Patriots

Archive for the ‘Cap and Trade’ Category

You knew it was only a matter of time before something was sited as proof that Climate Change, formally called Global Warming, explained some natural catastrophe.

And the coldest winter in 30 or 50 years? Exceptions to the trend . No one is explaining why, with the exception of the southern hemisphere.

The report explained that 2008 was the coolest year of the decade in the southern hemisphere due to a strong La Nina phenomenon, which cooled the tropical Pacific Ocean below average temperatures. La Niña (the little girl) is a coupled ocean-atmosphere phenomenon similar to El Niño.

Okay, but what about the northern hemisphere? Did the models they are using to predict the end of the world predict these events? NO! What is most concerning is if something is going on, the Global Warming people are no longer interested in pure science. They are only looking for policy and agenda confirmation.

Harry Reid said:

Senate Majority Leader Harry Reid, D-Nev., this afternoon confirmed earlier reports that he was backing away from pushing any kind of cap-and-trade greenhouse gas reduction bill, at least in the short term.

Reid said that any emissions reduction bill would have to wait until the fall at the earliest. As for next week, the Senate will advance an energy bill that focuses on tightening regulations on oil drilling and pushing clean energy alternatives.

“Senate Majority Leader Harry Reid today delivered very bad news to the American people. Continuing obstructionism by the Senate Republican leadership, joined by a handful of Democratic senators, is still blocking the way forward on essential clean energy and climate legislation,” said David Hawkins, NRDC director of climate programs, in a statement.

Don’t believe it. This legislation has more lives than a cat.

China’s largest reported oil spill emptied beaches along the Yellow Sea as its size doubled Wednesday, while cleanup efforts included straw mats and frazzled workers with little more than rubber gloves. (July 21, 2010)

We should run a contest to see who can pick the date when the global warming believers claim the heat wave in the Northern hemisphere proves global warming.

They were quick to point out a cold and snowy winter did not disprove global warming. All of you who believe they will make the same claim about the heat wave raise your hands. I thought so.

Watch for it. Suddenly it will be on all the radio and TV stations. Will the claim be made by a Hollywood star? Or someone with more gravitas. Well that leaves out Al “$540 massage” Gore. Maybe someone from NASA. No, they got thrown under the bus over wrongly stating their top priority as assigned by the President.

The last time Europe had a heat wave, the much touted French health care system lost almost 15,000 dead.

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Here it comes again. Harry Reid’s comments explains it all.

Senate Majority Leader Harry Reid announced Tuesday he had assembled a “rough draft” of an energy bill and would aim to bring the legislation to the Senate floor the week of July 26.

Reid (D-Nev.) said the bill would include provisions aimed at cleaning up the Gulf of Mexico and preventing further offshore drilling disasters, along with alternative energy and conservation incentives. The package is part of a broader effort by Democrats to promote initiatives with job-creation potential, as members of Congress head out on the 2010 campaign trail.

Got that? It is legislation for the 2010 campaign so they will have to put something in to make the Republicans vote no. The Democrats deserve to lose the 2010 election in a way that makes them wish it was 1994 again. Gulf cleanup does NOT belong in a general energy bill.

Most alternative energy stocks are down for the year. Why? Because they are not competitive without subsidies and with more and more governments facing debt problems, the subsidies are being reduced. Even if they are not cut immediately, the subsidies have to be high on the chopping block list.

RUSC: I think there’s actually a lot of political will for these technologies and the question is what format that will turns into. So, if you’re looking at creating jobs, I think there’s enormous amount of will towards creating jobs and developing new industries.

The question is “sustainable jobs”. Subsidized jobs are NOT sustainable. You are most likely reading this on a personal computer. The government never subsidized any personal computers. You could argue that some of the components were originally developed to meet the needs of military or space programs, but noting received a direct subsidy. But it was commercial applications that really pushed the development of the underling processors.

PRATT: Experts caution investing in alternative energy is not for the feint of heart. The stocks can be volatile, swinging wildly depending on which way the political winds are blowing. Suzanne Pratt, NIGHTLY BUSINESS REPORT, New York.

If you find a company which produces a photovoltaic cell 10 times more efficient than current cells, it would be a great investment. And they won’t need government subsidies. Venture capitalists and investors will beat their doors down to throw money at them.

Here is one judge who realizes the government has to live by the same “Rule of Law”. Send people out to review the deep drillers and review their paperwork, but they have followed the government rules and have government approval to drill.

NEW ORLEANS – A federal judge in New Orleans has blocked a six-month moratorium on new deepwater drilling projects that was imposed in response to the massive Gulf oil spill.

And people accused GW Bush of running an imperial presidency.

The President will appeal. This is breaking news to be sure.

Spain will cut its subsidy to solar photovoltaic plants because of national debt.

Estimates put the investment in solar energy in Spain at €18bn – but the investment was predicated, as it is with all flakey renewables, on taxpayer subsidies. With the country’s finances in ruins, making sacrifices for the Earth Goddess Gaia is an option Spain can no longer afford. Incredibly, Spain pays more in subsidies for renewables than the total cost of energy production for the country. It leaves industry with bills 17 per cent higher than the EU average.

“Sustainability” has been the magic word that extracted large sums of public subsidy that couldn’t otherwise have been rationally justified using traditional cost/benefit measures. Spain paid 11 times more for “green” energy than it did for fossil fuels. The public makes up the difference.

More details here.

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At about 10 minutes into the 17 minute speech, President Obama raises alternative energy. You can watch the speech here or read the transcript here. From the transcript:

I assembled a team of our nation’s best scientists and engineers to tackle this challenge — a team led by Dr. Steven Chu, a Nobel Prize-winning physicist and our nation’s Secretary of Energy. Scientists at our national labs and experts from academia and other oil companies have also provided ideas and advice.

Watch what Dr. Feynman says about the Nobel Prize and similar awards. Few academics have actually fixed a problem. It is engineers that apply science to solve real world problems. We do need R&D but scientists are not the best at fixing problems.

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This will be the first address from the oval office. On all of the evening news programs last evening, everyone was giving the President advice on the type of speech he must deliver. Personally, it is too late for both BP and this administration. BP failed to understand how costly it was to only work on stopping the leak. Early on they should have established an aggressive containment, capture, and cleanup program. Rest assured there are people inside BP that knew the approved emergency plan was a joke. Unfortunately the same can not be said of the government regulators.

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