Energy Tribune- Emission Control, We Have a Problem

If Romney and co knew their economics as well as they claim, they would understand the direct correlation between the level of energy consumption and national wealth creation. As I have said elsewhere “The relative wealth and poverty of nations is entirely definable by its per capita energy consumption”. Romney, like many of his associates, does not appear to understand that U.S. energy demand is not just the result of its wealth but also its cause. The speedy industrialization in China, India, Brazil and elsewhere strives for the same end: greater national wealth, for which it will need increasing sources of preferably cheap but efficient energy. Why else has China been on a global shopping spree for hydrocarbons while the West tries yet again to make windmills pay? What chance that China will give up its path to wealth creation by adopting the “European-style” approach to energy, I wonder?

Skeptoid – like a skeptic but not quite « JoNova: Science, carbon, climate and tax

Here’s a new sign of the times.

Almost no one has gone from skeptic to believer on global warming. The conversion flow is nearly all one-way traffic.

The extraordinary things would-be warmie taxers say | JunkScience Sidebar

From the 2006 Census of Population and Housing Australia I can tell you there are only about 7.6 million households in the country in total, so if 7 million households won’t pay a cent and those on lower incomes will get 20% overpayment in compensation then 8.5% of Australian households (the 0.6 million remaining) will pay not just 100% of Australia’s “carbon tax” but 100% of its administration costs plus a penalty wealth transfer to society’s unproductive freeloaders besides. This is on top of punitive Federal income taxation – the top rate (for individuals earning >$180K/yr) is $54,550 plus 45c for each $1 over $180,000.

So, hands up anyone who thinks fewer than the top decile of Australian earners can foot the bill for everyone’s energy tax, the bureaucracy to support such an absurd tax, a punitive wealth transfer to the low/no income quintile and still invest risk capital in development and industry – the engine that provides employment for the rest of Australians – despite returns on said capital being decimated by said absurd tax.