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
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.