"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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Tuesday, 15 January 2013
We have met the 1%, and he is us
"So I find it both reprehensible and incomprehensible when those of us who are in the 1% of the global 1%, like President Obama and Secretary Chu, blithely talk of doubling the price of gasoline and sending the cost of electricity skyrocketing as though there were no negative results from that, as though it wouldn’t cause widespread suffering, as though cheap energy weren’t the best friend of the poor. What Chu and Obama propose are crazy plans, they are ivory-tower schemes of people who are totally out of touch with the realities faced by the poor of the world, whether inside the US or out. ......Despite the historical warming, there is no sign of any historical increase in weather extremes of any kind. Given two degrees C of historical warming with no increase in extreme events or catastrophes, why should I expect such an increase in some hypothetical future warming? So I’m sorry, but I am totally unwilling to trade inexpensive energy today, which is the real actual salvation of the poor today, for some imagined possible slight reduction in the temperature fifty years from now. That is one of the worst trades that I can imagine, exchanging current suffering for a promise of a slight reduction in temperatures in the year 2050.
Finally, for those who think that these quotes and ideas of Chu and Obama only affect the US, nothing could be further from the truth. Sadly, the policies are being exported and imposed, both by force and by persuasion, on the poorer countries of the world. To take just one example, pressure on the World Bank from the western countries and NGOs is denying financing to coal-fired plants in countries like India with coal resources. So the poor of India are denied inexpensive coal-fired electricity, they end up paying the price for the western one-percenters’ guilt and fear ridden fantasies about what might happen fifty years in the misty future."