John Coleman, founder of The Weather Channel, writes on his Facebook Page:
I will be presenting a skeptical report on the new California Cap and Trade law on the KUSI News at 6 PM and 10 PM today. It will be posted on the KUSI.com webpage shortly after it is telecast. . In connection I also did a 25-minute interview with the man leading the California citizens’ protest movement against Cap and Trade, Warren Duffy. I urge you to take the time to watch that interview. …It can be found at the top of this Coleman’s Corner page which is linked at the bottom of the KUSI Weather page. The interview I did with Lord Christopher Monckton will also be posted there by this evening.
Basically, the concept of Cap and Trade is try to force companies that produce carbon dioxide and “other greenhouse gases” to reduce their emissions or buy offsets by paying the State of California fees that the State will then (supposedly) use to offset the effects of that release of CO2 into the air. The State’s first Auction of Cap and Trade off-sets in November is expected to produce 1 billion dollars for the State. The Governor said he wanted to use this money on the high speed train project, but the State Legislature intervened and designated the money for other mass transit and related projects. Skeptics think the money will end up being applied against the State’s huge budget shortfall and end up paying the upscale wages and pensions of State Officials and employees.
In any case, that billion dollars will come from us, you and me. It will come in the form of greatly increased prices for gasoline (estimates go as high as 7 dollars a gallon) and electricity and water and food, etc. We will be charged these increased prices to offset the carbon credits paid by refiners, farmers, water districts, truckers, etc. It will be an indirect, huge tax increase.
This is California’s action to save us from the horrors of global warming.
Here is what I think. There is no significant man-made global warming. Carbon Dioxide is not a pollutant. It is, however, a very minor greenhouse gas that causes a smidgen of warming, but not enough to create any problem. So we are going to further wreck the economy of California to save us from a non-problem. And, even if we totally eliminated CO2 releases in California we would only cut the carbon dioxide in the atmosphere by less than 1 percent. All of the rest of the World produces over 99 percent of the carbon dioxide in the air, and the atmosphere knows no state boundaries.
So the Cap and Trade is really bad idea, based on faulty science and about to increase the cost of living for the typical California family of four by as much as $4,500 a year.
And, I don’t see any way to stop it.
I don’t want to move. I love living in San Diego and it is in California. Can I pay the “fine” for living here? And, can you? And will you? We’ll see.
UPDATE – here is the video interview with Duffy, the main report will be added when available:
http://www.kusi.com/video?autoStart=true&topVideoCatNo=default&clipId=7527761
The Main video is now online:
http://www.kusi.com/video?clipId=7535668&autostart=true
Reality is beginning to hit home.
When is California planning to file for bankruptcy protection?
Dont’t fly to the EU to escape either because the plane trip will trigger a carbon tax. Welcome to the VAT tax of carbon.
For those using mobile devices (You will find out if your mobile browser can take you there I hope), use this link for the video
http://www.kusi.com/video?autoStart=true&topVideoCatNo=default&clipId=7527761
You write: ” So we are going to further wreck the economy of California to save us from a non-problem.”
That’s because you have not defined the problem correctly. The problem being addressed is that the politicians of the State of CA don’t have as much money as they would lie and the taxpayers probably won’t pony up tax increases. Cap and Trade seems like a solution to that problem. So cap and trade it is.
[Do CA politicians “lie” for money? or [like] more money ? Robt]
Breaker: “… State of CA don’t have as much money as they would lie …”. That “lie” seems to be a typo, but I’m not so sure …
They need money. Is justification really necessary?
Don’t get me wrong, I love my environment and will protect it as possible. When love of such takes you over to “at any cost mode”,
We have issues!
Agenda 21 is something that those who actually have read it,,,,, understand how infectious it is……..
The avalibility of abundant and low cost natural gas from shale deposits in the U.S. has resulted in natural gas now equalling coal in electricity production for the first time in history. This outcome will save $100 billion per year in energy costs and has reduced U.S. C02 emissions in 2012 at a rate which may leave total emissions this year at 1990 levels. This level of C02 reduction in 2012 exceeds by more than 2.5 times the total C02 reduction targeted in California through year 2020. But unlike the huge energy cost savings that increased use of natural gas has delivered along with C02 reductions the California cap and trade tax driven targets will cost over $100 billion paid for by the states residents. The U.S. has seen declining C02 emissions since 2005 and the rate of decline is now increasing. China’s annual C02 emissions are now nearly double those of the U.S. and increasing at about 500 million metric tons per year. Given the market driven energy mix changes that have occurred here involving shale gas deposits which will continue to grow in the future and the beneficial cost and C02 reductions achieved no forced tax and cap programs should be implemented in California or any where else in the U.S. trying to address C02 emission reduction targets. Such actions are completely unnecessary and those pressing for cap and tax actions are simply out of touch with world energy and emissions realities.
Reblogged this on Is it 2012 in Nevada County Yet? and commented:
Heads, you have not been paying attention, now is a good time to start. Ellen and I are going with friends to the Capitol on 15 August. See you there.
[Do CA politicians “lie” for money? or [like] more money ? Robt]
Yes.
There are appropriately joking references to CA “filing for bankruptcy” as a way of weaseling out of unfulfillable pensions and union-written public employee compensation packages.
But this is no joking matter.
If/when States start passing their debt problems off to the fed-govt under the all-too-familiar cover of “too big to fail” [and nothing could ever be bigger than the Golden State], we will have lost the federal republic government that our founders embedded in the Constitution.
Independent States are vital to America to stimulate innovation and competition. If you don’t like the way your State is run, you have the option of going to another State. You, the individual, gets to choose how much/what kind of State government suits
But if States can avoid the consequences of their bad policies by “federalizing” their economic screw-ups, then the federal government holds all the notes and there is no escaping the long, strong arm of the IRS and the rest of the national bureaucracy.
California must be allowed to fail to cleanse itself of leech culture. As a Native Son of the Golden West, it pains me to say so. But I love my country more than I do the State of my birth.
Obama; I need to borrow a couple more $Trillion.
Jintao; A couple?
Obama; OK, 5. Maybe 6. Let’s make it 10.
Jintao; You’re in pretty deep… collaterol?
Obama; Sigh. How about Guam?
Jintao; Not a chance. We heard it is tippy….
Obama; OK, how about Saskatchewan?
Jintao; Uhm…. that’s part of Canada….
Obama; OK, Manitoba.
Jintao; That’s part of Canada too….
Obama; Err….uhm…. OK, how about California?
Jintao; Well, maybe. But we’ll have conditions.
Obama; Like?
Jintao; If you default, we just want the land and buildings. You keep the citizens.
Obama; Could work. As citizens we can order them to relocate…. all those illegals though, we’ve got no authority over them…
Jintao; Oh we’ll keep the illegals, we will need workers.
Obama; But not the citizens?
Jintao; No chance. Way too left wing for us.
GeologyJim says:
July 23, 2012 at 10:35 pm
We’ve come a long way from the days of Gen. Robert E. Lee.
“All of the rest of the World produces over 99 percent of the carbon dioxide in the air, and the atmosphere knows no state boundaries.”
Uh, most atmospheric CO2 was already there, and is part of the carbon cycle. If you mean the small part of the total produced by humans, well, I won’t argue against a 1% estimate for CA vs. 99% rest-of-world human production.
Indeed, CA needs to go down hard. CA dreamin’ is just a way to avoid dealing with reality. The goofballs living on the coast and in Sacto think they can fabricate their own reality. Reality is just what we all decide it is, right? OK, you dummies, why don’t you go play on the freeway, or hug a Great White shark?
Cap-and-Trade is a way to ensure the state economy tanks, and the people who can’t escape are dependent on government. Serf City, USA!
What are they going to do put California Customs posts on every road into the state and levy the tax on all ‘imports’? Because that is the only way to make cap and trade work.
I assume you are referring the anthropogenic CO2 contribution to the air, not to the all of it.
Sorry, CA is reaping exactly what it deserves. Unfortunately, more realistic and fiscal Americans may end up footing the bill. A strong “sink or swim” message should be clearly communicated. GK
I don’t live in California, I guess I’m not as concerned about Califonia’s carbon controls problem as those who actually live there. If fuel prices spike and living in California becomes unbearable, people will leave and set up operations in Texas. Every state has its warts and carbon rationing is simply one of the warts on Californians. If you want to live there or do business there, you gotta deal with its warts.
Of course Californians know that as time passes, cap&trade will be broadened to include everyone. Everyone will become carbon traders. They will be issued carbon credit cards, just like the ones which were alomost issued to citizens in the UK a number of years ago.
read it here http://www.guardian.co.uk/politics/2006/dec/11/uk.greenpolitics
Glad I don’t live in California.
cheers
davidmhoffer says:
July 23, 2012 at 10:54 pm
Obama; I need to borrow a couple more $Trillion….
___________________________
ROTFLMAO
The Chinese do not NEED Obama they are just buying the USA OUTRIGHT! (snicker) China is also going after our real money cows, our fractional reserve banks WASHINGTON: The Federal Reserve announced today that three major Chinese banks have won approval to enter the US banking market. and Chinese Bank Is Buying Some Bank of America Branches (in Asia)
Of course this is nothing new. A decade or more ago Japanese were going door to door in Oklahoma looking for ranch land to raise cattle according to my farrier’s family. Since the Reagan era leveraged buyouts and WTO ratification most of US business are now internationally owned link
(Now where is _jim with his usual snark and no links???)
Philip Bradley says:
July 24, 2012 at 1:03 am
What are they going to do put California Customs posts on every road into the state….
_____________________________
They are already halfway there ask any trucker.
A comment from Lisa R. of Reno, NV
Always remember that ALL of the CO2 demonization is purposeful as it allows the goals of Agenda 21 to be promoted. Cap and Trade is DESIGNED to hurt and bring down the economy and standard of living—that’s one of the goals. AND using the money to feed bad spending policies means that the state will NEVER get ahead and the tax-beatings will continue until the economy (NEVER) improves.
So when will these “eco warriors” start applying an import duty on dirty Chinese and Indian imports ? because that would be both honest and useful, im not holding my breath!
Remember, a government cannot give to you what they first didn’t take from someone else!
Maybe I’m just dumb, but if CA companies that produce CO2 have to buy “carbon credits” so they can produce CO2, where does the reduction come from? Or is that when they decide to not produce CO2, hence close down, now unemployment goes up, less taxes collected and the downward spiral begins……. Is it just me, or is this the utter definition of madness?
RHS says:
July 24, 2012 at 7:53 am
Remember, a government cannot give to you what they first didn’t take from someone else!
********
they only give about 10% back. they keep the rest.
U.S. States need to pass referenda right now that they will not bail out California.
I don’t think California will get a billion dollars from it’s Cap and Trade law. I think, as usual, the state and CARB have over estimated the revenues generated by Cap and Trade just as they have over estimated all their other revenue projections.
In theory, California’s “Cap and Trade” is going to generate revenue for the state, in reality the “cap” is what businesses will do to their operations when they “trade” California for another state.
One thing with this cap-and-trade scheme that I think most Californians don’t know about is that there are mentions of REDD in the ARB site. If we end up paying REDD fees, we are going to be paying other countries huge sums of money so their trees can store our carbon. This is in essence, a scheme to redistribute wealth from rich nations to poor nations.
Stop the press, new information released from scientist…
Fifth stable form of Carbon identified
to the list of Coal, Graphite, Diamond, Buckminsterfullerine is added the new one
an international group of moneterists has given it the name”Tax” after finding that it naturally attracts large amount of money.
highly abundant.. found on all continents
appearance …. greenish
reacts with…. politics and belief systems
hardness…hopefully wears away once exposed to truth
Watched the interview with Mr. Duffy. Very well done, John, you’re a marvelous interviewer. Wish we had a guy like you on TV here in Germany.
It’s a tax. A prosperity tax.
To the extent they *try* to make a market out of it, it will fail, like it always does. Then it will be nothing but a tax on prosperity (what little of that there is left to go around).
they should use all of the realestate in ca for collateral and borrow all the money from the chinese that they want. quite a number of years ago the japanese were buying up most of the buildings in los angeles. (actually all of the county buildings that bank of america didn’t have a second mortgage on) and there were the usual screams of “they will own all of the los angeles basin”.
then they had a terriffic earthquake in Nagisaki and really needed a lot of money to rebuild the infrastructure there.
the real estate market was not quite as rosy as the salesmen had intimated and no one was interested in buying. they took a real bath on those buildings.
C
I was on holiday in California last summer.
On the positive side , San Diego is a wonderful area. What a nice place!. And lots of good people.
On the negative side, it seems this area has an every day transportation problem. People, lots of people, going to and from work every day.
All these cars, stuck on the freeway. Miles after miles with cars. Almost standing still.
A nightmare, no less.
Too bad this cannot be solved building a under/over ground train system. After all, when ( if ) you jump of a station, you will most likely need to be transported further on, since everything is so spread out over a wast area.
What a dilemma!
I will take the under on the yield of the auctions.