"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, 20 December 2012
Soaring coal demand stokes emissions concerns
"A new report highlighting the world's huge demand for coal has cast doubt on the future of low-carbon economies. The International Energy Agency's (IEA) Medium-Term Coal Market Report predicts coal will come close to surpassing oil as the world's top energy source in the next five years. ......"The differential between operating a diesel-fired power station and a coal-fired power station is significant in favour of the coal-fired power station," he told PM. "Hence we would expect if oil keeps trading in this $US90 region or better, that there would be a natural flow of diesel-generated power stations closing and being replaced with cheaper coal-fired stations." The IEA report found coal demand was increasing in nearly every region of the world apart from the United States, where natural gas was displacing coal.Mr Lennox says that trend is unlikely to catch on in other countries. "Unfortunately around the rest of the globe, natural gas is not an easy commodity to be transported," he said. "It does require billions of dollars to actually convert it to a state where it can be moved. "This makes coal very competitive, and hence coal will, for probably many years to come, actually stay still quite a significant supplier to the energy market, and especially electricity generation markets."