Climategate

"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 ten 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...

Tuesday 28 June 2011

‘Carnage’ in European carbon market as prices fall to 15-month low

EF News
"EU carbon prices have slumped 15% in one week, as a slew of bearish news took its toll on the markets.

The benchmark EU allowance (EUA) contract for December 2011 delivery has suffered an eight-day losing streak, dropping to €13.29 in trading this morning, a low not seen in the December futures contract since April 2010. The market recovered slightly as the day progressed, reaching €13.65 at lunchtime – but that still represents a 15% drop from last Thursday’s close of €16.10.

“It’s just been carnage these last few days,” said a trader at an investment bank in London. “There has been a huge amount of liquidation from funds, banks and utilities.”
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