Paraphrasing Oscar Wilde, the great nineteenth century author, blind ambition represents the last stand of abject failure. His observation was intended for individuals but can be applied to social movements, nations, scientific inquiry or just about anything where deluded thoughts are applied to physical reality. More notably, free markets, representing rational thought, a principal that the United States constitution was crafted, serves as the ultimate arbiter of economic relevance. Few sectors of the economy have been treated more harshly by free markets than the unbridled promise cap and trade. Price action of the exchange traded fund with the ticker symbol GRN is a fine example of what is playing out with extreme global alarmism. Its price has dropped about 80% is shockingly short time span The tactic earmarking oil companies for an Al Gore lead assault on profits has officially crashed and burned as oil prices have fallen.

The inefficiency and ultimate failure by the charade of “moral hazard” lead policy initiatives, is now revealed, even as the bellowing alarmists rant and Al Gore sweats before Congress. In an investment climate that has universally rejected any form of leverage and in fact where an estimated 30 trillion dollars of swap credits are unwinding, becoming worthless, the alarmists with socialist leanings and their enabler main stream media conglomerates simply don’t understand that the climate golden goose has indeed laid an egg. They don’t recognize the brilliance inherent within financial markets that discounts nonsense and allows capital in strong and intelligent hands to adjust swiftly to unmerited punitive measures by withdrawing the punch bowl from those that would have us “drink the cool aid”. Ironically, it likely the very leftists themselves that attempted to use the free market system to position themselves for a policy lead windfall that has indeed vanished. Only platitudes and delusions remain for the new and true deniers of the truth the market is telling, regarding the relevancy of punitive carbon policy.

The debut of several carbon credit ETFs and their corresponding derivatives highlight the power of the marketplace and superiority of reason over insanity. Of particular note is the debut of a fund with the ticker symbol GRN. Not only did this fund debut in July at the very peak of oil prices, it occurred at the beginning of the possible capitulation phase of the overall stock market and unwinding of the massive swap credit sector accelerated and the price of oil plummeted, reducing the collateralization

The Obama administration efforts to alter both the accounting principle of mark to market and reinstate the uptick rule for short sales, is deepening the process. The downward spiral is accelerating as the fund drops. Indeed, it is evident from the funds price chart, with numerous days beginning the day gap down” that panic selling is occurring. Indeed, the ETF has lost nearly half its value in the last month alone. With the failure of a large biofuel concern in South Dakota last summer and abandonment of various windmill projects global, it is difficult to fathom any rational investor drinking the alternative energy Kool Aid by providing capital for any ill conceived green schemes.

"The common enemy of humanity is man. In searching for a new enemy to unite us, we came up with the idea that pollution, the threat of global warming, water shortages, famine and the like would fit the bill. All these dangers are caused by human intervention, and it is only through changed attitudes and behavior that they can be overcome. The real enemy then, is humanity itself.” The Club of Rome, premier environmental think-tank and consultants to the United Nations.

We all want to be wise and careful stewards of the beautiful planet we call home. However, certain aspects of the modern green movement that is permeating every segment of our society are not about protecting the environment. You don’t have to dig very deep to discover the true beliefs of the influential leaders who are using genuine concerns about the environment to promote an agenda of fear and control. Please carefully consider the implications of the opinions that they so openly and freely express.

See many more scary quotes from the Club or Rome and others all referenced here.

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Bakersfield College professor of geology and physical science Natalie Bursztyn weighs in “...Humans are going to die out anyway. The less concerned we are about it, the sooner we’ll die off and the more rapidly the Earth will be able to repair itself. If, however, we want future generations of humans to continue to thrive on this green Earth, we’d damn well better be concerned about it because it’s not going to stay green under our current energy-land-sucking lifestyles.

Can we really stop it? Again, yes and no. Yes, if everyone, today, immediately ceases to a) eat meat and b) drive. Is that going to happen? No. Why would that help? A) The meat industry uses a tremendous amount of energy in production, and believe it or not, cows, to the incredible population extent that we farm them, are insanely high producers of another greenhouse gas: methane. B) Driving, be it propane, diesel, gasoline or electric cars, consumes fossil fuels and outputs greenhouse gases. Electric? But they’re zero-emission vehicles! But, where do we get that electricity? Here, despite the commercials seen on TV, most of electricity comes from coal-burning power plants. So can we really stop it? I don’t think so.

I am highly skeptical that the majority of first-world people would be willing to trade in their lifestyles of luxury and privilege for a few more centuries of time on planet earth.”

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I had missed this idiotic comment from alarmist Susan Solomon: “I think you have to think about [carbon dioxide] as more like nuclear waste than acid rain: The more we add, the worse off we’ll be,” NOAA senior scientist Susan Solomon told reporters in a conference call. “The more time that we take to make decisions about carbon dioxide, the more irreversible climate change we’ll be locked into.”

Marc Morano adds: “Solomon appears to want to join nuts like Romm with this type of silliness. Imagine if school kids were taught CO2 is akin to nuclear waste! The madness!”

See also Paul Chesser’s Spectator piece All Seriousness Aside here.

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Hundreds Attend GW Protest

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Abstract:

For a variety of inter-related cultural, organizational, and political reasons, progress in climate science and the actual solution of scientific problems in this field have moved at a much slower rate than would normally be possible. Not all these factors are unique to climate science, but the heavy influence of politics has served to amplify the role of the other factors. By cultural factors, I primarily refer to the change in the scientific paradigm from a dialectic opposition between theory and observation to an emphasis on simulation and observational programs. The latter serves to almost eliminate the dialectical focus of the former. Whereas the former had the potential for convergence, the latter is much less effective. The institutional factor has many components. One is the inordinate growth of administration in universities and the consequent increase in importance of grant overhead. This leads to an emphasis on large programs that never end. Another is the hierarchical nature of formal scientific organizations whereby a small executive council can speak on behalf of thousands of scientists as well as govern the distribution of ‘carrots and sticks’ whereby reputations are made and broken. The above factors are all amplified by the need for government funding.

When an issue becomes a vital part of a political agenda, as is the case with climate, then the politically desired position becomes a goal rather than a consequence of scientific research. This paper will deal with the origin of the cultural changes and with specific examples of the operation and interaction of these factors. In particular, we will show how political bodies act to control scientific institutions, how scientists adjust both data and even theory to accommodate politically correct positions, and how opposition to these positions is disposed of. Read updated paper (A MUST READ) here.

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SPPI SCAREWATCH: ARCTIC WARMING IS UNPRECENTED
By The Viscount Monckton of Brenchley

CLIMATE CHANGE YOU CAN BELIEVE IN
By Marc Sheppard

And from the Internet Skeptic

Hey everyone, “Ridin the Wave” with Dave has a post presentation interview of the recent Global Warming Presentation. It is nice to see people in the media are finally starting to take on this issue, and address the real science. If you are a member of a civic organization, Jym has a great presentation debunking GW, and of course I am always willing to give my presentation as well. For those of you who don’t know who Jym Ganahl is, he is the Channel 4 Meteorologist.

Jym Ganahl and Bob Wagner post presentation interview.

If you are interested in this topic, we have a YouTube Site with more videos. Some of the videos have been highlighted by the US Senate’s EPW Minority Report, Junk Science.com, Daily Tech and The National Review.

Heartland Institute media monitors have noted on several occasions that climate-change alarmists are finding it increasingly difficult to maintain their position that human activity has warmed Earth to crisis proportions.Polar bears keep growing in numbers, Antarctic ice keeps expanding, deserts keep receding, temperatures keep easing, the ranks of science skeptics keep multiplying. It’s tough to scare people with that kind of sound-science evidence.

Now the folk at DeSmogblog - created like so many alarmist sites for the sole purpose of attacking conservatives, libertarians and global warming skeptics - is getting really worried.DeSmogblog toted up the 2008 online battle this way: References to “global warming” and “hoax” soared 125 percent to 49,719 citations in 2008; GW and “lie” jumped 101 percent to 100,770; “alarmist” increased 97 percent to 27,298, and “skeptic” (our favorite) rose 93 percent to 73,956 citations."We’re also seeing more people than ever using the internet as their main source of news and information,” DeSmogblog posted recently. “Legislators are going to be very hard pressed to implement strict new greenhouse gas regulations if almost a majority of the public believes that climate change has nothing to do with human activity.” Ya think?

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And finally, Winter in Scituate, MA 2008/09

By Meteorologist Tim Kelley

These are noon shots from ‘Vermont Like’ Scituate MA Jan 20 2009.

I pray for Real Weather Data incorporated into the new Administration. My weather station is full of flaws, but better than many ‘Real Data’ instruments we use.

Truth is: -50F Maine last Week. Snowmen built for the first time in years in

London
Madrid
New Orleans
Houston
Las Vegas
Ventura County
Florence SC

and of course Scituate MA

The Ice in my Driveway is thick like Vermont. Burlington Vermont now at 60” snow so far, only 2” off pace of 07/08 103.5 record pace (62"last Year at this time).

The Real Light of truth is the Sun in the South. Sun & Sea.