"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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Wednesday, 25 January 2012
Isolated & Depressed: Greens Attack Obama For Promoting Fracking & Oil
"But global warming was barely a passing reference in the speech—quite unlike something that surely has many greens worried: a call to increase domestic oil and gas production.
In Obama’s words:
Nowhere is the promise of innovation greater than in American-made energy. Over the last three years, we’ve opened millions of new acres for oil and gas exploration, and tonight, I’m directing my Administration to open more than 75 percent of our potential offshore oil and gas resources. Right now, American oil production is the highest that it’s been in eight years. That’s right – eight years. Not only that – last year, we relied less on foreign oil than in any of the past sixteen years.
It’s true that the President went onto admit that the U.S. has only 2% of proven global oil reserves, and that there’s no way to drill ourselves out of the economic doldrums. But still, coming less than a week after the Administration blocked the oil sands Keystone XL pipeline, it was striking to see a President who had come to office promising to make clean energy and climate change a top priority."