Carbon tax = energy tax. Don’t we have enough energy taxes already? Do you think DOE (or the Congress) can make better use of your $ than bankers investing it in energy projects?
This CO2 carbon tax thing is growing old fast. First, it’s warming winters and cooling off summers, saving energy on both counts. This trend is clearly visible in the 70-year temperature plots of Mt. Washington data. Also, the warmer winters (global warming) are very slight, as we all know. Ironically, scientific theory says that diverging winter (warming) and summer cooling is the sign of an ice age. If so, we have been in one for the 70 years of accurately recorded temperatures atop Mt. Washington. And it is snowing more in Greenland and Antarctica; I guess that's what happens with warmer winters, more air moisture = more snowing.
Clearly, the impact of CO2 emissions on warming has yet to be established. We all know about the repeating 100,000-year 12 degree C change in earth’s temperatures from the ice core data representing over 400,000 years. And the cycles all look alike too, why? This year, a Dartmouth scientist reported he discovered a 100,000-year sun magnetic field cycle, never known to exist before, that appears to correspond to this 100,000-earth temperature cycle. Higher field strength emits more sun energy. Now I’m starting to feel comfortable the exact nature of those wrenching temperature cycles can and will be explained scientifically. As for present climate models explaining this 100,000 year temperature cycle (which we have no control over whatsoever), forget it. It will get colder, we will have another ice age, and we won’t be living in Canada and New England then. I’d not put any stock in present climate models whatsoever. The so-called “facts” and estimates used by the alarmists and present climate model scientists are slowly being debunked.
As the true science on warming slowly comes out, I think many people are going to have a heap of egg on their faces. They won’t live this CO2 fiasco down easily. It is compromising the environmental movement and focus needed on energy investments. That’s why the egg coating will be so thick; these people will have a lot to answer for. I’m all for energy efficiency, but for the right reasons and with a bankers focus. I think it’s getting clearer what that should be.