No matter who takes office in '08, whether its Obama, Hilary, Rudy or John, stronger environmental legislation is coming.
President Bush might have decided against supporting the worldwide Kyoto Treaty but now both sides of the aisle agree something needs to be done.
Even corporate America is getting in on the act, literally.
Just this month, ConocoPhillips (COP), the third-largest US oil company, became the latest major corporation to support limits on greenhouse gases.
Under the legislation likely to be formed, oil and power companies will be forced to use cleaner burning technology to reduce the carbon they release in the air or they will have the option to purchase so-called carbon credits in an open market system.
In other words, they can keep polluting... but it will cost them. Similar emission credit markets are already in place in Europe. So who will the biggest winners and losers be?