"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"
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Saturday, 7 January 2012
Chris Huhne is piling on the make-believe
"What emerges from reading the DECC report in full is how heavily almost every page of it relies on wishful thinking and unproven assumptions. The report babbles on, for instance, about how we will have “zero carbon homes” and a “zero carbon waste economy” and how we will build “33 gigawatts” of zero carbon nuclear power and “45 gigawatts” of wind power (without, of course, pointing out that 45GW refers to the capacity of the windmills, not the 15GW or less they might actually produce, due to the intermittency of the wind).
The report does recognise that we would still need 28GW of the fossil-fuel electricity which currently supplies nearly 80 per cent of our needs. But this brings us to perhaps the most glaring example of wishful thinking that runs right through the report: its insistence that gas and coal-fired power stations can only be allowed if they are fitted with “carbon capture and storage” (CCS), the immensely costly equipment that is supposed to pipe away CO2 and bury it in the ground.
It cannot be stated too forcefully that, as yet, the technology to do this has not been commercially developed, for the simple reason that, as various scientific studies have shown, it cannot work. There is no way in which vast quantities of CO2 can be injected into rock at the high pressures necessary without fracturing the rock to the point where no more can be injected. Yet it is on this make-believe that the dreams of Cameron, Clegg and Huhne ultimately rest.
It is ironic that the shale gas bonanza, now offering the world its greatest energy revolution since nuclear power, depends on a rock-fracturing process that does work – indeed, it already provides 25 per cent of all America’s gas, cutting its cost to the lowest winter level in a decade. In Poland, the first homes will be heated by shale gas this winter."