"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, 14 June 2014
Shining a light on the true cost of our energy
More than once last year I explained why Ofgem, the National Grid and our Energy and Climate Change Secretary Ed Davey were so confident that, despite the continued closure of proper power stations and the ever-growing number of unreliable wind farms, they will still be able to keep our lights on.
Their solution, although they were remarkably reluctant to shout about it, lies in what they call the “demand-side balancing reserve”: in other words, paying colossal sums to firms either to reduce their electricity use or to call on thousands of diesel generators.
The firms rushing to cash in on this bonanza are much more open about how this is intended to make up for the unreliability of those useless wind farms.
At least, last week, Mr Davey did slip in a reference to it in a speech on Britain’s energy future. The way the lights would stay on, he coyly admitted, would be by “rewarding volunteer businesses” either to “reduce their use of National Grid-supplied electricity” or “by switching to on-site generation rather than relying on the grid”.
Those fossil fuels really are extremely useful, so long as you don’t shout about it – or admit how much it is costing."