Carbon finance

An Inconvenient EPA Report

by Bill O'Connell on June 30, 2009

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Remember the stimulus package that had to pass immediately or we would face economic catastrophe?  Recently released data from the Commerce Department show that the economy was recovering before the stimulus went into effect.  Unemployment has risen above what the Obama administration said it would if the stimulus passed, but oh well, Congress approved and the president signed the legislation to spend $787 billion of your money.

The Next Boondoggle

Now President Obama is trying to ramrod through the Cap and Trade legislation that will put another enormous burden on taxpayers and we have to do this now, immediately, imperatively, or south Florida will be under water and polar bears will be extinct.

A 98 page report from a veteran in the EPA garnered this response from his boss, Al McGartland:

“‘The administrator and the administration has decided to move forward on endangerment, and your comments do not help the legal or policy case for this decision,” he wrote, according to the e-mails released by CEI. “I can only see one impact of your comments given where we are in the process, and that would be a very negative impact on our office.’ ”

Who is the EPA working for?  Is this a government of the people or of the statists?  So because they won the election, the policies of their most extreme supporters must be put in place, no matter how large the bill or how effective the policy.  If it is a sham, too bad, they want it…they shall have it and you get stuck with the bill, the loss of liberty, and them telling you how to live your life.

The Problematic Report

Here is the essence of the report , written by EPA scientist Alan Carlin,  that the EPA finds so damning:

Carlin compiled a 98 page report that pointed to some inconvenient facts that call the connection between CO2 emissions and global temperature into doubt, at a time when the President is pushing “urgent” carbon emissions regulation through the Congress. From FOXNews.com:”Specifically, the report noted that global temperatures were on a downward trend over the past 11 years, that scientists do not necessarily believe that storms will become more frequent or more intense due to global warming, and that the theory that temperatures will cause Greenland ice to rapidly melt has been ‘greatly diminished.’ ”

But hey, on the other side of the ledger you have Al Gore and he has a Nobel prize and an Academy Award, so who are you going to believe?

The global warming threat may be in the process of being debunked but the fiscal threat from the Obama Administration will cause far more damage if we don’t take urgent steps to stop them.

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Cap and Trade Lemmings

by Bill O'Connell on June 26, 2009

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Democrats Lining Up to Vote for Cap and Trade

The tide is turning against the case for man-made global warming.  An article in today’s Wall Street Journal has the following:

“Among the many reasons President Barack Obama and the Democratic majority are so intent on quickly jamming a cap-and-trade system through Congress is because the global warming tide is again shifting. It turns out Al Gore and the United Nations (with an assist from the media), did a little too vociferous a job smearing anyone who disagreed with them as “deniers.” The backlash has brought the scientific debate roaring back to life in Australia, Europe, Japan and even, if less reported, the U.S.” — The Climate Change Climate Change, WSJ, June 26, 2009

So if the case for controlling CO2 emissions is gaining skeptics, what would a reasonable person do?  They would probably pause and listen to see if they should alter their position based on this new information.  What do the statists do?  Double their efforts to jam this gargantuan tax bill through Congress, again without reading it because it’s too big, before the American people find out just how monumentally stupid it is.

Nancy Pelosi, Henry Waxman, and Ed Markey are the lead lemmings jumping into the sea and expecting all of us to follow.  You see, if they can slam this thing in they will have enormously increased their power and make it very difficult to unwind this monstrosity.  Their disdain for what is right for this country and what is best for the American people is truly astounding.  Their arrogance and sense of empowerment knows no limits.

Scientists Speak Out

Far from Al Gore’s pejorative and dismissive label of “deniers”, some real scientists weigh in:

“The number of skeptics, far from shrinking, is swelling. Oklahoma Sen. Jim Inhofe now counts more than 700 scientists who disagree with the U.N. — 13 times the number who authored the U.N.’s 2007 climate summary for policymakers. Joanne Simpson, the world’s first woman to receive a Ph.D. in meteorology, expressed relief upon her retirement last year that she was finally free to speak “frankly” of her nonbelief. Dr. Kiminori Itoh, a Japanese environmental physical chemist who contributed to a U.N. climate report, dubs man-made warming “the worst scientific scandal in history.” Norway’s Ivar Giaever, Nobel Prize winner for physics, decries it as the “new religion.” A group of 54 noted physicists, led by Princeton’s Will Happer, is demanding the American Physical Society revise its position that the science is settled. (Both Nature and Science magazines have refused to run the physicists’ open letter.)”  — The Climate Change Climate Change, WSJ, June 26, 2009

Can you feel your liberties slipping away as those in power do what they want rather than representing us.  Sounds like it’s about time for a tea party.

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Stop Breathing, You Vile Polluter!!!

by Bill O'Connell on February 19, 2009

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Do you like to breath?  I do.  Do you like trees and enjoy their beauty?  I do.  So what’s the problem?  The problem is that Obama’s EPA is considering a ruling that would declare Carbon Dioxide a “dangerous pollutant“.  So what do you do with a dangerous pollutant?  Well, you stop it, ban it, eliminate it so that it no longer harms us or the environment.  No?

Carbon Dioxide as a Pollutant

The problem is that every time you exhale, part of what you are exhaling is carbon dioxide.  So with every breath you are dangerously polluting the earth.  You must be stopped.  Your breathing must be banned.  You must be eliminated.

What about all those dangerous trees and plants?

“When the sun is shining, plants perform photosynthesis to convert carbon dioxide into carbohydrates, releasing oxygen in the process.”

Trees and plants absorb carbon dioxide and convert it into oxygen.  So if we eliminate this dangerous pollutant, wouldn’t it stand to reason that plants would die?  If plants die, they don’t produce oxygen and people and other oxygen breathing life would die. What a great idea! Let’s ban a dangerous pollutant and in doing so, kill all life on earth as we know it.  Why didn’t I think of that?

Global Warming, I mean, Global Climate Change

Since we have been seeing record cold temperatures across the country and it seems to snow everywhere Al Gore goes to speak (is GOD playing with him?), we hear less and less about global warming.  Now it’s called global climate change, which in my observation happens every day, season, year for as long as I can remember and I expect that it will continue to do so.

The problem is that those who advocate the declaration of carbon dioxide as a pollutant are the same people that say it is settled science that the increase in temperatures, or as it is now called climate change, are man made.  The truth is that there is significant evidence to the contrary that increases in carbon dioxide are not the cause of temperature increases, but the result of temperature increases caused by solar activity (see previous post).

Let Cooler Heads Prevail

I have no problem in working toward reducing the amount of anything that is a byproduct into the atmosphere.  Recycling is good.  Cutting back on energy waste is good.  Renewable energy helps us get off foreign oil from despotic dictators which is good.  But we have to avoid going around the bend and taking extreme positions that the very act of breathing results in a dangerous pollutant.  Once you give that power to the government, more of you liberty vanishes and there is no telling how far they will go with it.

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Man Made Crisis?

by Bill O'Connell on December 28, 2008

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As I continue to read the book I mentioned in my last post, I become more wary of the politics surrounding it.  Man’s contribution to global warming is “settled science”, or in other words, no more debate folks the discussion is closed.  The suggestion from a politician in Australia that any Australian that doesn’t believe in man made global warming should be stripped of their citizenship until the are re-educated.  Does that kind of talk scare you?  It scares me.  The American Meteorological Society (AMS) has issued a statement on climate change that reads:

“There is convincing evidence that since the industrial revolution, human activities, resulting in increasing concentrations of greenhouse gases and other trace constituents in the atmosphere, have become a major agent of climate change.”

Heidi Cullen, the Weather Channel’s climatologist believes that any meteorologist who carries an AMS certification should lose that certification if they do not toe the company line.  If their science and their logic are so convincing, why resort to the threats and coercion?

There is an alternate theory that is not even addressed in the book and that is that the temperature increase that we are seeing is caused by solar activity.  In the book the author touches on the effect of the sun, but only with regard to the position of the earth relative to the sun, not solar activity and since the position hasn’t changed that much, he says it is not a factor.  But it is not the position of the sun that is the factor, it is the amount of solar activity.  There have been very high levels of solar activity between 1940 and 2000.  That activity has since decreased and has been low for several years now.  If you listen carefully you will hear news stories that global warming peaked about ten years ago.

The book states that from 1990 to 1999 global CO2 emissions increased at a rate of 1.1 percent per year.  In the years 2000 to 2006, the rate tripled to over 3 percent per year.  So with such a dramatic increase of CO2 being released into the atmosphere and it being “settled science” that CO2 causes global warming, why did the temperature peak in 1998, and begin falling while the amount of CO2 being pumped into the atmosphere accelerated?  Another study concludes, “if you shut down all the world’s power plants and factories, ‘there would not be much effect on temperatures.’”

My concern is that we have a rush to solve a problem that may no longer exist, or worse may be going in the opposite direction, and our “leaders” are clamoring for massive spending and changes to our economy.  But what about all the proof of CO2 emissions leading to increases in temperature?  The question should be what is the cause and what is the effect?  Has the increase in CO2 caused the increase in temperature or has the increase in temperature, caused by solar activity, led to an increase in CO2?

The author unintentionally makes this point when he mentions that increasing temperature in the oceans caused CO2 to bubble up and be released into the atmosphere.  He also mentions that if the arctic tundra should start to thaw then methane, which is a more potent greenhouse gas than CO2 will be released into the atmosphere.  I think he was trying to say that an acceleration effect would occur where CO2 warms the earth and thereby releases more CO2, but if this was the case we would have baked long ago.  There is a study that indicates that based on past data going back 250,000 years that CO2 concentrations actually lag temperature change, meaning the temperature increase caused the CO2 increase and not the other way around.

With this in mind, any proposal to immediately change to renewable fuels on a massive scale could actually have the opposite effect.  I believe we should convert to renewable fuels when and as they become economically viable.  We recently saw a dramatic climb in the price of a barrel of oil.  With that there came an economic incentive to switch to hybrid cars, build wind farms, install solar systems, etc.  With the housing bubble and the subsequent fall off in economic activity, the price of a barrel of oil has decreased just as dramatically.  Sales of hybrids have sharply curtailed.

So if we artificially push to change from oil to renewable energy now: 1) it will be disruptive to the economy; 2) if the Indians and Chinese do not increase their consumption as fast or faster than we would wean ourselves off, the price of a barrel of oil will continue to fall.  As the price of a barrel of oil falls, the economics of renewable energy will get worse not better, and therefore more coercion would be required through tax incentives and regulations to continue the process.

I believe we should put our energy in driving down the cost of the technology through manufacturing improvements and R&D, so that alternative energy can compete with fossil fuels without subsidies, and let the market determine the pace of the conversion.  We tried the massive government energy program with the Synfuels Project in the late 1970s and every one of those projects failed because they were not economically viable. An enormous amount of money was spent in that effort but it was shut down.  Command and control economies do not work, the collapse of the Soviet Union and the injection of capitalism in China have proved that.  Markets do work, if artificial constraints are not placed upon them by bureaucrats.

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