Wednesday, May 20, 2009

The Cap And Trade Market Is The New Wallstreet

The word on the street is that the Carbon Pollution (still only a theory and disproved more and more everyday by observed non-anomilic science) “Cap and Trade” is poised to make certain folks into quick billionaires. GE is one of those companies. There are many others. Here is how this will work.

For some time now a number of companies organized as a group called “USCAP” have teamed up to recommend how cap and trade works. The gist is, based on recommended levels for carbon pollution, companies in the US would be awarded credits. If you are beating the cap then you get credits and if you are exceeding the cap then you need to go out and buy credits due to your credit deficit. Over the course of the next 50 years those credits would be progressively reduced lower carbon pollution numbers (wait for it.) Here is the problem.

  1. Carbon pollution is not science nor are the standards. They are manufactured "Caps" (I will explain how these Caps came to be in the next point.)
  2. The USCAP group is recommending standards that stack the deck in their favor. If the government adopts their recommendation, then since those companies have a head start on adhering to the standard they would be awarded an inequitable number of credits.

As a result many other companies would have to go to them to buy credits. And companies like GE are then awarded in the billions of dollars. Years later after politicians are willing to agree with the current science debunking AGW and proving we are on a new cooling trend, rather than returning all of our money they will only claim we've now solved AGW at a globally and ecologically infeasible speed and now we can stop doing Cap and Trade and energy taxes... wait a minute, WHO AM I KIDDING?

If the government can crank up personal energy taxes, why would they EVER STOP? And if companies can OWN the Cap and Trade system before it even gets going, how hard will they lobby Congress to keep that cashcow alive long after Anthropogenic Global Warming pseudo-science is debunked publicly?

Well, the answer is, they won't stop. This is a new industry they are creating. And we are not talking about companies trading billions based on carbon credit trading alone. Here is where you are I come in.

Carbon Cap and Trade laws would very quickly affect the average American household at the rate of over $3,000 per year. This is already all over the news based on the plan being proposed. If you think you have a tight budget now, imagine finding another $3,000 per year to handle trickle down Cap and Trade economics. If you are single with a roommate renting a home, well then it will only be $1,500+ for you, but I am sure you are now doing the math. As energy costs go up, also due specifically to energy taxes, it is being estimated that people will retire older electronic devices and from who will they purchase those new devices? Two letters: G.E.

This also affects companies and communities. G.E. is not only a major participant in crafting the Cap and Trade recommendations to the US Government but it is the largest manufacturer of the purported consumer AND company AND community level “solutions”. Where will people buy windmills from? New generator? Updated "low polution" arcraft engines? G.E. And this is only one company in the mix.

Let's talk about oil. Since the beginning of AGW theories ExxonMobil has been quit public about disputing the science behind the claims. And while they have not publicly changed their position, they are surprisingly getting involved in USCAP to help shape those policies before they become laws. So they aren't debating the fact that they don't believe in AGW anymore today than they did yesterday. They are only reading the writing on the wall and grabbing a seat at the big table so they can be one of the key families in the new enviro-mafia.

So (like usual) let’s do the math:

Cap and Trade doesn’t solve any problems, it creates a new trade market.

Moreover it creates or IMPLEMENTS a scheduled problem for average Americans to which that same group “creating” the problem will then be the very group providing the solution. The last time I heard a storyline like this I think I was watching the movie “The Godfather.” I am just starting to really understand those funny new “Tea Parties” in the news these days. You know? Those blips in the news where the media tells you that a few people got together to complain about taxes? Well, historically, people got pretty pissed because England wanted to get more money out of the colonies, so while England controlled the tea being exported to the colonies, they saw an opportunity in controlling the taxes associated with them. To be fair, Cap and Trade is just a new Tea Tax. But in this case it isn't tea they are taxing, it is carbon - the most prevelant element in the known universe. Said another way, if America could tax you for breathing, comparitively they couldn't raise as much funding as the AGW carbon "polution" taxation market will be able to do.

So, am I nuts? Where do I get the guts to call Cap and Trade a planned ploy to create a problem and then pimp the only solution? Well, just follow the story for yourself…

OK, be a good American and read these two articles:

If you can’t beat ‘em, join ‘em: Industry owns Cap and Trade rather than really being about Green Legislation

…and…

Cap and Trade Slumlords: If going green is so altruistic, how did Al Gore go from a net worth of $2 million at the end of his vice presidency to over $100 million in only eight years due to the new green market?

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