"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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Tuesday, 2 April 2013
Global warming’s ‘fatal conceit’
"Much of Northern Europe, including Britain, is suffering under the coldest winter and spring of the last 30 to 100 years. The Northeastern part of the United States has had a record cold March. The record cold in Europe has killed thousands and cost billions. It was not supposed to be this way. .......Germany has spent more than 100 billion euros ($130 billion) on subsidizing the solar industry; yet, as Der Spiegel reported, "the 1.1 million solar systems have generated almost no power" this winter, and Germany is forced to import power from elsewhere. They are paying three or four times the U.S. rate for electricity, making many of their industries noncompetitive. The U.S. has been equally stupid. Even The New York Times has acknowledged that the U.S. ethanol experiment has been a disaster. It has actually increased carbon emissions and the price of fuel and world food, which really whacks the poor — all because of a "fatal conceit."