"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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Sunday, 24 March 2013
Zealots who will let the lights go out
"A well-run state should never be taken by surprise. It should have plans for every reasonable contingency, and then a few more besides. But it is clear that the current blast of cold weather – not that unlikely in March – has exposed huge and worrying gaps in our energy plans. More significantly, it has shown that the virtual takeover of Whitehall by Green zealots has actively prevented this country from making wise plans for the future. Experts have been warning for more than a decade that Britain faces a power crisis in 2015, as North Sea gas supplies tail off, elderly nuclear power plants shut down and the EU Large Combustion Plant directive forces the closure of several coal-fired generating stations, one of which was actually switched off forever on Friday, when demand was at its peak. In an age when so much of our economy and society are wholly dependent on computers, power cuts would be far more damaging than they were in the days of Ted Heath and his Three Day Week. One obvious and straightforward escape route is available, the swift and widespread exploitation of shale gas, or fracking. As The Mail on Sunday shows today, this has transformed the energy position in the USA, simultaneously cutting costs and reducing carbon emissions. While Britain cannot expect a boom of the same size, there is no doubt that this country contains substantial shale gas reserves. Yet the Green lobby, for no clear reason, opposes such a move. Ministers must challenge this pig-headed dogmatism, before the lights go out."