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The Global Warming Bubble (AND THE UNCONSCIONABLE GREED OF THE UNSCRUPULOUS CEO’s SEEKING A SHARE)
Junk Science ^ | March 20, 2008 | Steven Milloy

Posted on 03/21/2008 6:13:09 PM PDT by Conservative Vermont Vet

You didn’t have to be a rocket scientist in the 1990s to figure that speculative investment in dot-coms with no revenues would be disastrous. The same goes for lenders giving mortgages to borrowers with no job, no income and no assets. So after surviving the tech bubble and while trying to extricate the economy from the housing bubble, why are we bent on heading into the global warming bubble?

So who in their right mind would push for this?

I met many of them up-close-and-personal last week at a major Wall Street Journal conference at which I was an invited speaker.

My fellow speakers included many CEOs (from General Electric, Wal-Mart, Duke Energy, and Dow Chemical, to name just a few), California’s Gov. Arnold Schwarzenegger and the heads of several environmental activist groups.

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


TOPICS: Business/Economy; Culture/Society; Government
KEYWORDS: agw; bubble; business; capandtrade; climatechange; environment; globalwarming; greed; manipulators; market
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"The audience -- a sold-out crowd of hundreds who had to apply to be admitted and pay a $3,500 fee -- consisted of representatives of the myriad businesses that seek to make a financial killing from climate alarmism. There were representatives of the solar, wind, and biofuel industries that profit from taxpayer mandates and subsidies, representatives from financial services companies that want to trade permits to emit CO2, and public relations and strategic consultants to all of the above.

In the interlude between presentations by the CEOs of Dow Chemical and Duke Energy, for example, the audience was shown a slide -- similar to this one -- of the diverging relationship between atmospheric CO2 levels and average global temperature since 1998. That slide should have caused jaws to drop and audience members to ponder why anyone is considering regulating CO2 emissions in hopes of taming global climate.

Instead, it was as if the audience did a collective blink and missed the slide entirely. When I tried to draw attention to the slide during my presentation, it was as if I was speaking in a foreign dialect.

The only conclusion I could come to was that the audience is so steeped in anticipation of climate profiteering that there is no fact that will cause them to reconsider whether or not manmade global warming is a reality.

The callousness of their blind greed was also on display at the conference.

In an instantaneous poll, the Wall Street Journal asked the audience to select the most pressing societal problem from a list of five that included infectious disease (malaria, AIDs, etc.), terrorism, and global warming.

Global warming was the most popular response, receiving 31 percent of the vote, while infectious disease was far behind in last place with only 3 percent of the vote. It’s an amazing result given that billions are sickened, and millions die every year from infectious disease. The consequences of future global warming, on the other hand, are entirely speculative.

Finally, I was astounded by the double-speak practiced by the global warmers.

Virtually every speaker at the conference professed that they were either in favor of free markets or that they supported a free-market solution to global warming. But invariably in their next breath, they would plead for government regulation of greenhouse gases and government subsidies for alternative energy.

It’s hard to conceive of any good coming from a public policy in which facts play no substantial role in its development and words have no meaning in its public debate.

-----------------------------------------------

Having been a small businessman for years, I am wont to attack others who have done same, though on a much grander scale.

Nevertheless, it should be obvious, that when so many captains of industry have all of a sudden “gotten religion” with regards to the GloBull Warming issue, one must reflect with degree of skepticism regarding their motivation.

It is apparent that taking the path of least resistance was not only easier (as opposed to resisting and fighting and restrictive legislation) it also afforded many, potential revenues, heretofore not available--regardless of type of industry

As a bonus, championing the “environment” earned many businesses “brownie points” from the EnviroNuts as well as from the mass of the uninformed and oblivious.

Can one blame them? After all is this not what capitalism is all about?

I must respectfully submit, no.

When the cost is weighed against the perceived and [only] possible benefits, there can only be one outcome: Those expected profits, will be at the expense of others who can least afford it —never mind they be the majority, or that they will be the ones who will actually bear the cost thereof (which like the fraudulent Tobacco suits, the costs will simply be passed on) and it appears that, will have little input in these policies [not] being implemented.

Less anyone doubt that OwlGore is nothing but a charlatan and---notwithstanding his denials of any such suggestions—he is first and foremost, a greedy, opportunistic, pig, who recognized that promoting this hoax was assuredly, a springboard to line his pockets—which he most certainly has.

Thus, it is no wonder that others (having observed how successful Gore and others have benefited using this scam) have realized just what a Golden Goose is on the horizon and are chomping at the bit to get on the pork-laden gravy train and the bought-and-paid-for-whores in Congress who some businesses are now lobbying, are lining up to do their bidding in exchange for favors and contributions.

And just in case a reminder is needed, the Enabler-In-Chief of much of this madness—and the ONE person who should be “looking out for us” and could have prevented much of this folly, but instead, has chosen to go over to the dark side—occupies the oval office

Is this legal? Absolutely! Businesses are in business of making profits.

Is it ethical? Well, that begs the definition of what “is, is”

Last but not least, is it moral? Well that all depends on whether you are the “screwer” or the "screwee?”


1 posted on 03/21/2008 6:13:09 PM PDT by Conservative Vermont Vet
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To: Conservative Vermont Vet; OKSooner; honolulugal; Killing Time; Beowulf; Mr. Peabody; RW_Whacko; ...

FReepmail me to get on or off


Click on POGW graphic for full GW rundown

New!!: Dr. John Ray's
GREENIE WATCH

The Great Global Warming Swindle Video - back on the net!! (click here)

Ping me if you find one I've missed.


Heads up..
2 posted on 03/21/2008 6:25:15 PM PDT by xcamel (Forget the past and you're doomed to repeat it.)
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To: Conservative Vermont Vet

btt


3 posted on 03/21/2008 6:26:49 PM PDT by Cacique (quos Deus vult perdere, prius dementat ( Islamia Delenda Est ))
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To: Conservative Vermont Vet

Keep in mind that many of these same businesses risk getting hit by the enviro-train if they don’t get on the right side of it.

So they try to do something they can point at to show that they are sensitive to environmental concerns.

Its a matter of survival for some of them, not merely “unconscionable greed”.

So oil companies make generous donations to green groups, hoping to buy them off, and fund “green” energy projects so that they can brag about them in the war to win over the public. There is nothing immoral about drilling for oil and refining it, but the enviro con men have been successful in demonizing these people, so they do what they can to buy public approval.


4 posted on 03/21/2008 6:31:05 PM PDT by marron
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To: Conservative Vermont Vet

We have a sphere of nulcear action that.....

for every second for the last 14.5 billion years....

has taken 700,000,000 tons of hydrogen atoms and turned them into 695,000,000 tons of helium atoms.....

it will continue until it doesn’t and then the sun will explode.

Actually not ours, most likely it will will swell as it dies and incinreate the inner planets

and expel the gas giants.


5 posted on 03/21/2008 6:32:05 PM PDT by Nitro (Nitro does it with a BANG!!)
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To: proud_yank; FrPR; enough_idiocy; rdl6989; TenthAmendmentChampion; Horusra; Normandy; Delacon; ...
 


Global Warming Scam News & Views

6 posted on 03/21/2008 6:41:27 PM PDT by steelyourfaith
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To: Conservative Vermont Vet
NWF on Climate Stewardship and Innovation Act of 2007 Climate Stewardship and Innovation Act

On January 12, 2007, Presidential hopefuls Senators John McCain (R-AZ) and Barack Obama (D-IL) joined with former Vice Presidential candidate Joe Lieberman (ID-CT) in calling for bold new laws to curb global warming pollution.

The National Wildlife Federation endorses this bill, in particular because it includes measures for wildlife conservation, through funds from global warming polluters.

The new bill sets enforceable, science-based goals to reduce the nation’s greenhouse gas emissions from major sources. The bill gives industry five years to prepare, beginning in 2012 with a requirement that they return their emission levels to recent (2004) levels. This would reverse the current trend of increasing emissions. The bill then requires industry to cut global warming pollution gradually, by about two percent a year, through 2020. The act sets long-term pollution limits as well, eventually cutting emissions by two-thirds by 2050.

The new bill is a significant change from the previous legislation offered by Lieberman and McCain, which also offered a "first installment" to freeze emissions to stop them from growing further until more political support could be garnered for the long-term cuts. Lieberman and McCain have been listening to scientists who say time is running out and half measures are no longer sufficient. In addition to putting in stronger, long-term targets for reducing pollution, the bill has several measures to spur innovation and control any costs, including a commonsense, market-based emissions trading system.

(snip)

7 posted on 03/21/2008 6:46:34 PM PDT by calcowgirl ("Liberalism is just Communism sold by the drink." P. J. O'Rourke)
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To: marron
"Keep in mind that many of these same businesses risk getting hit by the enviro-train if they don’t get on the right side of it.
So they try to do something they can point at to show that they are sensitive to environmental concerns. Its a matter of survival for some of them, not merely “unconscionable greed”.

You may be right, but I've got my skeptical hat on tonight and can't help but think that combined, these MAJOR industries (were not talking mom and pop here) could mount a formidable defense against legislation that affects their business.

What other motivation could they possibly have in not only acquiescing, but in fact encouraging and lobbying for same?

Think about it, how many people would opt to purchase Ethanol based gas if they could purchase same for $1.00 less a gallon.

How about those soon to be mandated screwy light bulbs?

8 posted on 03/21/2008 6:49:28 PM PDT by Conservative Vermont Vet (One of ONLY 37 Conservatives in the People's Republic of Vermont. Socialists and Progressives All)
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To: Conservative Vermont Vet

GE is the largest MANUFACURER of light bulbs, is heavily invested in wind turbine technology and has a stable of networks that are on the GREN bandwagon. They are among the worst AGW whores, right up there with DUKE energy which wants to cripple other power companies coal plants so they can get a competitive advantage. Add ADM the ethanol whores, Richard Branson the Virgin green whore, and the solar panel makers, many of which are funded by VC’s from Silicon Valley and you see the problem.


9 posted on 03/21/2008 7:03:12 PM PDT by milwguy (........)
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To: Conservative Vermont Vet
why are we bent on heading into the global warming bubble?

because bubble sell. and bubbles bring ridiculously high valuations. and bubbles circumvent people's reasoning faculties so that they do pretty much what everyone else does, making them docile in the hands of the media.

Duh!

10 posted on 03/21/2008 7:16:24 PM PDT by the invisib1e hand (Osama: the ultimate superdelegate.)
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To: Conservative Vermont Vet

Marxism on the march. And these slimey corporate whores hope the alligator won’t eat them.


11 posted on 03/21/2008 7:41:18 PM PDT by sergeantdave (Governments hate armed citizens more than armed criminals)
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To: xcamel

THX for reposting that video.


12 posted on 03/21/2008 7:46:53 PM PDT by Red6 (Come and take it.)
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To: Red6

GLOBAL WARMING = Global taxation
The biggest hoax in decades....and much cash to be made


13 posted on 03/21/2008 8:42:05 PM PDT by JaneNC (I)
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To: xcamel

If subsidies were illegal, a lot of these global warming cheerleaders would be forced to consider getting a real job.


14 posted on 03/21/2008 9:06:02 PM PDT by Maurice Tift (You can't stop the signal, Mal. You can never stop the signal.)
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To: JaneNC
worth repeating: GLOBAL WARMING = Global taxation
The biggest hoax in decades....
and much cash to be made

15 posted on 03/21/2008 10:57:21 PM PDT by DTA (Memo to Condi: Ensure choppers can use Pristina Embassy roof !)
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To: JaneNC
Years past big business resisted, today they are driving it. Firms like GE, Toyota, and many others see huge profit margins. Environmentalism became big business in the 90s.

Ask yourself this when looking at a new florescent energy saving light bulb. Does the savings in power offset the pollution caused by an increase in total weight (logistics), plastics now used, as well as circuitry, much greater energy consumption during manufacture (total net) and BEST of all, added Mercury which is in the florescent tube?

Yes Mercury: http://www.epa.gov/bulbrecycling

When Gore tells us the planet is easy to save with little simple steps like energy saving light bulbs, and of course GE and others quickly peddle off their product and legislators (for our children of course) pass tax incentives etc., does it really make sense? Environmentalism is faddish and trendy, largely based on junk science, the politics around it is emotional and often irrational. There is a reason why we didn't build a nuclear power plant in over 25 years, and that's not because of a lack in demand for power. Ask those pushing to allow DDT back how many have died of malaria? Environmentalism is full of cool music, it has its own lingo, fashions, magazines and of course leaders. Business has tapped into this market and in fact if given a chance would like to legislate that you MUST spend your money on their product, for the children of course. There was actual talk by some to have government programs that more or less buy carbon offsets, of course we today give green cars with 450 pounds of batteries on board special tax incentives.

It's more than just a scam for those who voluntarily want to play along. It's a fleecing; where by law and tax codes etc you are forced to play along even if you don't realize it and the wool is pulled over your eyes. It's about money for business and popularity for politicians who years past took up the crusade against acid rain and saving the baby seals.

16 posted on 03/21/2008 11:14:54 PM PDT by Red6 (Come and take it.)
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To: Conservative Vermont Vet
That text links, in the original, to this slide:
A 0.07 correlation is ... almost no correlation at all.
17 posted on 03/21/2008 11:34:12 PM PDT by ThePythonicCow (By their false faith in Man as God, the left would destroy us. They call this faith change.)
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To: Conservative Vermont Vet

Global warming in the Northern Hemisphere takes place during the summer months. It’s still the global cooling mode.


18 posted on 03/22/2008 1:49:02 AM PDT by M. Espinola (Freedom is not 'free'.)
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To: Conservative Vermont Vet
the audience is so steeped in anticipation of climate profiteering that there is no fact that will cause them to reconsider whether or not manmade global warming is a reality.

This issue is the most dangerous issue facing mankind today. Not because AGW is a threat, but because statements like the one above means government is going to be used to oppress the world population (USA in particular) on a scale that is unprecedented.

I am sad to say that the official scientific and engineering community has lost their moral compass. They see ill gained profit as more important than the truth of the science.

This corporate-government socialist push is no different than a large scale legalized mobster shakedown.

19 posted on 03/22/2008 6:46:29 AM PDT by SteamShovel (Global Warming, the New Patriotism)
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To: Conservative Vermont Vet; 11B40; A Balrog of Morgoth; A message; ACelt; Aeronaut; AFPhys; AlexW; ...
DOOMAGE!

Global Warming PING!

You have been pinged because of your interest in environmentalism, alarmist wackos, mainstream media doomsday hype, and other issues pertaining to global warming.

Freep-mail me to get on or off: Add me / Remove me

Please ping me to all note-worthy threads on global warming.

Americans Cool to Global Warming Action, New Poll Finds

Warning: Ethanol could add to global warming

Global Warming on Free Republic

Latest from Global Warming News Site

Latest from Greenie Watch

20 posted on 03/22/2008 9:22:15 AM PDT by Tolerance Sucks Rocks (Cloverfield 2008! Why vote for a lesser monster?)
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