Prop 23 Reality Check — Phantasmagorical Cap and Trade


‘Cap-and-trade is in fact a parody of a market, since it involves buying & selling a phantasmagorical non-commodity created by bureaucratic fiat’  ‘…and is thus open to infinite corruption and abuse. The EU trading system is in a shambles’

You can Read the Full Article,

Remember this phrase “phantasmagorical non-commodity” as CARB races to auction of the first round on this product in November. We will all be buying small shares as the price of products soar to cover the cost of companies forced to buy this “phantasmagorical non-commodity.”

The California economy is in the tank and we are all forces to buy phantasmagorical crap.   We are living in the worlds largest insane asylum!


About Russ Steele
Freelance writer and climate change blogger. Russ spent twenty years in the Air Force as a navigator specializing in electronics warfare and digital systems. After his service he was employed for sixteen years as concept developer for TRW, an aerospace and automotive company, and then was CEO of a non-profit Internet provider for 18 months. Russ's articles have appeared in Comstock's Business, Capitol Journal, Trailer Life, Monitoring Times, and Idaho Magazine.

3 Responses to Prop 23 Reality Check — Phantasmagorical Cap and Trade

  1. gjrebane says:

    You are spot on with the observation that “We are living in the world’s largest insane asylum!” It used to be the USSR, and now we’re playing catch-up and we’re in the lead.

  2. Sean says:

    I don’t know the details of California’s cap and trade but in Europe, I’ve heard that 46% of the offsets went to destroy a bi-product of HCFC refrigerant production that is thousands of times more potent a greenhouse gas than CO2. The money was so good making this biproduct that several companies in India and China set up refrigerant factories to harvest carbon offsets from destroying it. But I’m sure California won’t do that.
    Then there is the Drax power station in the UK that is going to be converted from coal to wood pellets. Let’s forget that it will take 2-3 times as much wood as it does coal to operate. The real kicker is it will take an area 4x the size of Rhode Island to have enough renewable timberland to keep the fires going in this one plant. I suspect a lot of those wood pellets will come from the US. Just think of the irony of the timber industry being shut down in the Pacific Northwest for the sake of spotted owl (even though it turned out to be it’s Canadian cousin that’s the real culprit for the spotted owl’s decline) and instead of our forests will be harvested to be burned for power.

  3. Arthur M. Day. says:

    The open air insane asylum is global. And if we send humans to Mars it will be a rarefied open air asylum also.

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