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...

Wednesday 8 June 2011

Obama's Bad Policy, Harmful Regulations Add to Gas Prices

USNews
"So far, pushing policies that raise energy costs and bolster the case for currently unaffordable green energy sources is one promise for change that the administration seems intent to keep no matter what it costs. Between February and April of this year, oil spot prices shot from an average $83 per barrel to $110 per barrel. The Energy Information Administration now predicts that average retail gasoline prices will increase from $2.78 per gallon in 2010 to $3.66 per gallon next year. The American people are entitled to the facts about policy decisions that raise energy costs and help the administration push expensive energy alternatives favored by environmental special interests. .........Our economic growth and ability to create more jobs depends on our ability to develop and deploy innovative technologies to harvest our vast oil and gas reserves. The discoveries of enormous recoverable oil and gas in places like Pennsylvania, North Dakota, California, and Oklahoma have made energy independence a real possibility and no longer a distant dream. The United States has approximately 2,552 trillion cubic feet of potential natural gas resources—enough to last 110 years at current usage rates. By 2015, fields in Texas, Louisiana, Colorado, and elsewhere could yield as much as 2 million barrels of crude per day, more than is now produced in the entire Gulf of Mexico. Developing these fields could reduce our oil imports by 60 percent in the year 2020."

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