I'm curious as to whether the fact that now that the carbon shell game is in and of itself becoming "big business", not unlike say an "Exxon" -- do the greenies lose their credibility too and more importantly the moral high ground?
Ha ha very funny Dr Jones.
EE-Aw!
Cap and Charade
The political and business self-interest behind carbon limits.
Saturday, March 3, 2007 12:01 a.m. EST
The idea of a cap-and-trade system for limiting carbon-dioxide emissions in the U.S. has become all the rage. Earlier this year, 10 big American companies formed the Climate Action Partnership to lobby for government action on climate change. And this week the private-equity consortium that is bidding to take over Texas utility TXU announced that, as part of the buyout, it would join the forces lobbying for a cap on carbon emissions.
cont'd
5 comments:
I sent that Irish pub story to my dad, he really liked it. As far as this other green is concerned, my Grandfather was in the oil industry, wearing a hard hat every day at the tank farm, so I find it easy to spend a lot of time at industry sites like Alexander's Oil and Gas; one could try reading through the articles - from my own reading there, I have stopped worrying about where solar and wind and geothermal is going to come from - it's going to come from the extant oil companies.
The make or break temperature for a geothermal project is 80 C. 80% of abandoned oil wells have temperatures above 80 C. There are thousands of non-used oil wells in North America alone.
It has everything to do with the current Petroleum Engineering major programs at various colleges and universities, a friend of mine went to a Pennsylvania/Ohio oil money college, I had a chance to read through the curriculum. Petroleum science, hackey sack and ultimate frisbee. Great. U2 rocks. Spring break by the Gulf of Mexico, on the way through we can go visit Port Charles or Henry Hub, Louisiana: Henry Hub is the pricing point for natural gas futures contracts traded on the New York Mercantile Exchange (NYMEX). It is a point on the natural gas pipeline system in Erath, Louisiana where 4 interstate and 9 intrastate pipelines are interconnected. It is owned by Sabine Pipe Line LLC. There is no end to this stuff on the Wikipedia.
I just don't spend time worrying about this energy issue. There is so much money in fixing up the need for energy, it just can't go wrong, like selling extra opening day tickets to the Mets.
At any rate, thanks again for that pub story.
Cheers.
i don't understand your position, donk--are you for or against the cap-and-trade?
as i've stated previously, i think it's the best form of environmental regulation because it encourages innovation and reducing pollution without stifling industry.
but, as the article points out, the devil is in the details. it's clear that industries need seats at the table, but they shouldn't be the only ones.
ideally, we could form a national energy commission that brings together environmental scientists and industry representatives that manages environmental regulation.
the inherent barrier, of course, is the current mindset that pits the two groups against each other. perhaps a sensible, moderate administration could foster consensus.
Mr A,
Im glad he liked it. True story. If you or he are ever in the area I highly recommend dropping in. Too see it is to believe it. It has a certain fountain of youth characteristic but replace youth for drunk.
I got peeps in O/G as well -- mostly overseas. You could say that Ive got a guy in Dubai.
D,
I didnt state my position. I was just pointing out that since saving the world has now become "big business" and that is the main argument used against the so called "skeptics" I was asking if that renders their argument moot as well.
...and for the record I am pretty much in complete agreement with the article I posted.
Reagarding cap n trade....
As a capitalist I love it.
As a citizen I am wary of corruption.
As a conservative I abhor the bureacracy.
This just about sums it up for me.
"But there's a difference between making money by producing things people want and making money by gaming the regulatory process. There's no market here unless the government creates one, and who has the profit opportunity depends entirely on who the government picks as the winners and the losers in designing this market in the first place. So it's no wonder that almost any business that has ever put an ounce of CO2 into the atmosphere is rushing to show its cap-and-trade bona fides."
here's an issue where we agree completely.
by the way, i'm currently planning a tour of ireland and the UK for this summer. tell your kinfolk.
I never heard of me having any kinfolk in Ireland or elsewhere overseas, all of them left via Manchester by 1900, I think. I have kin in Belchertown and Munson Mass if you ever play out there.
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