RIP CARBON TRADING

In a mysterious epidemic of common sense Congress has dumped their effort to cap carbon emitting from power plants.  The Wall Street Journal calls it “major blow to one of President Barack Obama’s top priorities.” I call it a victory for the USA because even if you believe in CO2 caused global warming, it’s still a dumb idea.

Why is it a dumb idea? For starters if they charge power plants for emitting CO2, guess who’s going to pay for it? The average American citizen, that’s who.  You aren’t really naïve enough to think the power companies will absorb the cost are you? If you are that dumb, think about this. Pacific Gas and Electric in California is putting in smart-meters all over the place.  Yes it’s costing them money, but they will be saving money reading them, too.  They won’t need meter readers on foot anymore, they can now get it via wi-fi and send you a bill.  Yet they still got the Public Utilities Commission to approve a rate hike to cover the smart-meters.  Nice eh?  They save money, we get to bear the cost of the meters.  Lovely arrangement, if you’re PG & E. Like having a jeweler get Rolex watches for free and then turning around and still selling them at full market rate. Nice bump in profits with someone else paying your overhead.

It’s also mandated that they start getting a larger percentage of their power from renewable energy sources like solar and wind.  Problems with those, too.  I’d question if there are enough of either to make the mandated reductions and even if there are, neither provides power 24 x 7, it’s only provided when the wind is blowing or it’s daylight.  They will still need to get power from non-renewable sources like coal and natural gas power plants when the renewable energy isn’t working or is working at greatly reduced levels.

That renewable energy isn’t free either.  Both solar and wind are heavily subsidized. If they weren’t your power bill each month would be more than your mortgage is.  So what you say? It’s subsidized by the government? Obama is sending stimulus money? It’s free?  It’s your tax dollars that pay the subsidy bozo.  Ever wonder why your kids education sucks or why that state college is charging higher tuition every year? Wonder why institutions such as Cal Berkeley have reduced the amount of California students and increased the amount of foreign students and now your kid is turned away? Part of it’s because they take tax dollars that could be spent on education and waste it on overpriced wind and solar power and gigantic self-perpetuating bureaucracy’s  like CARB who can piss away tax money faster than a drunk sailor on shore leave.

Secondly, we’re not the number one polluter on the planet anymore, China just got that honor, India probably isn’t far behind.  Now I ask what good is us spending all this money to reduce CO2 when the China and India pump it out in droves? That’s about as stupid as California’s carbon regulations being implemented.  All they will do is drive up the cost of business in California and drive out what businesses haven’t left already. If you manufactured goods in California why would you want to stay here and pay more when you can move next door to Nevada or Arizona and save a huge bundle of cash, not to mention not having to deal with the bureaucrats in Sacramento? Much of the air pollution in California blows across the Pacific Ocean from China.  I’ve read as much as 1/3 of it is created in China. So, I’m supposed to pay more for groceries, gas, and electricity when it’s not even going to get rid of as much as 1/3 of the pollution?  Now that’s CO2 Insanity!

I hope that “sex-crazed poodle” Al Gore and all his carbon trading butt buddies lose a lot of sleep over this and that they lose a lot of money.  It’s about time they get screwed instead of us for a change.

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1 Comment

Filed under Carbon Trading, Co2 Insanity, Government, Obama, Politics, pollution, Renewable Energy, Science

One response to “RIP CARBON TRADING

  1. SID

    I Slightly disagree when you say carbon trading has been falling down from recent times. Renewable sources of energy are going to be very useful ahead as environmental depletion is at its height. We should already find an alternate for electricity and Oil/Gas.