"Carbon (Dioxide) trading is now the fastest growing commodities market on earth.....And here’s the great thing about it. Unlike traditional commodities markets, which will eventually involve delivery to someone in physical form, the carbon (dioxide) market is based on lack of delivery of an invisible substance to no-one. Since the market revolves around creating carbon (dioxide) credits, or finding carbon (dioxide) reduction projects whose benefits can then be sold to those with a surplus of emissions, it is entirely intangible." (Telegraph)
This blog has been tracking the 'Global Warming Scam' for over five years now. There are a very large number of articles being published in blogs and more in the MSM who are waking up to the fact the public refuse to be conned any more and are objecting to the 'green madness' of governments and the artificially high price of energy. This blog will now be concentrating on the major stories as we move to the pragmatic view of 'not if, but when' and how the situation is managed back to reality. To quote Professor Lindzen, "a lot of people are going to look pretty silly"
PS: If you have arrived here on a page link, then click on the HOME link...
Tuesday, 13 December 2011
The Wind Power Pipe Dream
"Unknown to most Americans is the fact that wind power generation requires 100% backup. To maintain electrical grid capacity, the ability to supply customer demand for continuous electricity, every wind farm must have a backup generating facility. Thus, it is coal-fired, gas-powered, nuclear and hydroelectric power generation that ensures a reliable supply of electricity to consumers.
This means that the backup facility must have twice the real rated capacity of the wind farm. The result is more capital is required to ensure this, along with operating and maintenance costs when a traditional power company is forced to include wind power in its inventory. This is a global phenomenon wherever wind power is part of the mix."