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	<title>Comments on: Video: Ready for a sub-prime carbon market?</title>
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	<link>http://hotair.com/archives/2009/06/11/video-ready-for-a-sub-prime-carbon-market/</link>
	<description>The world’s first, full-service conservative Internet broadcast network</description>
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	<item>
		<title>By: JeffVader</title>
		<link>http://hotair.com/archives/2009/06/11/video-ready-for-a-sub-prime-carbon-market/comment-page-1/#comment-2301856</link>
		<dc:creator>JeffVader</dc:creator>
		<pubDate>Fri, 12 Jun 2009 17:01:43 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=55789#comment-2301856</guid>
		<description>The Heritage Foundation has the following link as a way to stop the EPA&#039;s attempt to impose carbon limits while circumventing the Congress:

http://www.stopepa.com/
.
It only takes a minute to fill out the form.</description>
		<content:encoded><![CDATA[<p>The Heritage Foundation has the following link as a way to stop the EPA&#8217;s attempt to impose carbon limits while circumventing the Congress:</p>
<p><a href="http://www.stopepa.com/" rel="nofollow">http://www.stopepa.com/</a><br />
.<br />
It only takes a minute to fill out the form.</p>
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	</item>
	<item>
		<title>By: feedercattle</title>
		<link>http://hotair.com/archives/2009/06/11/video-ready-for-a-sub-prime-carbon-market/comment-page-1/#comment-2301653</link>
		<dc:creator>feedercattle</dc:creator>
		<pubDate>Fri, 12 Jun 2009 16:22:39 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=55789#comment-2301653</guid>
		<description>Great when this starts I will quit my job and and day trade carbon. Friends of the utterly stupid.</description>
		<content:encoded><![CDATA[<p>Great when this starts I will quit my job and and day trade carbon. Friends of the utterly stupid.</p>
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	</item>
	<item>
		<title>By: JeffVader</title>
		<link>http://hotair.com/archives/2009/06/11/video-ready-for-a-sub-prime-carbon-market/comment-page-1/#comment-2301586</link>
		<dc:creator>JeffVader</dc:creator>
		<pubDate>Fri, 12 Jun 2009 16:09:57 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=55789#comment-2301586</guid>
		<description>We wouldn&#039;t need all this Carbon Cap and Tax stuff if mankind could just develop a simple device to sequester carbon that could be placed in everyone&#039;s front and back yards, and line city streets!  IF ONLY........
..
..

..
Oh, wait that would be TREES!</description>
		<content:encoded><![CDATA[<p>We wouldn&#8217;t need all this Carbon Cap and Tax stuff if mankind could just develop a simple device to sequester carbon that could be placed in everyone&#8217;s front and back yards, and line city streets!  IF ONLY&#8230;&#8230;..<br />
..<br />
..</p>
<p>..<br />
Oh, wait that would be TREES!</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: The Daily Bayonet &#187; Carbon Bubble Trouble</title>
		<link>http://hotair.com/archives/2009/06/11/video-ready-for-a-sub-prime-carbon-market/comment-page-1/#comment-2300965</link>
		<dc:creator>The Daily Bayonet &#187; Carbon Bubble Trouble</dc:creator>
		<pubDate>Fri, 12 Jun 2009 13:57:36 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=55789#comment-2300965</guid>
		<description>[...] The Captain, who has great [...]</description>
		<content:encoded><![CDATA[<p>[...] The Captain, who has great [...]</p>
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	</item>
	<item>
		<title>By: TheSitRep</title>
		<link>http://hotair.com/archives/2009/06/11/video-ready-for-a-sub-prime-carbon-market/comment-page-1/#comment-2300821</link>
		<dc:creator>TheSitRep</dc:creator>
		<pubDate>Fri, 12 Jun 2009 13:25:34 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=55789#comment-2300821</guid>
		<description>And no, I don&#039;t feel fine.</description>
		<content:encoded><![CDATA[<p>And no, I don&#8217;t feel fine.</p>
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	</item>
	<item>
		<title>By: TheSitRep</title>
		<link>http://hotair.com/archives/2009/06/11/video-ready-for-a-sub-prime-carbon-market/comment-page-1/#comment-2300818</link>
		<dc:creator>TheSitRep</dc:creator>
		<pubDate>Fri, 12 Jun 2009 13:25:16 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=55789#comment-2300818</guid>
		<description>It&#039;s the end of the world as we know.</description>
		<content:encoded><![CDATA[<p>It&#8217;s the end of the world as we know.</p>
]]></content:encoded>
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	<item>
		<title>By: blueguitarbob</title>
		<link>http://hotair.com/archives/2009/06/11/video-ready-for-a-sub-prime-carbon-market/comment-page-1/#comment-2300697</link>
		<dc:creator>blueguitarbob</dc:creator>
		<pubDate>Fri, 12 Jun 2009 12:52:19 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=55789#comment-2300697</guid>
		<description>The dynamics of the cap &amp; trade system need to get much greater scrutiny. It is madness to create a paper commodity (the &quot;carbon credit&quot;), and then operate an artificial market on a national basis which cuts across all aspects of US industrial activity. It is hopelessly naive to think that something this radical will not have dozens of unintended consequence, some large enough to swamp entire industry sectors.

Anyone who thinks they can oversee and control this monster has a serious God-delusion. Oh, wait... somebody already told us that.</description>
		<content:encoded><![CDATA[<p>The dynamics of the cap &amp; trade system need to get much greater scrutiny. It is madness to create a paper commodity (the &#8220;carbon credit&#8221;), and then operate an artificial market on a national basis which cuts across all aspects of US industrial activity. It is hopelessly naive to think that something this radical will not have dozens of unintended consequence, some large enough to swamp entire industry sectors.</p>
<p>Anyone who thinks they can oversee and control this monster has a serious God-delusion. Oh, wait&#8230; somebody already told us that.</p>
]]></content:encoded>
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	<item>
		<title>By: whbates</title>
		<link>http://hotair.com/archives/2009/06/11/video-ready-for-a-sub-prime-carbon-market/comment-page-1/#comment-2299651</link>
		<dc:creator>whbates</dc:creator>
		<pubDate>Fri, 12 Jun 2009 02:10:35 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=55789#comment-2299651</guid>
		<description>It&#039;s incredible how stupid this ideas is, the end result is just more taxes, reduced standard of living and zero reduction of the thing they are trying to regulate. (which doesn&#039;t need regulating BTW)</description>
		<content:encoded><![CDATA[<p>It&#8217;s incredible how stupid this ideas is, the end result is just more taxes, reduced standard of living and zero reduction of the thing they are trying to regulate. (which doesn&#8217;t need regulating BTW)</p>
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	<item>
		<title>By: daesleeper</title>
		<link>http://hotair.com/archives/2009/06/11/video-ready-for-a-sub-prime-carbon-market/comment-page-1/#comment-2299251</link>
		<dc:creator>daesleeper</dc:creator>
		<pubDate>Fri, 12 Jun 2009 01:11:29 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=55789#comment-2299251</guid>
		<description>&lt;blockquote&gt;heroyalwhyness on June 11, 2009 at 6:40 PM&lt;/blockquote&gt;

Brilliant!  Keep that list updated.</description>
		<content:encoded><![CDATA[<blockquote><p>heroyalwhyness on June 11, 2009 at 6:40 PM</p></blockquote>
<p>Brilliant!  Keep that list updated.</p>
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	</item>
	<item>
		<title>By: ctmom</title>
		<link>http://hotair.com/archives/2009/06/11/video-ready-for-a-sub-prime-carbon-market/comment-page-1/#comment-2299217</link>
		<dc:creator>ctmom</dc:creator>
		<pubDate>Fri, 12 Jun 2009 01:05:46 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=55789#comment-2299217</guid>
		<description>I noticed she used the word &quot;foist&quot; properly.</description>
		<content:encoded><![CDATA[<p>I noticed she used the word &#8220;foist&#8221; properly.</p>
]]></content:encoded>
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	<item>
		<title>By: MHatch</title>
		<link>http://hotair.com/archives/2009/06/11/video-ready-for-a-sub-prime-carbon-market/comment-page-1/#comment-2298556</link>
		<dc:creator>MHatch</dc:creator>
		<pubDate>Thu, 11 Jun 2009 23:03:45 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=55789#comment-2298556</guid>
		<description>Cap-and-trade is needed to raise the price of gas so we will by the little cars Fiat makes with a Chrysler name tag.
Gas in the USA costing the same price as Europe is the goal. Cap-and-trade is the means to that end.</description>
		<content:encoded><![CDATA[<p>Cap-and-trade is needed to raise the price of gas so we will by the little cars Fiat makes with a Chrysler name tag.<br />
Gas in the USA costing the same price as Europe is the goal. Cap-and-trade is the means to that end.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: heroyalwhyness</title>
		<link>http://hotair.com/archives/2009/06/11/video-ready-for-a-sub-prime-carbon-market/comment-page-1/#comment-2298456</link>
		<dc:creator>heroyalwhyness</dc:creator>
		<pubDate>Thu, 11 Jun 2009 22:40:51 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=55789#comment-2298456</guid>
		<description>&lt;a href=&quot;http://news.yahoo.com/s/ibd/20090608/bs_ibd_ibd/20090608general&quot; rel=&quot;nofollow&quot;&gt;Europe’s Cap-and-Trade Scheme a Cautionary Tale for the U.S.&lt;/a&gt;
..

The major cap-and-trade bill now working its way through Congress is not without precedent. The European Union has had a cap-and- trade regime in place for years. It just hasn’t worked so far.

Begun in 2005, the EU’s Emissions Trading Scheme has raised energy prices with “uncertain” effects on greenhouse gas emissions, according to numerous studies.

Even green groups have been critical. The Natural Resources Defense Council, for example, has called ETS “an example of what not to do.”

*********


&lt;b&gt;*&lt;/b&gt;ONLY IN AMERICA….MUST WE SPEND BILLIONS BECAUSE WE CAN&#039;T LET CHRYSLER GO BANKRUPT, AND THEN, LET CHRYSLER GO BANKRUPT. 

..

&lt;b&gt;*&lt;/b&gt;ONLY IN AMERICA….CAN CONGRESS FORCE FANNIE AND FREDDIE TO BUY SUBPRIME LOANS, AND THEN BLAME FANNIE AND FREDDIE FOR BUYING SUBPRIME LOANS. 

..

&lt;b&gt;*&lt;/b&gt;ONLY IN AMERICA….A MAJOR CRISIS REQUIRES SWIFT ACTION TO PASS A BILL WITHOUT READING IT, THEN VACATION FOR THREE DAYS BEFORE THE PRESIDENT HAS TIME TO SIGN IT. 


..

&lt;b&gt;*&lt;/b&gt;ONLY IN AMERICA , CAN YOU GET A TAX REFUND ON TAXES YOU DIDN&#039;T PAY 

.. 

&lt;b&gt;*&lt;/b&gt;ONLY IN AMERICA, YOU HAVE MORE RIGHTS BEING ILLEGAL, THAN YOU DO LEGAL 

..

&lt;b&gt;*&lt;/b&gt;ONLY IN AMERICA, CAN YOU BE 13 AND HAVE AN ABORTION WITHOUT TELLING YOUR PARENTS, BUT MUST HAVE A WRITTEN NOTE FROM YOUR PARENT WHY YOU MISSED SCHOOL.</description>
		<content:encoded><![CDATA[<p><a href="http://news.yahoo.com/s/ibd/20090608/bs_ibd_ibd/20090608general" rel="nofollow">Europe’s Cap-and-Trade Scheme a Cautionary Tale for the U.S.</a><br />
..</p>
<p>The major cap-and-trade bill now working its way through Congress is not without precedent. The European Union has had a cap-and- trade regime in place for years. It just hasn’t worked so far.</p>
<p>Begun in 2005, the EU’s Emissions Trading Scheme has raised energy prices with “uncertain” effects on greenhouse gas emissions, according to numerous studies.</p>
<p>Even green groups have been critical. The Natural Resources Defense Council, for example, has called ETS “an example of what not to do.”</p>
<p>*********</p>
<p><b>*</b>ONLY IN AMERICA….MUST WE SPEND BILLIONS BECAUSE WE CAN&#8217;T LET CHRYSLER GO BANKRUPT, AND THEN, LET CHRYSLER GO BANKRUPT. </p>
<p>..</p>
<p><b>*</b>ONLY IN AMERICA….CAN CONGRESS FORCE FANNIE AND FREDDIE TO BUY SUBPRIME LOANS, AND THEN BLAME FANNIE AND FREDDIE FOR BUYING SUBPRIME LOANS. </p>
<p>..</p>
<p><b>*</b>ONLY IN AMERICA….A MAJOR CRISIS REQUIRES SWIFT ACTION TO PASS A BILL WITHOUT READING IT, THEN VACATION FOR THREE DAYS BEFORE THE PRESIDENT HAS TIME TO SIGN IT. </p>
<p>..</p>
<p><b>*</b>ONLY IN AMERICA , CAN YOU GET A TAX REFUND ON TAXES YOU DIDN&#8217;T PAY </p>
<p>.. </p>
<p><b>*</b>ONLY IN AMERICA, YOU HAVE MORE RIGHTS BEING ILLEGAL, THAN YOU DO LEGAL </p>
<p>..</p>
<p><b>*</b>ONLY IN AMERICA, CAN YOU BE 13 AND HAVE AN ABORTION WITHOUT TELLING YOUR PARENTS, BUT MUST HAVE A WRITTEN NOTE FROM YOUR PARENT WHY YOU MISSED SCHOOL.</p>
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	<item>
		<title>By: TexAz</title>
		<link>http://hotair.com/archives/2009/06/11/video-ready-for-a-sub-prime-carbon-market/comment-page-1/#comment-2298453</link>
		<dc:creator>TexAz</dc:creator>
		<pubDate>Thu, 11 Jun 2009 22:40:33 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=55789#comment-2298453</guid>
		<description>I know what the temperature IS.

Can someone PLEASE tell me what it is supposed to be?

And WHY it is supposed to be what you THINK?</description>
		<content:encoded><![CDATA[<p>I know what the temperature IS.</p>
<p>Can someone PLEASE tell me what it is supposed to be?</p>
<p>And WHY it is supposed to be what you THINK?</p>
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	</item>
	<item>
		<title>By: Harry Schell</title>
		<link>http://hotair.com/archives/2009/06/11/video-ready-for-a-sub-prime-carbon-market/comment-page-1/#comment-2298329</link>
		<dc:creator>Harry Schell</dc:creator>
		<pubDate>Thu, 11 Jun 2009 22:19:19 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=55789#comment-2298329</guid>
		<description>The most ludicrous thing about the scheme is the basic fact CO2 cannot be controlled to the extent anything mankind does will change the earth&#039;s course.

96% of annual CO2 emissions come from natural sources.  4% come from the sum total of mankind&#039;s activity.  So if we all commit suicide...every last one of us, after shutting down the lights and power plants and other accoutrements of our presence on the planet...the CO2 &quot;engine&quot; will continue to run at 96% &quot;throttle&quot;.  

The above is my favorite conversation stopper with MMGW enthusiasts, because I ask why we are so crazy over CO2 when even killing us all would do virtually nothing.  &quot;Explain, please?&quot;  In four years, no answers, and they agree with the level and source of emissions above.

This is not about climate change but government control over people by a political class that promotes the best reasons for the basest purposes.  

No wonder people are buying guns and ammo so rapidly.</description>
		<content:encoded><![CDATA[<p>The most ludicrous thing about the scheme is the basic fact CO2 cannot be controlled to the extent anything mankind does will change the earth&#8217;s course.</p>
<p>96% of annual CO2 emissions come from natural sources.  4% come from the sum total of mankind&#8217;s activity.  So if we all commit suicide&#8230;every last one of us, after shutting down the lights and power plants and other accoutrements of our presence on the planet&#8230;the CO2 &#8220;engine&#8221; will continue to run at 96% &#8220;throttle&#8221;.  </p>
<p>The above is my favorite conversation stopper with MMGW enthusiasts, because I ask why we are so crazy over CO2 when even killing us all would do virtually nothing.  &#8220;Explain, please?&#8221;  In four years, no answers, and they agree with the level and source of emissions above.</p>
<p>This is not about climate change but government control over people by a political class that promotes the best reasons for the basest purposes.  </p>
<p>No wonder people are buying guns and ammo so rapidly.</p>
]]></content:encoded>
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	<item>
		<title>By: Buy Danish</title>
		<link>http://hotair.com/archives/2009/06/11/video-ready-for-a-sub-prime-carbon-market/comment-page-1/#comment-2298295</link>
		<dc:creator>Buy Danish</dc:creator>
		<pubDate>Thu, 11 Jun 2009 22:12:59 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=55789#comment-2298295</guid>
		<description>Argh. I hate when I do this - 

...way across &lt;strong&gt;the pond&lt;/strong&gt;.</description>
		<content:encoded><![CDATA[<p>Argh. I hate when I do this &#8211; </p>
<p>&#8230;way across <strong>the pond</strong>.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Buy Danish</title>
		<link>http://hotair.com/archives/2009/06/11/video-ready-for-a-sub-prime-carbon-market/comment-page-1/#comment-2298290</link>
		<dc:creator>Buy Danish</dc:creator>
		<pubDate>Thu, 11 Jun 2009 22:11:54 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=55789#comment-2298290</guid>
		<description>&lt;blockquote&gt;It’s &lt;em&gt;vaporware&lt;/em&gt; in the most literal sense.  In fact, it’s not even based on CO2, but on the absence of CO2.  When it collapses, the derivatives will have absolutely no actual value at all, which would make a resultant economic collapse even worse than what we’re experiencing at the moment.&lt;/blockquote&gt;

Brilliant.  The vaporware business seems to be thriving &lt;a href=&quot;http://www.news.com.au/heraldsun/story/0,21985,25623185-661,00.html&quot; rel=&quot;nofollow&quot;&gt;way across&lt;/a&gt;:

&lt;em&gt;Interpol has warned the carbon market will be irresistible to criminal gangs because of the vast amounts of cash to be made. Possible rorts include under-reporting of carbon emissions by firms and bogus carbon offset schemes.

&quot;If someone is rorting it by even 1 per cent a year, we&#039;re talking about many, many millions of dollars,&quot; Mr Torr said. &lt;/em&gt;

Yep, and Al Gore the Vaporware King miraculously turned a few million dollars into a hundred million - not that there&#039;s anything wrong with that!</description>
		<content:encoded><![CDATA[<blockquote><p>It’s <em>vaporware</em> in the most literal sense.  In fact, it’s not even based on CO2, but on the absence of CO2.  When it collapses, the derivatives will have absolutely no actual value at all, which would make a resultant economic collapse even worse than what we’re experiencing at the moment.</p></blockquote>
<p>Brilliant.  The vaporware business seems to be thriving <a href="http://www.news.com.au/heraldsun/story/0,21985,25623185-661,00.html" rel="nofollow">way across</a>:</p>
<p><em>Interpol has warned the carbon market will be irresistible to criminal gangs because of the vast amounts of cash to be made. Possible rorts include under-reporting of carbon emissions by firms and bogus carbon offset schemes.</p>
<p>&#8220;If someone is rorting it by even 1 per cent a year, we&#8217;re talking about many, many millions of dollars,&#8221; Mr Torr said. </em></p>
<p>Yep, and Al Gore the Vaporware King miraculously turned a few million dollars into a hundred million &#8211; not that there&#8217;s anything wrong with that!</p>
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	</item>
	<item>
		<title>By: txag92</title>
		<link>http://hotair.com/archives/2009/06/11/video-ready-for-a-sub-prime-carbon-market/comment-page-1/#comment-2298113</link>
		<dc:creator>txag92</dc:creator>
		<pubDate>Thu, 11 Jun 2009 21:50:29 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=55789#comment-2298113</guid>
		<description>As long as you use your casual face.

kirkill on June 11, 2009 at 5:38 PM

That&#039;s hilarious. Thanks for the laugh. I needed it.</description>
		<content:encoded><![CDATA[<p>As long as you use your casual face.</p>
<p>kirkill on June 11, 2009 at 5:38 PM</p>
<p>That&#8217;s hilarious. Thanks for the laugh. I needed it.</p>
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	<item>
		<title>By: exceller</title>
		<link>http://hotair.com/archives/2009/06/11/video-ready-for-a-sub-prime-carbon-market/comment-page-1/#comment-2298087</link>
		<dc:creator>exceller</dc:creator>
		<pubDate>Thu, 11 Jun 2009 21:47:28 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=55789#comment-2298087</guid>
		<description>&lt;blockquote&gt;The Chinese already told the Obamakins to take a hike on the “climate change” bullshit. We are like a drunk with a .45 sometimes pointing at the wife sometimes point at our head. Either way we get F**ked.

faol on June 11, 2009 at 4:26 PM
&lt;/blockquote&gt;
That is perhaps the best explanation of the Crap and Charade plan that I have ever seen.</description>
		<content:encoded><![CDATA[<blockquote><p>The Chinese already told the Obamakins to take a hike on the “climate change” bullshit. We are like a drunk with a .45 sometimes pointing at the wife sometimes point at our head. Either way we get F**ked.</p>
<p>faol on June 11, 2009 at 4:26 PM
</p></blockquote>
<p>That is perhaps the best explanation of the Crap and Charade plan that I have ever seen.</p>
]]></content:encoded>
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	<item>
		<title>By: faol</title>
		<link>http://hotair.com/archives/2009/06/11/video-ready-for-a-sub-prime-carbon-market/comment-page-1/#comment-2298060</link>
		<dc:creator>faol</dc:creator>
		<pubDate>Thu, 11 Jun 2009 21:44:08 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=55789#comment-2298060</guid>
		<description>MB4 on June 11, 2009 at 4:52 PM

A BEE GEE&#039;S SONG! The sad part is I knew it. I am going to commit carboncide now.</description>
		<content:encoded><![CDATA[<p>MB4 on June 11, 2009 at 4:52 PM</p>
<p>A BEE GEE&#8217;S SONG! The sad part is I knew it. I am going to commit carboncide now.</p>
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	<item>
		<title>By: Steve Z</title>
		<link>http://hotair.com/archives/2009/06/11/video-ready-for-a-sub-prime-carbon-market/comment-page-1/#comment-2298047</link>
		<dc:creator>Steve Z</dc:creator>
		<pubDate>Thu, 11 Jun 2009 21:42:16 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=55789#comment-2298047</guid>
		<description>After the Kyoto Protocol was signed (without US ratification), the European Union (the countries that then belonged to it) set up a trading system in &quot;carbon credits&quot; allowing the emission of a ton of carbon dioxide. Trouble is, the governments handed out too many of them, and emitters found it easy to meet the targets and sell the extra credits. Carbon credits that had at one time sold for over 30 Euros declined in value at one point to 0.09 Euro. 

A market that had shown a 300-fold price swing in Europe is easy pickings for the most unscrupulous manipulators and speculators. Imagine if such a system existed in the United States, and some super-rich tycoon like George Soros bought huge amounts of cheap carbon credits during a time of slack economic activity, not with the intention of emitting CO2 or planting trees, but of simply cornering the market, and selling them back to emitters during an economic expansion, when energy consumption was higher, for huge profits. 

This could enable such tycoons to steal fabulous wealth for themselves from power companies, which would pass along their costs to consumers, whose electricity costs could double or triple.  

Cap-and-trade CAN work for REAL pollutants, such as nitrous oxides or sulfur dioxide, where reasonably-priced add-on control technology can reduce emissions by 95% or more, and polluters can make money by installing pollution controls and selling emission rights to others. 

But carbon dioxide has NO toxic effect on humans or the environment, except for some slight theoretical warming of the climate centuries from now, which has yet to be proven. It is generated in huge quantities by anything that burns, and there are no cheap ways to capture it, so cap-and-trade on CO2 is essentially a huge tax on energy consumption, and a money-making scheme for governments and rich speculators.</description>
		<content:encoded><![CDATA[<p>After the Kyoto Protocol was signed (without US ratification), the European Union (the countries that then belonged to it) set up a trading system in &#8220;carbon credits&#8221; allowing the emission of a ton of carbon dioxide. Trouble is, the governments handed out too many of them, and emitters found it easy to meet the targets and sell the extra credits. Carbon credits that had at one time sold for over 30 Euros declined in value at one point to 0.09 Euro. </p>
<p>A market that had shown a 300-fold price swing in Europe is easy pickings for the most unscrupulous manipulators and speculators. Imagine if such a system existed in the United States, and some super-rich tycoon like George Soros bought huge amounts of cheap carbon credits during a time of slack economic activity, not with the intention of emitting CO2 or planting trees, but of simply cornering the market, and selling them back to emitters during an economic expansion, when energy consumption was higher, for huge profits. </p>
<p>This could enable such tycoons to steal fabulous wealth for themselves from power companies, which would pass along their costs to consumers, whose electricity costs could double or triple.  </p>
<p>Cap-and-trade CAN work for REAL pollutants, such as nitrous oxides or sulfur dioxide, where reasonably-priced add-on control technology can reduce emissions by 95% or more, and polluters can make money by installing pollution controls and selling emission rights to others. </p>
<p>But carbon dioxide has NO toxic effect on humans or the environment, except for some slight theoretical warming of the climate centuries from now, which has yet to be proven. It is generated in huge quantities by anything that burns, and there are no cheap ways to capture it, so cap-and-trade on CO2 is essentially a huge tax on energy consumption, and a money-making scheme for governments and rich speculators.</p>
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		<title>By: kirkill</title>
		<link>http://hotair.com/archives/2009/06/11/video-ready-for-a-sub-prime-carbon-market/comment-page-1/#comment-2298011</link>
		<dc:creator>kirkill</dc:creator>
		<pubDate>Thu, 11 Jun 2009 21:38:33 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=55789#comment-2298011</guid>
		<description>&lt;blockquote&gt;    I’ll keep farting loud and proud then. :)

    P.S. Please don’t tell my parents I said fart on a blog…. twice.

    txag92 on June 11, 2009 at 5:26 PM&lt;/blockquote&gt;

As long as you use your &lt;a href=&quot;http://ihasahotdog.com/2009/05/17/funny-dog-pictures-casual-farted/&quot; rel=&quot;nofollow&quot;&gt;casual face.&lt;/a&gt;</description>
		<content:encoded><![CDATA[<blockquote><p>    I’ll keep farting loud and proud then. :)</p>
<p>    P.S. Please don’t tell my parents I said fart on a blog…. twice.</p>
<p>    txag92 on June 11, 2009 at 5:26 PM</p></blockquote>
<p>As long as you use your <a href="http://ihasahotdog.com/2009/05/17/funny-dog-pictures-casual-farted/" rel="nofollow">casual face.</a></p>
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		<title>By: Romeo13</title>
		<link>http://hotair.com/archives/2009/06/11/video-ready-for-a-sub-prime-carbon-market/comment-page-1/#comment-2298002</link>
		<dc:creator>Romeo13</dc:creator>
		<pubDate>Thu, 11 Jun 2009 21:37:37 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=55789#comment-2298002</guid>
		<description>This is actualy a perfect example of one of my thesis on the current problems with the economy.

The current economy is based on nothing.  Its people playing games with Monopoly money.  

It used to be that Stock holders OWNED the company, but now they can get wiped out and the company can still exist, and even be given to someone else (Chrysler/Fiat?).

It used to be if you held someones mortgage it had an intrinsic value because of the property... now they are resold as derivitives and no one seems to own the property itself.

Money is now leveraged up to 25 times through Fractional Lending to &quot;create&quot; more money/debt...

Took awhile to find it, but Banking and finance is right at 8% of GDP... so one out of every 12 dollars spent in America is used to move money around....

Banking used to be a support system needed for the rest of the economy, but now it is an entity in and of itself... and is now DRIVING policy...</description>
		<content:encoded><![CDATA[<p>This is actualy a perfect example of one of my thesis on the current problems with the economy.</p>
<p>The current economy is based on nothing.  Its people playing games with Monopoly money.  </p>
<p>It used to be that Stock holders OWNED the company, but now they can get wiped out and the company can still exist, and even be given to someone else (Chrysler/Fiat?).</p>
<p>It used to be if you held someones mortgage it had an intrinsic value because of the property&#8230; now they are resold as derivitives and no one seems to own the property itself.</p>
<p>Money is now leveraged up to 25 times through Fractional Lending to &#8220;create&#8221; more money/debt&#8230;</p>
<p>Took awhile to find it, but Banking and finance is right at 8% of GDP&#8230; so one out of every 12 dollars spent in America is used to move money around&#8230;.</p>
<p>Banking used to be a support system needed for the rest of the economy, but now it is an entity in and of itself&#8230; and is now DRIVING policy&#8230;</p>
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		<title>By: kirkill</title>
		<link>http://hotair.com/archives/2009/06/11/video-ready-for-a-sub-prime-carbon-market/comment-page-1/#comment-2298000</link>
		<dc:creator>kirkill</dc:creator>
		<pubDate>Thu, 11 Jun 2009 21:37:18 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=55789#comment-2298000</guid>
		<description>So Carbon won&#039;t be a tradeable commodity?  I bet I could set my toaster on full speed ahead and get some right now.</description>
		<content:encoded><![CDATA[<p>So Carbon won&#8217;t be a tradeable commodity?  I bet I could set my toaster on full speed ahead and get some right now.</p>
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		<title>By: NoDonkey</title>
		<link>http://hotair.com/archives/2009/06/11/video-ready-for-a-sub-prime-carbon-market/comment-page-1/#comment-2297982</link>
		<dc:creator>NoDonkey</dc:creator>
		<pubDate>Thu, 11 Jun 2009 21:34:53 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=55789#comment-2297982</guid>
		<description>&lt;blockquote&gt;I’ll keep farting loud and proud then. :)

P.S. Please don’t tell my parents I said fart on a blog…. twice.

txag92 on June 11, 2009 at 5:26 PM&lt;/blockquote&gt;

No problem, your tooting is the sound of music compared to one of Great Leader&#039;s speeches.  

And your butt doesn&#039;t even need a teleprompter, I&#039;ll wager.  It knows the words and the hymn.</description>
		<content:encoded><![CDATA[<blockquote><p>I’ll keep farting loud and proud then. :)</p>
<p>P.S. Please don’t tell my parents I said fart on a blog…. twice.</p>
<p>txag92 on June 11, 2009 at 5:26 PM</p></blockquote>
<p>No problem, your tooting is the sound of music compared to one of Great Leader&#8217;s speeches.  </p>
<p>And your butt doesn&#8217;t even need a teleprompter, I&#8217;ll wager.  It knows the words and the hymn.</p>
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		<title>By: wonk-a-donk</title>
		<link>http://hotair.com/archives/2009/06/11/video-ready-for-a-sub-prime-carbon-market/comment-page-1/#comment-2297976</link>
		<dc:creator>wonk-a-donk</dc:creator>
		<pubDate>Thu, 11 Jun 2009 21:34:23 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=55789#comment-2297976</guid>
		<description>I&#039;ll see your CO2 and raise you a cow fart.</description>
		<content:encoded><![CDATA[<p>I&#8217;ll see your CO2 and raise you a cow fart.</p>
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