"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, 16 March 2014
Inhofe: Obama Wasted $120 Billion on Global Warming Which Could Buy 1400 F-35s
Sen. James Inhofe (R-Okla.), ranking member of the Senate Armed Services Committee, said Wednesday at a hearing on the Defense Department’s Fiscal Year 2015 budget that President Barack Obama has wasted $120 billion on global warming over the past five years – money that would be better spent on the military.
“I've been working on this for quite some time ... In the last five years, between 2009 and 2014, the president has spent $120 billion on the environmental agenda, mostly global warming, climate and that type of thing,” said Inhofe. “And in that respect, if you'll just take the amount that was not authorized by Congress -- and I'm talking about the environmental agenda, you could actually buy 1,400 F-35s.”