Climategate

"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)

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Friday, 27 January 2012

Alaska On The Rocks

WUWT
"The Bering Sea ice this year is in early, and it’s thick. Not only that, it’s moving south fast. The crab fleet has some $8 million dollars of gear in the water, and the ice is moving south at twenty miles an hour. Usually ice comes in later and thinner, and moves south at three miles an hour. Boats are tied up to the Dutch Harbor docks. At St. Paul Island, out of the photo to the left, the crab boats usually sell their loads to the processor boats. It is also totally iced in. Millions of dollars have already been sunk into moving the crab boats and the processor boats and the crab pots to Dutch. If this cold continues, the season will likely be a total bust."

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