Al Gore's science advisor—the famous NASA climate scientist James Hansen—just told Obama to forget cap and trade. Cap'n'trade is the basis of Kyoto, Europe's carbon market, New England's brand new regional greenhouse gas market, and the favorite of Energy Czar-to-be Browner. So what gives? What does Hansen want?

Instead, Hansen wants a carbon tax. Wouldn't ya know it. With a 100% dividend. What?! He wants the government to take ALL the tax revenues and mail them back to us. Would that work? Absolutely. In fact most economists prefer a carbon tax, and all economists know that Hansen's dividend works just fine (but the press gets confused). If you're curious how it works, you can read about it in the new book Carbonomics.

Don't we have enough books on energy? All but the one we need. You can read about solar panels, wind turbines, global warming, and on and on. But what will get the job done? Carbonomics has the answer. And no, it's not a techno-breakthrough.

It's a combination of ideas from the past as well as economics from the likes of Nobel economist Joseph Stiglitz. OPEC tested high oil prices back in '73-'85, and they worked—carbon emissions dropped for 12 years, oil imports plunged, and in 1986 conservation flattened OPEC and its high prices for 18 years.

Trouble is, it cost us a fortune. Carbonomics explains how to set high prices ourselves and recycle all the revenues directly to consumers--as in Alaska. And it tells how to keep this from being circular and make it work.

Check out the praise for the book from top economists, and get your own e-book free. If you like it, you can buy a bound hardcopy.