Seriously. The UN and the EU are passing all kinds of laws - and passing all kinds or rules, regulations and TAXES - for the sole purpose of getting people, businesses and states to decrease the amount of CO2 they put into the atmosphere.
These laws and taxes have the effect of STEERING capital investment into activities and enterprises whose SOLE UNIQUE purpose is to reduce the size of that activity's CO2 "footprint."
WHAT IF - as I believe the facts show - anthropogenic CO2 turns out NOT TO BE A FACTOR AT ALL, then... won't the monetary value of ALL those investments COLLAPSE?
Yes. That's why anthropogenic global warming - AGW - (or so called "man-made global warming") is NOT just a hoax fomented by the Left to shackle industrialization and globalization; it's a BUBBLE waiting to burst.
And when bubbles burst people get hurt. I think this one will be worse than the Japanese real estate bubble-burst and the Asian Flu and nearly as bad as "Bubba's Bubbles", the so-called "New Economy" Bubble which led to the huge run up of the NASDAQ.
Brace yourself. Proof that AGW is bogus and that ALL the investment in CO2 controls an utter COLOSSAL waste is only a year or so away. And when that hap[pens the BS of AGW will be undeniable. The AGW CO2 Bubble will burst. And a lot of enterprises will go bust, takin g with it a lot of people's "investments" - people who were convince that AGW was real and that therefore investing in alternative energy "a lock".
The companies (HUCKSTERS really) which specialize in trading carbon credits are merely the tip of the iceberg.
The capital investment which many nations - especially in the EU - are making will be a total WIPE OUT, and have to be written off. The nations and companies who are now seen by the AGW crowd as laggards will have a HUGE edge over those companies which WASTED resources on reducing their "carbon footprint."
Some nations are wising up - and rebelling AGAINST the "sky is falling" charade:
IHT:
The Czech Republic said Friday it will sue the European Commission over the cuts it made to how much carbon dioxide the country can release from 2008 to 2012.AGAIN I ASK: WHAT HAPPENS IF AND WHEN IT'S PROVEN THAT TRACKING THE "METRIC TONS OF CO2" A NATION PUT INTO THE ATMOSPHERE IS MEANINGLESS?
Spokesman for the Czech Industry and Trade Ministry, Tomas Bartovsky, said the Czech government agreed to take legal action against the European Union's executive arm at its session Friday.
The European Commission reduced the Czech yearly limit by 14.8 percent below what the Czech Republic asked for — from 102 million metric tons to 86.6 million metric tons of carbon dioxide a year.
The Czech government says the commission underestimated the country's economic growth and wrongly included emissions by households and transport in its calculations.
The government also said the reductions may damage the Czech economy. However, in 2005 and 2006, the Czech Republic produced 82.5 million metric tons and 83.7 million metric tons of carbon dioxide respectively, well below the limit of 97.6 million metric tons.
The Czech Republic is the second EU nation after Slovakia to threaten court action over the emission plan.
BTW: The Czechs are not alone - the Poles and the Slovaks are with them:
Poland and the Czech Republic said Friday they would appeal an EU decision sharply cutting their carbon dioxide emission quotas for 2008-2012 for industries with high energy consumption. The two former members of the Soviet bloc, now both in the EU, decided to follow their fellow EU member Slovakia, which announced in February it would appeal to the European Court of Justice against the ruling. Slovakia lodged a complaint against a European Commission decision to cut its emissions allocation of carbon dioxide by a quarter between 2008 and 2012.
Maybe, but the net effect will be lost fortunes, and not an increase in average global temperatures.
5 comments:
Global temperatures have been steady or slightly declining since 1998. (excepting for the off trend year of 2004).
We may already have entered a declining phase.
Fortunately Americans are not big believers in man made global warming. I saw a number recently saying scepticism was running at around 90%. That may be high, but I believe it is indicative.
It appears the other 10% are making a lot of noise.
If we can hold them off for another few years it will all be over - as you point out.
What is really great about all this is all the high school kids indoctrinated by Gore. Serious disillusion will set in.
Not a bad thing. Gore is too late.
that's a good point.
and of course there's another beneficial side-effect:
most of the idiots who will lose money because of their idiotic "investments" in reducing their carbon footprints will be LEFTIES!!!!
Those are some excellent (and prescient) insights. The bogus eco-economy is best illustrated by the price of "carbon offsets" for a Transatlantic flight:
* According to Climate Care, an Oxford-based offset company that has a partnership with British Airways and funds projects in the South, a globe-spanning trip flying from London to visit NI offices in Toronto, Christchurch and Adelaide and then returning to London would emit approximately 6 tonnes of CO2 and would cost $85 to offset.
* Another British company, the Carbon Neutral Company (favoured by rock stars), says the same trip would produce only 4.3 tonnes of CO2 and would cost just $60, which apparently buys 4 trees in Durham.
* An Australian company, Climate Friendly, asserts that the journey emits 11.63 tonnes of CO2 and would cost $195 (US) to offset by financing wind projects.
* Finally, Dutch offsetter, Green Seat, has determined that the flight will emit 8.68 tonnes of CO2, and would cost $180 to offset, which apparently buys the required 434 trees in Africa.
More here.
You are the first to call the bubble!
I can personally attest to the truth of M. Simon's idea that the High Schoolers indoctrinated by Gore will be disillusioned. When I was in HS and college, I was told we'd run out of oil by the end of the eighties. I was also taught about alot of other calamities that were set to befall us in the very near future.
Didn't happen.
Reagan was supposed to destroy the economy and start a nuclear war.
Didn't happen.
Americans were going to have to live with less.
Didn't happen.
Lefties were wrong about everything in my experience.
zacklee my zperience 2, pastoman!
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