Hot Air » Blog Archive » Carbon trading markets collapse
Part of this comes from the fact that the commodity being traded has no essential value anyway. It’s air, the ultimate vaporware product. There is no scarcity in carbon dioxide, and so markets for it will always be artificial and contrived. Glover’s criticism about the amount of credits is akin to rearranging deck chairs on the Titanic. The problem isn’t the credits, but the falsity of the entire operation.Canadian PM says energy realities trump greens on tar sands!
BTW, Larry Kudlow is an endorser of Steve Milloy’s upcoming book, Green Hell: How Environmentalists Plan to Control Your Life and What You Can Do to Stop Them.Pickens says no one opposes his ‘Plan’
Among many topics, Green Hell discusses how tar sands oil is a key means of providing affordable and secure energy and avoiding an environmentalist-induced oil/gasoline crunch.
But Steve Milloy has written six FoxNews.com columns critical of the Pickens Plan — one of which Pickens’ team responded to on FoxNews.com.Carbon Capping Already Killing California Jobs » The Foundry
The key to this story are the completely unreliable cost predictions by the state. When the left tries to cram the world’s biggest carbon tax down the throats of the American public, they are going to have tons of “scientific” studies claiming to show that carbon capping will be a net gain for the economy. As California’s experience shows, these studies the left puts out are worthless.
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