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Actually, I am going to add another point.
Technology-wise, we are so far behind, that it's impossible to live "normally" without having to use oil. It's part of our everyday life and unavoidable. We can take measures to cut down, and that is pretty much Al's message from what I gather. So until we as a society develop methods to live without oil (and oil derived products), the carbon credits are the best way to "nullify" usage. So basically, it's the best solution for our times. I certainly hope we can come up with better ways soon.
I made an effort to debunk this already, when Deuce was crying about us having to buy foreign alternative energy when our oil depletes.
The best ranked solar panels on the market today are American made.
SunPower Tops List of Best Solar Panel Manufacturers · Environmental Leader · Green Business, Sustainable Business, and Green Strategy News for Corporate Sustainability Executives
There's already more than 16000 manufacturers of industrial wind turbines in the United States.
Large Wind Turbine Manufacturers in the United States
The 2010 Ford Fusion Hybrid is the 2010 North American Car of the Year.
Best Hybrid Cars - Best Cars & Trucks - U.S. News Rankings and Reviews
Free market is doing just fine without cap and trade, contrary to what the government wants you to believe.