Yes. Remember - all those increased costs will force efficiency. There will be some increase in prices but then people will change habits and the environment will benefit.

I really don't understand people. They seem to want something for nothing. The only way to reduce consumption reliably is to increase prices. There is nothing better for the environment than $7 a gallon gas (except maybe $10 gas). Yes food costs go up - maybe people will eat less and eat less meat. We waste so much in this country that there is so much room to reduce consumption (food, energy, etc.)

The best idea for GW is a carbon tax - guess what - that amounts to a gas tax also and leads to higher prices. The market has beat the politicians to an answer.