"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"
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Friday, 15 February 2013
Why his Cap and Trade threat to Congress is Obama's - and America's - Rubicon
"President Obama has been doing some casting of his own of late, as evidenced during the State of the Union address in his threat to Congress regarding global warming. First came the warning: Congress must pass a cap-and-trade bill to combat global warming because, Obama said, "the 12 hottest years on record have all come in the last 15. Heat waves, droughts, wildfires, floods, all are now more frequent and more intense." (Set aside that, as the Climate Depot's Marc Morano documents, the facts make it abundantly clear that the president is quite wrong on each point in that sentence.)"