tag:blogger.com,1999:blog-5200276.post6594383956360463039..comments2023-12-28T06:30:48.808-05:00Comments on The Rule of Reason: McCain and Lieberman: the Smoot & Hawley of our generationUnknownnoreply@blogger.comBlogger3125tag:blogger.com,1999:blog-5200276.post-56626382445660620172007-02-17T20:21:00.000-05:002007-02-17T20:21:00.000-05:00http://postmanpatel.blogspot.com/2007/02/eu-dont-a...http://postmanpatel.blogspot.com/2007/02/eu-dont-agree-on-global-warming-targets.html<BR/> EU Don't Agree on Global Warming Targets - but do agree on Biofuels.<BR/>http://postmanpatel.blogspot.com/2007/02/carbon-black-hole-gets-bigger-and.html<BR/> <BR/>Carbon Black Hole gets bigger and better - Financial PR gets into top gear<BR/><BR/>Recent Posts that might be of interest.<BR/><BR/>For a handle on how Wall Street is getting excited follow Climate Exchange who own the Chicago CCX exhange which Goldman Sachs has bought into.<BR/><BR/>Especially compare their share price . NEV, and they have never traded or made a profit.... and are based in the Isle of Man.zizhttps://www.blogger.com/profile/15249645812407323273noreply@blogger.comtag:blogger.com,1999:blog-5200276.post-52013545739986644052007-02-15T13:46:00.000-05:002007-02-15T13:46:00.000-05:00Also worth noting:"But, had America and Australia ...Also worth noting:<BR/><BR/>"But, had America and Australia signed on to Kyoto, and had Canada and Europe complied with it instead of just pretending to, by 2050 the treaty would have reduced global warming by 0.07C -- a figure that would be statistically undetectable within annual climate variation. And, in return for this meaningless gesture, American GDP in 2010 would be lower by between $97 billion and $397 billion -- and those are the U.S. Energy Information Administration's somewhat optimistic models. <BR/> And now Jerry Mahlman of the National Center for Atmospheric Research says "it might take another 30 Kyotos" to halt global warming. Thirty times $397 billion is... er, too many zeroes for my calculator. <BR/> So, faced with a degree rise in temperature, we could destroy the planet's economy, technology, communications and prosperity. And ruin the lives of millions of people. <BR/> Or we could do what man does best: adapt. You do the math." http://www.washtimes.com/commentary/20070211-102909-1378r_page2.htmAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5200276.post-35662370337776258902007-02-15T13:40:00.000-05:002007-02-15T13:40:00.000-05:00I makes me want to cry. I just read this from the ...I makes me want to cry. <BR/><BR/>I just read this from the WSJ:<BR/><BR/>"The cost of government intervention is always underestimated in the midst of political battles, while the benefits are always overestimated. Impeding the free market alters the course of economic activity in ways that cannot fully be understood in advance. For example, tax subsidies for using existing solar technology diminish incentives for research and development, just like welfare payments undermine the willingness of many recipients to work or go to school. Why give up a sure thing for a future that is uncertain?<BR/><BR/>The U.S. is subsidizing ethanol, which pulls billions of dollars of investment capital away from other areas of the economy. When government picks what it thinks should be the winner, it saps resources from other ideas and potential advancements. In the 1960s, the U.K. picked coal and steel, while Japan picked consumer electronics, motor vehicles and exports. The U.K. was wrong. The Japanese got it right. But the odds of any government picking the right strategy, industry or technology are no greater than that of a single company or individual.<BR/><BR/>The power of a free market is that the odds of success are increased. With tens, or hundreds, of thousands of different entities researching, inventing, producing and distributing, successes not only multiply, but their profits generate resources that allow the economy to absorb the cost of mistakes and failure. It's called diversification. When one company fails, those closely involved are hurt, but not the entire economy. When government is wrong, millions suffer." -http://users2.wsj.com/lmda/do/checkLogin?mg=wsj-users2&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB117142605260108183.html%3Fmod%3Dopinion_main_commentariesAnonymousnoreply@blogger.com