Fossil fuel lobby's election gamble backfires

The coal, oil and gas industries, as well as banks, put serious cash behind Mitt Romney and the Republicans without success. They'll still fight Obama in the courts over new regulations, but if they're smart they'll start playing nice.

"Elections have consequences, and Eric, I won," President Barack Obama famously told House Republican Whip Eric Cantor shortly after his first inauguration in January 2009.

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