Tag Archive: oil


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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From the OMG! and the Welcome Back to Reality files… [Can someone please buy some more of his records so he can fly in style and not first class!!! Have you no decency?]

LOS ANGELES, California (AP) — Fuel prices have grounded an unexpected frequent-flyer: Diddy.

Sean “Diddy” Combs complained about the “… too high” price of gas and pleaded for free oil from his “Saudi Arabia brothers and sisters” in a YouTube video posted Wednesday.

The hip-hop mogul said he is now flying on commercial airlines instead of in private jets, which Combs said had previously cost him $200,000 and up for a roundtrip between New York and Los Angeles.

Yo! This aint goin down like this!

Yo! This ain't goin' down like this!

“I’m actually flying commercial,” Diddy said before walking onto an airplane, sitting in a first-class seat and flashing his boarding pass to the camera. “That’s how high gas prices are. I’m at the gate right now. This is really happening, proof gas prices are too high. Tell whoever the next president is we need to bring gas prices down.”

digg story

D-Ohio, 9th District, Marcy Kaptor has an interesting thing to say. Why am I not hearing more about this in the mainstream? (Hint: Because we’d rather be distracted by Britney news) Why is the rest of the House of Reps staying quiet after she speaks? The British House of Commons at least will clap or boo. Those guys know how to let you know if they agree with you or not. So again, I must ask, why the lack of reaction? (insert cricket chirps)

So let’s get past this point and move on to what Ms. Kaptor is talking about… our continued dependence on oil. I remember this being a big issue with I was younger… AND THAT WAS IN THE 70s! What’s happened since? Why are we still sucking the oil pipe down like $6 Starbucks coffee? Why has the average fuel efficiency of an automobile barely creeped into the 30s? Why has developement for alternative fuels been stunted by special interest groups? Why are we shooting ourselves in the foot? The questions I ask are somewhat rhetorical in nature. My purpose is to actually stir some debate and interest in finding out whether it is better to pursue the answers and condemn those who are preventing us from finding alternative energy or if we just need to leave all of them behind and march forth on our own as a collective and begin a new revolution in which our actions will speak louder than our words. This country used to be an admired leader in so many facets. Why can’t we take the reigns and advance ourselves forward instead of waiting for someone to do it for us?