"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...
Friday, 7 August 2015
Global Coal Boom Accelerating Despite Obama’s Green Posturing
All this underscores the foolishness and futility of the Obama climate-change regulations designed to drastically reduce coal production in the U.S. As we use less and the rest of the world uses more, the impact on global temperatures will be very close to zero.
Coal production in the U.S. is much safer and less carbon-intensive (clean coal technologies have reduced pollutants by 30%) than coal from other nations. So Obama’s war on coal may make global warming worse.
Some might say this gesture by the Obama administration to cut off coal production in the U.S. is a useful first step to save the planet. Except this isn’t just a cheap sign of goodwill.
It’s a tremendously expensive gesture that will cost America hundreds of thousands of jobs, raise utility prices by as much as $1,000 per family and reduce GDP by as much half a percentage point a year when we are already barely growing. The poor will be hurt most.
What makes the Obama administration regulations doubly destructive is that the U.S. has more coal than any other nation.
With at least 300 years of supply at a value of trillions of dollars, we are truly the Saudi Arabia of coal. To leave it in the ground would be like Obama telling Nebraska to stop growing corn, Idaho to stop growing potatoes and Silicon Valley to give up on the digital age."