Quote of the day...

...from Richard Lindzen on climate change, corruption and economic meltdowns...

...When an issue like global warming is around for over twenty years, numerous agendas are developed to exploit the issue. The interests of the environmental movement in acquiring more power, influence, and donations are reasonably clear. So too are the interests of bureaucrats for whom control of CO2 is a dream-come-true. After all, CO2 is a product of breathing itself. Politicians can see the possibility of taxation that will be cheerfully accepted because it is necessary for ‘saving’ the earth. Nations have seen how to exploit this issue in order to gain competitive advantages. But, by now, things have gone much further. The case of ENRON (a now bankrupt Texas energy firm) is illustrative in this respect. Before disintegrating in a pyrotechnic display of unscrupulous manipulation, ENRON had been one of the most intense lobbyists for Kyoto. It had hoped to become a trading firm dealing in carbon emission rights. This was no small hope. These rights are likely to amount to over a trillion dollars, and the commissions will run into many billions. Hedge funds are actively examining the possibilities; so was the late Lehman Brothers. Goldman Sachs has lobbied extensively for the ‘cap and trade’ bill, and is well positioned to make billions. It is probably no accident that Gore, himself, is associated with such activities. The sale of indulgences is already in full swing with organizations selling offsets to one’s carbon footprint while sometimes acknowledging that the offsets are irrelevant. The possibilities for corruption are immense. Archer Daniels Midland (America’s largest agribusiness) has successfully lobbied for ethanol requirements for gasoline, and the resulting demand for ethanol may already be contributing to large increases in corn prices and associated hardship in the developing world (not to mention poorer car performance). And finally, there are the numerous well meaning individuals who have allowed propagandists to convince them that in accepting the alarmist view of anthropogenic climate change, they are displaying intelligence and virtue For them, their psychic welfare is at stake.
With all this at stake, one can readily suspect that there might be a sense of urgency provoked by the possibility that warming may have ceased and that the case for such warming as was seen being due in significant measure to man, disintegrating. For those committed to the more venal agendas, the need to act soon, before the public appreciates the situation, is real indeed. However, for more serious leaders, the need to courageously resist hysteria is clear. Wasting resources on symbolically fighting ever present climate change is no substitute for prudence. Nor is the assumption that the earth’s climate reached a point of perfection in the middle of the twentieth century a sign of intelligence. More here...