Wednesday, December 22, 2010

Al's Journal : Another Record
2010 is the warmest year on record:

“Many scientists use the climate year, which runs from December of the preceding year to November of the current year, to evaluate long-term climate trends..."
Forbes.com - The Chicago Climate Club Gets Capped
CCX shut down its operations in November. This occurred after an avalanche of its investors bailed following a hurricane of ill winds for cap-and-trade that swept away Democrat control of the U.S. House of Representatives. By that time Sandor had already pocketed an estimated $98.5 million for his 16.5% CCX ownership. Just how much Al Gore's GIM and Goldman's GSAM ended up with no one is saying. But it was probably enough to pay for a nice private party.

And regarding most of the member investors: sure, maybe they only received lumps of coal for their stockings. But if global temperatures continue to drop, as many experts predict will happen, that's probably not such a bad gift after all.

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