GWPF
"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."
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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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