Indiana political blog Howey Politics Indiana covered yesterday's Energy Summit in Indianapolis. Here is an excerpt of that coverage:

"Indiana Republicans from Congress to the Statehouse forecast a stark view of what would happen to the state if President Obama were to sign the Waxman-Markey cap and trade bill in anything close to its present form.

U.S. Rep. Mike Pence, who heads the American Energy Solutions Group, characterized the bill Wednesday at a hearing at the Indianapolis Central Library as an imperialistic “economic declaration of war by the liberals on the Midwest.” He noted that eight of Indiana’s nine Congressional districts will be negatively impacted because of the high amounts of energy Indiana’s large manufacturing base needs to “make things” while states on the coasts like California, Washington and Vermont will benefit.

Gov. Mitch Daniels said the bill would amount to a “doubling of utility costs” that would diminish the recent job luring advantage that Indiana has had.

U.S. Rep. Mike Pence (center) flanked by U.S. Reps. Fred Upton of Michigan, Dan Burton and Steve Buyer indicated that Waxman-Markey has a decent chance of passing the U.S. House and a tougher battle in the U.S. Senate where it will need 60 votes, according to Upton. Buyer added, "My Democratic colleagues are scared to death of this bill."

Daniels said the “cap and trade legislation fails the test of government that works. The cost of this policy will be certain, massive and immediate. The benefits of these policies will be dubious, miniscule and decades in the distance. I really do believe that before we take a plunge of this magnitude, people should talk it over, think it through, take a deep breath and consider whether there’s a better way to achive goals we all agree on.”