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2008-04-16 -Lurid Crime Tales-

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Posted by Mullah Richard 2008-04-16 08:10|| || Front Page|| [4 views ] Top

#1 Sounds like another pig wants its turn at the trough.

Each credit is essentially a permission slip to emit one ton of carbon dioxide into the atmosphere. Currently these credits sell for $16 to $24 apiece.

Powder River Basin coal sells for $14/ton on the spot market (less under contract). One ton of it burns to produce 1.8 tons of CO2. Under this scheme (and it is a lucrative scheme, a 1000MW power plant will burn 20,000 tons or more/day) $14 coal magically becomes $43-$57 coal. The price of electricity is doubled and the parasitic class has sunk another hook into the economic artery.

Posted by ed 2008-04-16 10:16|| 2008-04-16 10:16|| Front Page Top

#2 And you thought the dot coms were blue smoke?

Posted by tu3031 2008-04-16 10:21|| 2008-04-16 10:21|| Front Page Top

#3 If the carbon credit folks were truly intending to help the environment they'd be buying up massive swaths of land (Arctic, jungle, whatever) to help protect it.

If the UN was serious they'd give some kind of credits to nations that created national parks in "vital" areas as well.

If the UN was serious they'd go almost entirely virtual and stop the jet-setting.

Nobody is serious.

Posted by rjschwarz 2008-04-16 12:05|| 2008-04-16 12:05|| Front Page Top

#4 They know it's all Bullshit, but it's lucrative Bullshit, so they have to be at the trough, while apearing to condemn it.

UN SOP

Posted by Redneck Jim">Redneck Jim 2008-04-16 13:36|| 2008-04-16 13:36|| Front Page Top

#5 Related smoke and mirrors story: A friend of Mrs RET does taxes for people and recently had a client who claimed $68k in selling virtual money to gamers so they could upgrade their weapons and'stuff.'
wunnerful world we live in.....

Posted by USN,Ret. 2008-04-16 14:47|| 2008-04-16 14:47|| Front Page Top

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