POWIP Piece of Work In Progress – Former Abode of Dan Collins

6Nov/1012

Carbon Trading Scam Crumbles . . . For Now

Steve Milloy at PJM:

While we don’t know how well Al Gore and Goldman Sachs fared on their investments in the CCX, we do know that there’s no reason to cry for Sandor. He received $98.5 million for his 16.5% stake in CCX when it was sold. Not bad for a failure that somebody else financed.

Incredibly (but not surprisingly), although thousands of news articles have been published about CCX by the lamestream media over the years, a Nexis search conducted a week after CCX’s announcement revealed no news articles published about its demise.

Outside of a report in Crain’s Chicago Business and a soft-pedaled article in a small trade publication, the media has entirely ignored the demise of the only U.S. effort at carbon trading. Even Glenn Beck, who has dedicated quite a bit of Fox News airtime to exposing the CCX, has yet to mention the news.

There is no variety of pilferage that these people don't believe they're entitled to, because their capacity to rationalize is unlimited.

Bring on the revolution:

There is a revolution coming that is likely to burst the green global warming bubble: the temperature trend used by the IPCC (the U.N.'s Intergovernmental Panel on Climate Change) to support their conclusion about anthropogenic global warming (AGW) is likely to turn out to be fake. The situation will become clear once Virginia's attorney general, Kenneth Cuccinelli, obtains information now buried in e-mails at the University of Virginia. Or Hearings on Climategate by the U.S. Congress may uncover the "smoking gun" that demonstrates that the warming trend used by the IPCC does not really exist.

It has become increasingly clear that any observed warming during the past century is of natural origin and that the human contribution is insignificant. It is doubtful that any significant warming is attributable to greenhouse gases at all.

Once the public accepts these scientific conclusions, it should have immense consequences for policy. It will mean that the impact of rising CO2 levels is negligibly small, as has already been concluded by the NIPCC (Nongovernmental International Panel on Climate Change), a group of scientists skeptical of the U.N.-supported IPCC. It would also mean that wind energy, solar energy, and other "non-carbon" energy sources are not needed and are in fact counterproductive. It would remove the need for alternative fuels such as ethanol (which might please many true environmentalists). It would also mean that carbon trading, cap and trade, and fanciful schemes for carbon capture and sequestration would all end up in the dustbin of history.

Any collusion between governmental and corporate entities, whether for-profit or non-profit in the technical sense, ought to be punished through RICO, because it is nothing more or less than racketeering. Speaking of ethanol, the falling dollar and the Fed's determination to inflate the US out of recession (quantitative easing), which is lunacy, are going to combine with mandated higher demand for corn to cause food prices to soar.

Naturally, the agencies responsible for these determinations are largely outside of congressional control, which is the signature tactic of Obama's administration. I should add that there is no foundational mandate to the EPA, because it was created by a Nixon executive order, without an enabling act, as was OSHA. Perhaps Congress ought to fashion one, because it is pretty clear to anyone who's not insane that it's incontinently its intended realm of responsibilities. The EPA is the poster child for government growth and control run amok.

Dan Collins

Dan Collins is a dude who blogs. He used to blog elsewhere. Now he blogs here.

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Comments (12) Trackbacks (0)
  1. serr8d
    November 6th, 2010 - 07:42

    Dr. Jack Wheeler in this most excellent post (my favorite written post of the year, so far) told us we must defund the EPA, amongst other federal agencies, if we are to survive.

    It’s now time to get busy. Before the election, we could only harp and bitch and do very little to move policy; now, it’s time to do as much as we can with the little leverage we command, or we lose.all. And by all, I do mean all.

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  2. buelldawg
    November 6th, 2010 - 08:07

    Oh, don’t even get me started on the EPA. I *hate* those people. Let’s see I have to get an emissions test every year and if your check engine light is on you automatically fail. Well, if your O2 sensor is broken you have to fix it. Not that your Catalytic Converter is broken. You still are not “polluting” just the sensor is broken. So, that’s $200. The emissions test $25 EVERY year. Then, if your converter goes that’s $900. Silly. But, if you own an older car from the 70s it is allowed to pollute. What? Then, we have our additives to the gas for summer driving which raise the price of our gas because apparently from what I am told there are not many refineries that put the additives in or it is that not every city has the same blend. It is complete horse manure. Then, good people that I know think the pollution is an issue because it causes asthma or makes it worse. I just do not see how. Maybe it is because we live far enough out of Atlanta I can see blue, blue skies during the day.

    OSHA – when my husband was a builder OSHA would troll their work sites. His company had rules for the framers, etc, but you can only enforce so much. Quite frankly, the workers had little regard for their own lives. Not much you can do about that. They had the equipment and chose not to use it. Plus, why is it the government’s job to keep people from hurting themselves? Well, it’s not their job. If a guy wants to frame a house without a harness that is his choice. You cannot control stupid.

    I hope the EPA, OSHA, etc go down in flames. Let’s just cut it completely. That will save money.

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  3. serr8d
    November 6th, 2010 - 08:43

    Oh. That disappeared. I blame Enoch.

    Maybe this one ?

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  4. serr8d
    November 6th, 2010 - 08:43

    What the ?

    Two comments disappeared. This is a test, without the troubling linky thing…

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  5. serr8d
    November 6th, 2010 - 08:45

    Hmmmm… Enoch will have to fix the comments or something.

    Here.

    http://goo.gl/zS8In

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  6. Dan Collins
    November 6th, 2010 - 09:27

    I hear comments are broken.

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  7. serr8d
    November 6th, 2010 - 09:31

    I did leave two comments that aren’t showing up.

    Swears I didn’t do it~!

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  8. Bob Reed
    November 6th, 2010 - 12:57

    I can’t wait for this bubble to be fully burst; especially the ethanol-from-corn boondoggle. There are a lot of starving folks around the world that would only be too happy to get the corn we wastefully, from an energy efficiency point of view, turn into ethanol; especially this year when the Russians won’t be exporting much agro-product at all.

    You want ethanol? Buy it from Brazil…Or wait until the Pentagon’s contractor proves the scalability of their algae/sugarbeet/switchgrass process.

    On the demise of the CCX? Well, it couldn’t happen toa nicer bynch of guys.

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