Thank you Dr. Lindzen for saving us from the Gorecle. In another posting on FR, Dr. Linszen made the same point I have been making for quite some time.
Global warming is the next internet bubble, the next sub-prime mortgage scheme. It is pseudo science being used by the likes of Goldman Sachs to ‘sell’ the public ‘carbon credits’ and thus enrich themselves in the process.
One should ask why Al Gore waited until he was not Vice President to become a crusader for global warming? Why was he not pounding his fist that the uSA pass the Kyoto Treaty when Bill C was POTUS?
Enron was meeting with Clinton i nthe White House to pass Kyoto. The Enron boys had the carbon credit scam down way before Wall St and Goldman Suchs figured out that you could con people into buying air which cost nothing and results in 100% profit. People should ask if Enron was taken down by the powers that be just because they stood in Wall Sts way on the carbon credit scheme.
The damage Enron caused our economy through their energy games is like a shoplifter at the local 7/11 compared to what Wall St did with the mortgage mess. Yet, the Enron boys are dead or in jail, and the Wall St boys have been bailed out and Goldman Will give BILLIONS in bonus payments this year.
Lindzen has exposed the corrupt Wall St boys and the fallacy of their UN socialist AGW baloney. Will the public listen and punish Goldman and the boys? I doubt it since when they leave Goldman they become Gov’s (Corzine), or work for Obama (Summers, et al)
By all rights, there should be Trials held on this, and across several Nations, these inglorious bastards are guilty of perpetrating a hoax on a global scale.
Trials... judges and juries, and JAIL TIME.
Not holding my breath, but thats what should happen.
“The Enron boys had the carbon credit scam down way before Wall St and Goldman Suchs figured out that you could con people into buying air which cost nothing and results in 100% profit”
Interesting connections. I first came across an inkling of the same when learning a little about credit default swaps. The linkage was between highly educated math majors (in this case Cambridge and MIT women) who had cut their teeth in the financial world in credit trading schemes for oxides of sulphur and nitrogen post acid rain. Refinements of this experience were sold (albeit reluctantly as the story was told) to JP Morgan Chase as a means to enhance liquidity by shifting risk (on the books) to CDS’s, which essentially became a betting game, which we now know was a risky one indeed.