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US Carbon trading not worth a plug nickel
Watts Up With That? ^ | October 26, 2010 | Anthony Watts

Posted on 10/26/2010 12:48:19 PM PDT by Need4Truth

I wrote a few weeks ago that The only lower price than today’s closing price on a ton of carbon is ZERO. That’s true now more than ever. See the chart below from yesterday’s close of the Chicago Climate Exchange: [snip] And it’s still crashing. Last week the Chicago Climate Exchange (CCX) announced that they were scrapping the existing carbon trading program, and focusing on a new one that deals with directly sold carbon offsets rather than open trading.

(Excerpt) Read more at wattsupwiththat.com ...


TOPICS: Business/Economy; Government; Politics
KEYWORDS: carbon; carbonexchange; carbontrading; ccx; climatechange; climateexchange; co2exchange; co2trading; globalwarming; greenhell
The globull warming scam is crashing...
1 posted on 10/26/2010 12:48:21 PM PDT by Need4Truth
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To: Need4Truth
Its all about making money out of thin air. The modern philosophers' stone.

“Once you price CO2 and put a price on it, you find, as you would with any other product, it tends to be rationed. We as a people on this planet have lived under the false concept that air and water were free. And we’ve learned with a planet of 7 billion people, that we have to ration these precious goods. And the good old price system is the best way to do it.”

Richard Sandor

2 posted on 10/26/2010 1:04:30 PM PDT by cripplecreek (Remember the River Raisin! (look it up))
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To: Need4Truth

Also, US carbon credits run out in 6 years once we sign up, EU’s last 12 years, and China’s last 24 years. Alotted national carbon credits save citizens and corps from paying international fees for energy use. US will be bankrupted by this in six years, but there are so many other ways we are being bankrupted already.


3 posted on 10/26/2010 1:10:12 PM PDT by givemELL (Does Taiwan eet the Criteria to Qualify as an "Overseas Territory of the United States"? by Richar)
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To: Need4Truth

Someone should tell the author that the phrase is “a PLUGGED nickel”.


4 posted on 10/26/2010 1:25:28 PM PDT by UCANSEE2 (lame and ill-informed post)
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To: Need4Truth

ShoreBank and the ‘Weatherization Underground’

http://biggovernment.com/jpollak/2010/05/28/shorebank-and-the-weatherization-underground/


5 posted on 10/26/2010 1:50:17 PM PDT by goldendays (that)
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To: Need4Truth

Sounds like an investment opportunity for the Federal Reserve...someone get Ben Bernacke on the phone.....


6 posted on 10/26/2010 1:56:34 PM PDT by Bean Counter (ue)
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To: Need4Truth
It was a great plan.

In my opinion, the Dem big money guys saw all the money made at the stock exchange on Wall Street and tried to duplicate that for themselves.

So they created the Carbon exchange in Chicago and the Health exchange in Wash DC. Even better, for them, is using the power of government to force every American to buy their carbon credits and health care through these two exchanges. They would quietly get a small piece of every dollar going through these exchanges.

They were going to be instantly among the wealthiest people on the Earth and many will still profit handsomely from ObamaCare’s Health exchange if we don't repeal it.

7 posted on 10/26/2010 2:10:30 PM PDT by RJL
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To: Need4Truth; WL-law; bamahead; carolinablonde; SolitaryMan; rdl6989; livius; DollyCali; ...
 


Beam me to Planet Gore !

8 posted on 10/26/2010 4:40:58 PM PDT by steelyourfaith (ObamaCare Death Panels: a Final Solution to the looming Social Security crisis ?)
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To: givemELL

About those carbon credits:

CARBON TAX WILL KILL US IN 6 YEARS!!

“Now when the one company increases their advertising dollars and realized a 20% yearly increase the government penalizes them for going over their carbon allotment.”

Note the “carbon allotment”. Pay attention to what the carbon allotment IS!

Under current rules, the US will completely deplete its initial carbon allotments good through 2050 in only...6 years, EU in 12 years and China in 24 years!!!!

This would happen before the US could even “recover” from the debt and entitlements, mortgage and GDP debacle unfolding now:

http://www.newscientist.com/article/mg20327266.500-fair-carbon-means-no-carbon-for-rich-countries.html


9 posted on 10/26/2010 6:32:50 PM PDT by givemELL (Does Taiwan eet the Criteria to Qualify as an "Overseas Territory of the United States"? by Richar)
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To: RJL; givemELL; Liz
In my opinion, the Dem big money guys saw all the money made at the stock exchange on Wall Street and tried to duplicate that for themselves.

These schemes work much better if there is a force of government behind them. Government doesn't really need to sell you a product or a service, they can just take the money, even if it's just for "clean air" or any other gas.

As Willie Sutton reportedly explained when asked why he was robbing banks, "Because that's where the money is". Democrats (and other socialists) figured out long ago that government is where the big, easy and legal money is.

Excerpt from RIP: Carbon trading - Green Hell Blog, October 26, 2010


10 posted on 10/27/2010 2:33:51 AM PDT by CutePuppy (If you don't ask the right questions you may not get the right answers)
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