"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 ten 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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Thursday, 13 December 2012
Greenpeace-WWF wind claims blown away
"The report authors should first have read John Etherington’s The Wind Farm Scam to grasp the inherent and costly associated problems of wind. Etherington is both an ecologist and a specialist researcher into the implications of intermittent renewable electricity generation, especially wind power. “Wind power is remarkably expensive in capital investment for a given output,” says Etherington who goes on to provide a raft of key statistics that reveal just how poor the investment-to-return ratio of wind power is, with offshore proving twice as poor as onshore (p.74). His book highlights how the UK’s energy watchdog Ofgem identifies that the National Grid would require £20 billion of investment, equal to its current capital value – and oddly the same figure by which the report maintains the UK would be better off – “to cope with the dispersed and remote nature of wind power and other intermittents.” An impressive array of hard data prompts Etherington to conclude: “wind monsters turbines will do nothing useful for us, will spread environmental harm and above all have only one serious function – of minting money for the undeserving, aided and abetted by the uneducated”.