"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...
Friday, 30 November 2012
The great rush: Government to give green light to mass exploration for shale gas
" More than 60 per cent of the British countryside could be exploited for shale gas, government documents show, as ministers prepare to give the go-ahead for developing the country's most significant new energy source since North Sea oil. The Independent understands that Ed Davey, the Energy Secretary, will soon end the current moratorium on shale gas production, which was put in place after fracking caused two small earthquakes near Blackpool in 2011. His decision will pave the way for a significant increase in shale gas exploration. The Chancellor, George Osborne, is also expected to announce the creation of a new Office for Shale Gas to co-ordinate and speed up production as part of his autumn statement next week. Fracking, or hydraulic fracturing, is the use of pressurised liquid to propagate fractures in rock and release natural gas. Maps, drawn up by the Department of Energy and Climate Change, and seen by The Independent, show the extent of potential development. They suggest more than 32,000 square miles – or 64 per cent of the countryside – could potentially be exploited for shale gas and is being considered for exploration licences."