Legislative update

Tyler Cowen thinks that:

If there's one lesson from the health care debacle, it is that Waxman-Markey was and is a dead end.

... and...

I believe the health care debacle should cause all of us to rethink our positions on preferred paths, sequences, and strategies. No matter what your opinion of the health care bill, it's not a pretty picture.

I hope he is wrong, but he is a very smart guy.

Also, via Morgan Downey, T. Boone Pickens is bullish on CNG legislation passing in Congress "by Memorial Day." I guess that would be good for the Pickens Plan, especially given that the wind farm leg hasn't been looking too healthy of late.