Hannity, Morris Agree with Conspiracy People About New World Order
http://www.youtube.com/watch?v=5wH5YqsuZiw&playnext_from=TL&videos=uM4XlbGL6yQ
http://www.rollye.net/BlogArchivesCapTrade709.html
The Money behind cap and trade.
Rather long piece, but worthwhile....
excerpt...
Fox: A ten trillion dollar market, for emissions trading?
Sandor: “We are also trading in the United States—its very important for the listener to understand that this is not a market of tomorrow: it’s a market of yesterday and today. In August, we began trading the Regional Greenhouse Gas Initiative, which is a mandatory carbon market that stretches from Maine to Maryland. And since January, we’ve been trading 440,000 tons a day, 743, 16 a day—
Fox: Explain, how does this market get created in the first place? Is this government created in terms of credits, or is this an association where the actual amount of carbon emissions is traded in contracts?
Sandor: No. The way it works is, the government sets a cap. Let’s say you’re a utility, and the cap is 1 million tons. And each year, you have to reduce by a certain amount, to 900,000 to 800,000 to 700,000. If you’re particularly good at it, and you have a 1 million base, and a requirement to go to 900,000, but you go to 500,000, you can sell those. Suppose I’m not so good because I can’t switch easily from coal to natural gas. It takes me three years to build a new technology, then I can buy your emissions, and the systemic emissions will be lower, but you as the low-cost driver, can allow me to buy your credits temporarily to hedge myself. So its mandated by the government. The emissions are capped. The cap goes down every year. And then those people who get below their cap are incentivized to do so, because they can sell them to people who can’t put the technology in very quickly