Tag Archive: gas


EDIT: There are few who care about the environment, there also hopes to be few who profit from it. I was thinking about quoting the source of the article below but then I felt I would get immediately disqualified because of it. But there’s one thing that stands out in all of this for me. You can Google it if you want. Here’s my take: Oil is unpopular, it’s limited, it’s a pollutant; yet, it fuels commerce, produce, and transports medicines, workers, and supplies over large distances. No one wants to waste the time and energy (pun intended) to fund and research cheap alternative fuel sources. Why would big oil want that? It would put them out of business. Why are the environmentalist organizations not keen on suggesting cheap alternative energy? Because they don’t want fuels to go away just yet either! So let’s make up “carbon credits” and just let the rich countries get “taxed” so they can continue burning fuels and let the underdeveloped countries have a chance to use that money. Most importantly, let”s use the UN to rally these countries together and let us handle the cashflow! What a racket! But then again, it is our fault for not being responsible enough on our own to be better stewards of what’s been given to us. Instead, we’re gonna let man’s “worst enemy to the planet” be judge, jury, and sadly, the executioner.

The Multibillion Dollar Carbon Trading System The carbon trading system is a multibillion money-making bonanza for the financial establishment. The stakes are extremely high and the various lobby groups on behalf of Wall Street have already positioned themselves.

According to a recent report, “the carbon market could become double the size of the vast oil market, according to the new breed of City players who trade greenhouse gas emissions through the EU’s emissions trading scheme.

The speed of that growth will depend on whether the Copenhagen summit gives a go-ahead for a low-carbon economy, but Ager says whatever happens schemes such as the ETS will expand around the globe.” (Terry Macalister, Carbon trading could be worth twice that of oil in next decade, The Guardian, 28 November 2009)

The large financial conglomerates, involved in derivative trade, including JP Morgan Chase, Bank America Merrill Lynch, Barclay’s, Citi Bank, Nomura, Société Générale, Morgan Stanley and Goldman Sachs are actively involved in carbon trading.( FACTBOX: Investment banks in carbon trading | Reuters, 14 September 2009)

The legitimacy of the carbon trading system rests on the legitimacy of the Global Warming Consensus, which views CO2 emissions as the single threat to the environment. And for Wall Street the carbon trading system is a convenient and secure money-making safety-net, allowing for the transfer of billions of dollars into the pockets of a handful of conglomerates.

“Every major financial house in New York and London has set up carbon trading operations. Very big numbers are dancing in their heads, and they need them to replace the “wealth” that evaporated in the housing bust. Louis Redshaw, head of environmental markets at Barclays Capital, told the New York Times, “Carbon will be the world’s biggest market over all.” Barclays thinks the current $60 billion carbon market could grow to $1 trillion within a decade. Four years ago Redshaw, a former electricity trader, couldn’t get anyone to talk to him about carbon.” (Mark Braly, The Multibillion Dollar Carbon Trading, RenewableEnergyWorld.com, 5 March 2008)

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I never thought I would see this again in my lifetime. I guess we’ll enjoy it while it lasts. The car wash is located at 7000 North Point Parkway, Alpharetta GA.

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Still finding sub-$4.00 gas, but for how much longer?

Posted by dimplemonkey on Natuba