"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"
PS: If you have arrived here on a page link, then click on the HOME link...
Monday, 2 June 2014
Obama’s New Powerplant CO2 Rules: Guaranteed to Succeed (Retroactively)
So, I’ve been thinking about how this new EPA power plant rule will play out.
First of all, after an obligatory EPA 1-year comment period and then even more time for the states to decide how they might want to achieve the goals of the rule, it’s going to be after the next presidential election before we actually see substantial changes in coal-fired generation resulting from the rule.
How convenient. Old plants are already being shuttered in favor of gas-fired plants, which are currently cheaper. So what’s the point of the new regulations?
Well, what might well happen is this. Ten years down the road, “global warming” will turn out to be (surprise!) much weaker than predicted. Since we know the climate models that predicted much greater warming can’t be wrong, it must be those new EPA regulations back in 2014 that solved the problem!
We really can control the climate system! We did something…and it worked…retroactively!
It doesn’t really matter which came first, or what-caused-what. It didn’t matter for the ice core record of temperature changes coming before CO2 changes, and it won’t matter for this, either."