I thought land would disappear, not water. Shows how much I know (via Instapundit).
Still no global warming contracts to trade.
UPDATE: Steve Levitt joins Greg Mankiw in advocating energy taxes. I actually am in favor of such a tax, but only if it comes with offsetting income tax reductions. Otherwise, economic growth momentum will turn and regress, increasing poverty and creating more "have not" households. Not holding my breath on that one, so I usually keep pretty quiet on being pro-energy tax.