"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...
Saturday, 21 January 2012
Alex Salmond plans to cheat the English of billions in a green power swap
"As we all know, however, the problem with wind is that it doesn’t permanently blow at the right speed to generate the power needed. There might be times when Scotland could export large amounts of wind-generated electricity to England. But these would be counterbalanced by all the times when, to keep its own lights on, it needs to import even larger amounts of power from England – generated by the kind of conventional power stations that Mr Salmond so scorns.
As hypocrisy, this is bad enough. But Mr Salmond omits to mention the further anomaly arising from the ludicrous subsidy system for wind energy. Onshore wind farms receive a 100 per cent subsidy on top of the market rate for their electricity; for offshore this is doubled to 200 per cent. So Mr Salmond’s green dream implies that Scotland will sell large amounts of inordinately expensive electricity to England, at about two to three times the going rate, while to keep its own lights on it will buy very much cheaper power from England. In other words, he is hoping to pull off an astonishingly advantageous deal, which might soon net Scotland a profit amounting to billions of pounds.
We can already see the absurd situation such green dreams can bring about in the case of Denmark, which has more wind turbines per head than any country in the world, generating on paper the equivalent of 20 per cent of the power it uses. But, wind being so variable, as much as 80 per cent of the electricity produced has to be exported cheaply to Norway, forcing the Danes to import power from Germany at prices which have made Danish electricity the most expensive in Europe.
Mr Salmond hopes to get round this difficulty by selling his own “green electricity” at exorbitant rates to the hated English, while relying on them to supply cheap electricity whenever the wind fails him. Whether he can pull off such a trick is another of the questions that needs to be resolved before Scotland is allowed to float off into his dreamworld where it joins the euro and lives happily ever after, in a land made even more beautiful by 1,000 square miles of windmills. "