Posts Tagged ‘ETS’
Carbon capture

Will someone please get on the phone and let the Polish government know that Australia has legislated to introduce a carbon dioxide tax as an intermediary step to a carbon dioxide emissions trading scheme:

Another EU Greenfail As Poland Vetoes Carbon Targets:  The EU’s carbon agenda has launched a trade war that has China blocking purchases of Airbus’s troubled new jumbo jets; now word comes that the EU climate agenda is beginning to fall apart at home.

The European Union’s ambitious low carbon plan collapsed yesterday when Poland vetoed plans to reduce greenhouse gas emissions drastically after 2020

Obviously the Australian Department of Foreign Affairs has been distracted by the activities of its now former Minister. Somehow they have not made Poland aware of our position. This is the only possible explanation for Poland’s bizarre decision.  The Australian government and countless members of the media made it clear that the world was just waiting for Australia’s to take the lead. The world was already moving remorselessly to impose a global carbon dioxide trading scheme. If we did not act now, we would be left behind. We would lose the opportunity to profit from being just ahead of the rest of the world in making our industry pay for their carbon dioxide emissions.

Of course, it is not just Poland and China that give the lie to Australia’s pro-carbon dioxide tax rhetoric. Russia, the US, Japan and many others all form part of a global anti carbon dioxide tax coalition.

Sorry for all the “dioxide“, it’s hard not referring to carbon dioxide by its name, rather than that of something else. But we live in an era of politically correct Orwellian newspeak.  Carbon dioxide is now the gas that dare not speak its name. It’s too obviously inoffensive.

The lies and the pervasiveness of politically correct mouthpieces in advocating for an Australian carbon dioxide tax was amazing. Just because banks will make a fortune trading carbon dioxide in any global scheme does not mean it warrants public support. The push for a carbon dioxide tax shared many similarities with that for desalination plants in Australia.

Australians will have to pay billions to cover the costs of building desalination plants instead of damns. Water will cost more than necessary for the rest of our lives.  We are so much the poorer for this. Many do not yet realize how they have been robbed. The costs are spread over so many and for so many years that the magnitude and extent of the theft is hard to see. The effects are the same as a massive tax paid directly to those who profited from the desalination decision, including all the lobbyists.

By capturing the legitimate policy making process the vested interests have transferred fortunes to themselves, without much risk of being charged. This is despite the costs of their benefiting this way being greater than if they had simply received a bribe. The plant had to be built rather than just having a smaller sum paid to the vested interests and their enablers.

While some enablers were paid, the vast bulk were simply useful tools. Tools of parasites pushing for profit outside a free market. Politicians may once have been the slaves to some long dead economist, but now they tend to dance to a different tune. One played by those interested in private gain rather than the public good. Private gain obtained without the risk and effort required by a free market. It was ever thus, back before we uncovered the keys to unleashing human potential. Back before our culture evolved in such a way as to provide riches beyond the wildest imagination of any in per-capitalist times. Our science is more than magic to them.

Both the carbon dioxide tax and desalination plants enjoyed similar amplification and endorsement. Venom was pored on those who questioned them. Now the perpetual drought has proved to be somewhat less than eternal, the merits of dams over desalination plants is undeniable. 15 years of increased human carbon dioxide emissions without rising temperatures has had a similar effect on peoples views of taxing carbon dioxide.  Reality has defied all the predictions of all the preexisting models. People have concluded the models rather than reality are wrong.

But note how the parasites operate. They have lots of resources and lots of time. They are happy to trample all over our institutions, culture and country for their personal gain. Watch what happens to living standards in the UK. They had Blair while Australia had Howard. They gained a Cameron, while Australia will hopefully have an Abbott. But the ALP succumbing to the siren song of the vested interests has done much damage. Come the collapse we will regret the waste.

The Liberal Party (Australia’s conservative party) will not be immune. There are so many smart sweet talkers out there who want your money and are happy to use the State to get it. Their techniques transfer across borders, where they have the same effects – impoverishment of the populace and destruction of their culture.

Watch their modus operandi. Know thy enemy. The first step toward a cure is to admit the problem.

They will be stopped, the sooner the better.

Oil market manipulation

Fascinating post by Chris Cook: The Oil End Game on Naked Capitalism.  Chris Cook is the former compliance and market supervision director of the International Petroleum Exchange. He ought to know of what he speaks:

 The oil markets are completely manipulated and orchestrated, and the conductors of the orchestra have the benefit of having already held a rehearsal in 2008.

History never repeats itself, but it does rhyme. This time around it is not demand from the United States that is collapsing, but European Union and United Kingdom demand, as oil prices in euros and pounds sterling have never been higher. In the meantime, the US is awash in oil as domestic production quietly increases, flushed out by the high prices.

As I have outlined in previous articles, the culprit for the high oil prices between 2009 and 2012 – with the exception of the speculative “spike” between March 2011 and June 2011 driven by Fukushima and Libyan price shocks – has been passive investment by risk-averse investors, which enabled producers to support oil prices at high levels.

Much of this passive money underpinning the market and enabling producers to monetize inventory pulled out of the market in September 2011, and another wave pulled out in December 2011.

What is now happening is the end game: an orchestrated wave of noise that is drawing in speculative money. This is enabling the producers who are actually in the know to hedge by selling production forward during what they confidently expect will be a temporary – and pre-planned – managed fall in the oil price.

Read the whole thing

Free markets might allocate resources optimally. But we appear to be living under manipulated markets. No wonder there are so many voices calling for a global carbon dioxide trading scheme (ETS). The amount of money to be made by vested interests is truly mind blowing.

Global anti carbon tax coalition

The China Post reports:

Countries opposed to an EU law forcing the world’s airlines to pay for greenhouse gas emissions agreed on a basket of retaliatory measures, adding to a series of threats that have raised the prospect of the globe’s first carbon trade war.

Not possible I hear you say. The world noted Australia’s legislated imposition of an ETS via a carbon tax and are now moving full steam ahead implement their own. It must be. China, the US, India, Japan and others were just waiting for Australia to legislate for an ETS. They can not possibly be opposed to the EU ETS covering international air travel. But they are. They are all members of the Coalition of the unwilling, which included:

Representatives of Armenia, Argentina, Republic of Belarus, Brazil, Cameroon, Chile, China, Cuba, Guatemala, India, Japan, Republic of Korea, Mexico, Nigeria, Paraguay, Russian Federation, Saudi Arabia, Seychelles, Singapore, South Africa, Thailand, Uganda and United States of America, gathered in Moscow, on the 21st and 22nd February 2012,.

Of course, despite domestic distractions the Australian government will be protecting our interests. Australians travel further than almost anyone else when going to Europe, so the impost will be particularly hard on them. But somehow we seem to have missed the Moscow meeting. This despite it involving our biggest trading partners. Surely the government could not be embarrassed at such a rapid world-wide refutation of its impose a carbon tax rhetoric?

China has instructed its airlines not to pay the fee. Russia is considering doing likewise:

The Russian government is now reviewing a bill prohibiting Russian airlines to participate in emission trading: It means considering a retaliatory approach,” Aeroflot said on the eve of the talks…

Aeroflot said the law could cost it 800 million euros ($1.05 billion) by 2025. It warned that the opposition could change its approach from “oral protestations” to “various forms of trade wars with the EU.”

Will the Australian government do likewise? Of course not, what does it care about our hip pockets. It’s already demonstrated a callous disregard with it imposition of a carbon tax as an intermediary step to an ETS. Don’t ask me why we have to go through a carbon dioxide tax to get to a carbon dioxide emission trading scheme. I did not vote for one. Almost no one in Australia did. Our major parties promised not to introduce one during the election campaign.

But once in office… promises? Only the little people have to keep those. What’s our word worth compared to imposing our will, to transforming society? To creating a world without exploitation of man the environment? The creation of a new era, one in which our land will last a thousand years, rather than being largely submerged in a couple of hundred. Mao would have loved the rhetoric. Speaking of Mao, check out this suit?

Our politicians acted so our children will again know rain not perpetual drought. So English children will be able to see snow. Sigh, those were the days, before floods in Australia and snow drifts in England demonstrated the hollowness of the climate alarmists claims.  But why let facts get in the way of rhetoric and enriching vested interests? Marxist ending of exploitation of man by man does not move the masses anymore. But ending exploitation of the environment still garnishes votes and subsidies to a privileged few.

In the real world a global coalition of the unwilling has formed to fight the imposition of a carbon tax on international air travel. The coalition unites the economic, political, military and population heavyweights of the US, Russia, China, India, Japan and dozens of other countries. Come on Canada. Come on Australia. You can do it. You too can stand up to the Europeans. They are so broke they would be mad to risk a trade war. But they must have been mad to have got themselves into their present state.

Unlikely as it may seem, I guess we have to add a carbon tax induced trade war to our list of global black or grey swans. After all, even the BBC recognizes the possibility. As if we needed another.