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We're gonna get seriously screwed by cap-and-trade! The US government is now officially serving Goldman Sachs, not people of the United States. You people are now pariah of this new country of Banker Usurpation.

We are definitely in agreement on this.  I managed to stump one of the inventors of the cap and trade system at the Denver Sustainability Opportunities Summit this spring during the Q&A after his speech.

 

Basically, cap and trade calls itself "capitalism" when in reality it relies even more on government regulation because you need international treaties and treaty enforcement, not just domestic regulatory enforcement.  And the system will allow big companies to outbid small ones for nearly all of the credits, putting small business out of business or forcing them to accept M&A from the Fortune 50.

 

 

Go to financial job boards and check out all of the trader jobs and engineering consultants being hired in NYC, London and Hong Kong.  This is going to be a huge farce in the true spirit of Enron.

International treaties and treaty enforcement are not part of cap-and-trade, if they were we would not have to worry about it, as it would be DOA.

 

China and India have publicly announced that they WILL NOT PARTICIPATE in any cap-and-trade negotiations, period.  Australia looks like it is getting ready to pull out.

Oh yes they are.  Our cap and trade bill is ready made to tie into a global carbon treaty.  China and India are stomping their feet because time has run out on being able to play both "po wittle developing countwy" to get free money and technology while demanding a seat at the head of the G20 due to their vast market potential, growing global companies, space programs, militaries, etc.  They are being lumped in with the US and EU when it comes to emissions caps.

 

And cap and trade is still socialist even within the US as a framework of regulations needs to be built and enforced, including not just the EPA but the toothless cowards in the SEC.

 

  Nany is right on this one. You better read the bill. It cites the UN for oversight all over the place.

International treaties and treaty enforcement are not part of cap-and-trade, if they were we would not have to worry about it, as it would be DOA.

Then we are safe, because there is no way that the Senate is going to agree to a bill that gives up their right to "advise and concent" on changes to foreign treaties.  Clinton tried that at Kyoto and the Senate passed the Byrd-Hagel Resolution by a vote of 95 to 0 rejected it before he even got home.

Not going to happen.

China and India are doing the smart thing by staying out. Plus I bet they will be playing the trillion dollar funny money game of buying and selling credits to companies unfortunate enough to be in countries regulating themselves for the benefit of the bankers. The sad thing is we are putting ourselves into an economically disadvantaged position for the benefit of a very small financial class. Obama has done nothing but their bidding since going into office. Yes, I voted for him , and I am ashamed of doing so.

 

The economy will not get turned around by the investor class. That is what you get when you get a "jobless" recovery. Nor can it be turned around through the purchase of replacement durable goods regardless if they are solar panels, electric cars, or weatherized windows. The only thing that can turn this around is job creation and money in the pockets of the consumer class. Obama has not done anything in that regard. This is why stocks go up but we are still hemoraging 430,000 jobs a month.

news.bbc.co.uk/2/hi/business/8149762.stm

 

US bank Goldman Sachs reported a net profit of $3.44bn (£2.1bn) for April to June, beating analysts' forecasts.

 

Yet another evidence that Goldman Sachs owns the United States of America

 

www.nytimes.com/2009/08/24/business/24trading.html

 

[quote]

At 9:20 p.m. on July 3, Mr. McSwain arrested Mr. Aleynikov, 39, at Newark Liberty Airport, accusing him of stealing software code from Goldman Sachs, his old employer. At a bail hearing three days later, a federal prosecutor asked that Mr. Aleynikov be held without bond because the code could be used to ?unfairly manipulate? stock prices.

[unquote]

 

So, the murders and rape convicts get bails, while the programmer who worked for Goldman Sachs is denied. WTF?

Cap and trade.

 

Nice reason to build some much needed new nuclear power plants in my opinion.

And if you drill in Alaska you save on needlessly emitting CO2 in transporting oil to the US.

 

All out of concern fir the envirionment of course.

 

 

 

 

The calculated carbon footprint of building nuke plants goes into the cap and trade system.  It is another Wall St/City bubble that does nothing to address pollution and everything to make money for shitbird traders and their employers.  NOx, SOx, ozone, mercury and lead are also under similar systems and water rights as well as "water footprint" are the next big things.

World Water Week was a real eye opener. 

 

Any, drilling in the US has nothing to do with carbon trading.  Existing drill sites sit idle because there is a lack of demand. Don't you "conservatives" remember "Market forces"??????????

And the best strategy we can use right now is to drink up the rest of the world and keep our reserves handy for the future, regardless of the pain it causes people who have to drive a few blocks to the store or bought a 4 wheel organ extender.

 

Leases were granted for the Florida coast but is to suck it all dry before the Chinese and Russians can.