Yesterday, Warren Buffett, the Oracle of Omaha, had some critical things to say about proposed cap and trade legislation. That in itself should raise some concerns about the political future of cap and trade, given Buffett’s high standing with both parties. But perhaps of more immediate concern is the reponse of Obama’s spokesperson, when asked about Buffett’s comments:

In terms of cap-and-trade, the President and the administration look forward to working with Congress to put a solution together — a market-based solution that will drive us to energy independence and create a market for — an even more robust market for alternative fuels and, as I said, the steps that we need to become energy-independent.

This is a process that rewards the innovation of the market, a principle that many previously have espoused.

Energy independence? What about climate?