) As Robert Reich noted: “In case you’ve missed it, we now have a president who doesn’t care what most economists think. George W. Bush doesn’t even care what scientists think. He rejects all experts who disagree with his politics. This has led to some extraordinarily stupid policies.” (Clinton partisan Paul Krugman, also a member of the elite-economist cabal, has yet to weigh in on his being cast down as an enemy of the people.)

As it turns out, one of the salt-of-the earth proles at the event (self-identified as an Obama voter making less than $25,000 a year) called Clinton out to her face for this blatant idiocy: “‘I do feel pandered to when you talk about suspending the gas tax,’ the woman said, adding: ‘Call me crazy but I actually listen to economists because I think they know what they’ve studied.’” Clearly, this woman will be requiring significant reeducation. “‘How can I help seeing what is in front of my eyes? Two and two are four.’ ‘Sometimes, Winston. Sometimes they are five. Sometimes they are three. Sometimes they are all of them at once. You must try harder. It is not easy to become sane.’” (Give Clinton credit: Her campaign has been a travesty, but it’s been great fodder for Orwell references around here.)

In any case, regarding the big picture: Unfortunately for earlier hopes that we’d be done May 6, it’s looking like tomorrow will almost assuredly bring a split, with NC for Obama and IN for Clinton. (That is, unless Zogby has finally broke out of its slump this cycle.) Meaning, of course, that Clinton will be even more mathematically eliminated. And yet, in all likelihood, we’ll slog on to June 3. Yay. (With that in mind, each side picked up another super today: Kalyn Free of OK for Obama and Theresa Morelli of Dems Abroad for Clinton. But as Morelli only counts for 1/2 a vote, that’s another 1/2-vote pick up for Obama.)

Update: make that two and a half: Obama picks up two more MD supers, Michael Cryor and Lauren Dugas-Glover. And it sounds like some of Clinton’s CA supers are reconsidering their options.

Update 2: Apparently, economists still mattered in 1992.

The Petrol Pander.

“I don’t think it’s brilliant economics; unfortunately, it may be good politics. The smart people say ‘It’s stupid,’ and the people who aren’t as schooled say ‘At least it will do something for me,’…I don’t know that anyone connects the dots: that there have been a series of politically expedient decisions…that have added up to an economic picture that is not at all rosy and in fact fairly disastrous.” In an A-1 story this morning, the WP joins the recent general calumny against the Clinton-McCain gas tax cut (which Clinton is now campaigning heavily on in IN and NC — Obama is now pushing back on TV.) “‘You are just going to push up the price of gas by almost the size of the tax cut,’ said Eric Toder, a senior fellow at the Urban-Brookings Tax Policy Center in Washington.” Indeed, it’s apparently such a dumb idea that even diehard Clinton cheerleader Paul Krugman is forced to concede thus. Of course, the reality of the situation hasn’t stopped Bill Clinton from entering full-Pander Bear mode on the issue.

Update: Clinton doubles down, and introduces legislation promoting McCain’s lousy idea in the Senate. Responded Obama: “It’s a Shell game, literally.”

Going down swinging.

Four days out from Zero Hour and as per the kitchen sink strategy, the Clinton campaign attempts a few more sad gambits to stay alive in the race…

Fearmongering: It’s 3am and your children are safe and asleep, but there’s a phone in the White House and it’s ringing…” Sen. Clinton has a new terror, terror, terror ad out in Texas, suggesting an Obama presidency will result in all manner of horrible things disrupting the sleep of your dear children. (It echoes this old Mondale spot, by the same ad guru twenty-four years ago.) Sen. Obama responded here: “We’ve seen these ads before. They’re the kind that play on peoples’ fears to scare up votes…We’ve had a red phone moment. It was the decision to invade Iraq. And Senator Clinton gave the wrong answer. George Bush gave the wrong answer. John McCain gave the wrong answer.” Update: If this seems like a McCain ad, that might be because it was one, a fan-made ad back in January. (Then again, LBJ did it too.) Update 2: The Obama campaign already has a response ad out.

Moving the Goalposts (again): Flying in the face of reality once again, the newest Clinton campaign spin gets silly: “With an eleven state winning streak coming out of February, Senator Obama is riding a surge of momentum that has enabled him to pour unprecedented resources into Texas, Ohio, Rhode Island and Vermont. If he cannot win all of these states with all this effort, there’s a problem.” Uh, no. Quite the contrary. The math hasn’t changed since Wisconsin. Sen. Clinton must not only win Texas and Ohio, but win them both by twenty points. Anything less, and her campaign is mathematically kaput. (The reason for this goofiness from the campaign? Rhode Island looks to be an easy Clinton pick-up.)

Shady lawyering: “It has been brought to my attention that one or both of your campaigns may already be planning or intending to pursue litigation against the Texas Democratic Party…Such action could prove to be a tragedy for a reinvigorated Democratic process.” Texas Dem sources say the Clinton campaign has — in keeping with their strategy in Nevada last month — threatened a lawsuit to disrupt the caucus process there. Camp Clinton has backed away from these threats since they leaked, but sources maintain Clinton is suggesting legal action to cast doubt on the Texas caucus results on Tuesday night, thereby possibly buying her campaign a media cycle or two before the inevitable happens.

Granted, I’m a partisan. But I really don’t see any of these working to Sen. Clinton’s advantage. In fact, they just make her and her campaign look that much more petty. (See also the newest playing of the gender card: “‘Every so often I just wish that it were a little more of an even playing field,’ she said, ‘but, you know, I play on whatever field is out there.’” Aw, it’s hard out here for the wife of a popular, two-term ex-president!) Update: In the meantime, Sen. Obama has picked up four more supers.

Update 2: Let’s see…what else does the Clinton campaign have under the kitchen sink? How ’bout some misleading mailers? (Gasp! Tough mailers? Shame on you, Hillary Clinton!) In any case, one claims “Barack Obama voted against protecting American families from predatory credit card interest rates of more than 30 percent.” As Obama said in a previous debate, he opposed the bill because “thought 30 percent potentially was too high of a ceiling. So we had had no hearings on that bill. It had not gone through the Banking Committee.” (Lest we forget, Sen. Clinton actually voted for the lender-friendly bankruptcy bill in 2001.) The other basically suggests Obama is a corporate stooge on the payroll of the energy companies. Left unsaid: Sen. Clinton has taken more donations from the energy industry.

Wind in Them Thar Hills.

Wind turbines were once a marginal form of electrical generation. But amid rising concern about greenhouse gases from coal-burning power plants, wind power is booming. Installed wind capacity in the United States grew 45 percent last year, albeit from a small base, and a comparable increase is expected this year.” Forget the black gold. According to the NYT, Texas is the new capital of wind power. It drinks YOUR milkshake.

30 Years of Night.

“On another tape, Pete Kott, the former Republican speaker of the Alaska House of Representatives, crowed as he described beating back a tax bill opposed by oil companies. ‘I had to cheat, steal, beg, borrow and lie,’ Kott said. ‘Exxon’s happy. BP’s happy. I’ll sell my soul to the devil.’” The WP surveys the sinkhole of corruption engulfing Alaska state politics, and the federal probe that threatens to swallow the state’s long-serving Senator, Ted Stevens. “‘It was common knowledge that everything was corrupt,’ said Ray Metcalfe, a former Republican legislator…’It was common knowledge, but nobody wanted to talk about it.‘”

NOPEC?

“OPEC would like you to believe that it’s an international agency dedicated to world peace and economic development, like the United Nations or the World Bank. But of course, OPEC is a cartel.” Tim Noah examines a new bill before Congress that would work to bring OPEC’s behavior under American antitrust law. “The White House Office of Management and Budget says it opposes the NOPEC bill ‘adamantly.’ Perhaps this is because, as I’ve noted before, OPEC is just about the only international organization that President Bush has any regard for.“