Market Update – Long Was Wrong On Carbon Credits

Seller's Gold Mine - Carbon Credits

(see contract rules below)

Al Gore was collecting commissions for the critical function of making a market in this BS, naturally, would be my guess.

Story: Doug Ross @ Journal Timing: NASA Warmist James Hansen’s Book Due Out Next Month

Put simply, these would-be oligarchs went long on the climate change scam, figuring nothing could stop the march to Eco-Socialism. They were wrong.

Intrade’s Cap-and-Trade contract — which gauges the likelihood of passage of a carbon tax bill — has dropped from $40 to an all-time low of sixty cents.

In other words, there’s a better chance that Gene Simmons will be the next Supreme Court Justice.

Hansen, Browner and Holdren are now, officially, walking one-liners. Every time one of them enters a room, sound a rimshot.

Here’s directorblue’s Review of Hansen’s book:

Its title — Dreams from my Sauna — was inspired by the famous incident in which Hansen was reportedly locked in a sauna for six hours. The after-effects of the episode left Hansen forever scarred, worried that his children and grandchildren would suffer a similar fate due to either climate change or a faulty door;-)

ROFLMAO.

the global climate is near tipping points

One-man climate catastrophe

Read the real book review here: Timing: NASA Warmist James Hansen’s Book Due Out Next Month

 

Cap-and-Trade Contract Rules

This contract will settle (expire) at 100 ($10.00) if a cap and trade system for carbon emissions trading is established in the United States before midnight ET on the date specified in the contract.

The contract will settle (expire) at 0 ($0.00) if a cap and trade system for emissions trading is not established in the United States before midnight ET on the date specified in the contract.

A cap and trade system will be considered established once federal legislation authorising the creation of such a system becomes law, as reported by three independent and reliable media sources. Emissions trading under the system does not need to begin for the contract to be expired.

For purposes of this contract a cap and trade system is considered to be:

A system that requires some or all companies operating domestically in the United States to purchase transferable allowances for the emission of carbon pollutants, with the total allowances not to exceed a federal government mandated cap.

Due to the nature of this contract please also see Contract Rule 1.7 Unforeseen Circumstances.

The Exchange reserves the right to invoke Contract Rule 1.8 (Time Protection) if deemed appropriate.

Any changes to the result after the contract has expired will not be taken into account – Exchange Rule 1.4

Please contact the exchange by emailing help@intrade.com if you have any questions regarding this contract before you place a trade.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: