"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"
PS: If you have arrived here on a page link, then click on the HOME link...
Saturday, 15 December 2012
The shale gas revolution: green taxes will mean sky-high prices for dirt-cheap energy
" What Kennedy omitted to mention (and Humphrys failed to pick him up on) was that, from next April, the Government will be imposing its swingeing new “carbon tax” on every ton of CO2 emitted by producing electricity from fossil fuels, rapidly rising from £16 a ton to £70 by 2030. In all the media’s obsession with how fast our energy bills are rising, this is scarcely ever mentioned. But this tax alone will add billions a year to our bills. Within 17 years, it will be well on the way to doubling them. And of course it will apply just as much to electricity from shale gas as it will to that produced by the coal-fired power stations, currently producing nearly half our electricity, which the Government wants to drive out of business as soon as possible.
So, at just the time when the Government reluctantly holds out to us the prospect that the gas we will need to keep our lights on might become very much cheaper, it will be imposing this new tax to make it very much more expensive, thus cancelling out much of the financial benefit shale gas could bring us. The very failure of Mr Kennedy and the BBC to mention this underlines, yet again, just how insane our energy policy has become."