"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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Saturday, 25 May 2013
The EU U-turn over energy
"In March, we are now told (although it was reported here at the time), Britain came within hours of running out of gas and facing enormous power cuts. Meanwhile, almost wholly unnoticed by the British media, there were signs last week of a mighty earthquake beginning to take place in the EU’s energy policy. For 20 years, as we know, this has been hijacked by the EU’s fixation with climate change. But at Wednesday’s meeting of the European Council, there were, at last, indications that many countries now recognise that the EU’s bid to lead the world in “de-carbonising” is leading the European economy towards meltdown. They have finally cottoned on to the fact that, in recent years, while energy prices in Europe have been doubling, those in the US, thanks to the shale gas revolution, have halved."