Traders enter temple

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Last updated on July 13th, 2017 at 12:59 pm

Demands fly at the UN’s carbon church:

China insisted Friday the U.S. and other wealthy nations should bear the burden of curbing global warming, saying the problem was created by their lavish way of life.

Aiming to maintain that lavish way of life, carbon capitalists circle their unwary prey:

Traders are already betting on a new global climate deal to succeed the Kyoto Protocol, as talks in Bali on Friday inched towards a two-year negotiating agenda for an expanded global climate pact.

Financiers are buying rights to emit planet-warming greenhouses gases after present Kyoto commitments expire in 2012, hoping that countries will agree to new, tougher emissions limits—and drive demand for such permits.

“It’s a great bet,” said one trader attending the talks on the tropical Indonesian island. The new, more speculative offsets came at a substantial discount, the trader, who declined to be named, added.

Gaia is displeased:

A 5.9-magnitude earthquake struck off Bali on Friday, where it rocked a conference centre hosting more than 10,000 delegates for a key UN climate change summit.

Posted by Tim B. on 12/08/2007 at 03:25 AM
    1. Heed Gaia.  Make deeper cuts!

      Posted by anthony_r on 2007 12 08 at 03:40 AM • permalink


    1. Why should any exceptions be made for China.Just because they chose to hang on to that communist rubbish and screw their own people and country. Now we are supose to feel sorry for a bunch of crooks. Not me.

      Posted by raider580 on 2007 12 08 at 03:47 AM • permalink


    1. The banks will love it. Hi Tim tam xx

      Posted by 1.618 on 2007 12 08 at 03:56 AM • permalink


    1. Why do I have the feeling carbon offsets are bound to suffer the same fate as another mania?
      As to the Chinese, maybe they’re right.
      Maybe we should curb our lavish lifestyle which is financing China’s socio-economic leap forward.
      The burgeoning market for cheap plasma TVs and Bindeez in Burkina Faso should pick up any export shortfalls…

      Posted by lotocoti on 2007 12 08 at 04:36 AM • permalink


    1. I tell you, people will fall for anything if they think there’s a market for it…

      Incidentally, anyone want to buy my surplus Beanie Babies?  I’m selling by the pound…

      Posted by Vexorg on 2007 12 08 at 04:50 AM • permalink


    1. As I pointed out recently at my blog there is no better proof that CO2 is not a danger to the world than the fact that China, India etc are not being forced to reduce their emissions.

      If it was lead or mercury then it’d be a different matter…

      Posted by Jack Lacton on 2007 12 08 at 04:59 AM • permalink


    1. Apologies, but apropos of nothing and to recap., Dr. Craig Loehle, a Ph.D.mathemetician, has produced a reconstruction of the average global temperatures based on a great variety of various reconstructions based on a variety of prioxies.

      Now compare that with the equivalent known as the
      ‘hockey stick’
      graph, included in the IPCC 2001 report and based on the infamous Michael Mann (RealClimate) reconstruction and reproduced widely.

      No comment.

      Posted by chrisgo on 2007 12 08 at 05:35 AM • permalink


    1. Ah those cunning Chinese: they must look at these gweilo climate clowns in much the same way P. T. Barnum looked at the crowds flocking to his show.  Wasn’t it Deng Xiaoping who said “To get rich is glorious” ?

      Posted by cuckoo on 2007 12 08 at 06:19 AM • permalink


    1. Has anyone said that China’s (and India’s) excessive population is an indulgence the planet cannot afford? Won’t be long, surely.

      Posted by blogstrop on 2007 12 08 at 06:25 AM • permalink


    1. Very interesting, chrisgo. I’m sure our msm will be right on it, led by snow cone Tone, who will fly to London to discredit the author. It’s his duty!
      Middle Ages Warming Period?
      Rubbish! Just a nasty rumour by denialists.
      What Mini Ice Age?
      Solar activity declining, cooler temps, rain increasing?
      Just Weather!

      Posted by blogstrop on 2007 12 08 at 06:38 AM • permalink


    1. I thought Bali was already under 500mm of water due to rising sea levels!

      Posted by Penguin on 2007 12 08 at 06:42 AM • permalink


    1. “It’s a great bet,” said one trader …

      Posted by blogstrop on 2007 12 08 at 07:23 AM • permalink


    1. I have 25,000 shares of this. Any buyers? It’s a great bet.

      Posted by dean martin on 2007 12 08 at 07:32 AM • permalink


    1. the list of hypocrites

      Posted by missred on 2007 12 08 at 07:53 AM • permalink


    1. #7 Chrisgo, just spent the last couple of hours going through that thread. Man, those guys will argue for days. I’m going to sound like a groupie here, but isn’t Ernost awesome? (Even – especially!- the wine-sack musings). Luke and Ender can cite more studies than me (I’ve read only a few of the main ones that filter down and rely probably too much on blogger summaries), but their underlying logic remains, ahem, “unsatisfactory” and not “robust”. In the end, they’re trying to say “We’ve got the theory, there’s some data behind it which lots of people are excited about, so we’re calling it proof, and we won’t listen to you until you can prove how all the factors which go into past and present climate change work.” Ernost and Co reply “You have a theory, it’s no where near proof, there’s all this data which contradicts it and no, we don’t know what all the factors are and how exactly they work in together, which is why you shouldn’t be trying to scare the pants off everyone with your Enhanced Greenhouse Gas theory.”

      I’d post it on their site, but they’ll just turn their noses up and link me to some peer-reviewed paper on something.

      Posted by Dminor on 2007 12 08 at 08:07 AM • permalink


    1. An earthquake in Bali, right under the confrerence?
      That Gaia. She’s such an ungrateful bitch.

      Posted by SwinishCapitalist on 2007 12 08 at 08:37 AM • permalink


    1. #2 Recently I lived for two years in Shanghai so I have some knowledge of China.  Crooks perhaps but Communist ???.  For all practical purposes China has abandoned communism.  The only people who believe in Communism are your usual obnoxious obsolete ossified academics and the ABC.

      Posted by Lefty Wobbling Right on 2007 12 08 at 08:44 AM • permalink


    1. (Wronwright shuts down the earthquake machine, buried miles below the earth’s crust.)

      Okay, that should shake and rattle a few carbon warministas.  Good.  Good.

      (He thinks about the Japanese weather machine, currently entrusted to that brownie noser Michael Lonie)

      Karl will take away the key to this baby from my cold … dead … hands.  Uh, maybe I should rephrase that.

      Posted by wronwright on 2007 12 08 at 09:42 AM • permalink


    1. Just lettting anyone know who gives a shit, I’m back in town and on a serious booze tournament due to my often regretted profession choice; I’ve finished a stint in FNQ, and was waiting for ADF recruiting to give me the nod- they did, the day after I signed a contract that tied me up until the new year, while I did fuck-all for two weeks.

      Little wonder they’re hard up for recruits when they fuck you around more than the French railway booking system.

      Anyway I’ve got my offer of appointment so they’ve decided I’m not about to kark and lead to another national embarrassment (fat necon idiot thinks he can kill sand goblins by remote, vapour-locks on asault course).

      Waiting for the fuckers to give me a firm date (no naughty double-ententdres to matelots out there) and I’m in as an officer cadet in the Royal Australian Air Force, and as a 47-48 yr old git I’m happpier than a truckload of dead babies.

      Now got to pass the training at OTC Pt Cook.

      Posted by Habib on 2007 12 08 at 10:32 AM • permalink


    1. Hey, c’mon guys… a billion Chinese can’t be wrong. And the UN just wants what’s best for everybody. This isn’t about religion or economics. It’s not even about polar bears.

      It’s about what lies deep inside the heart of man… and… um… um… other gushing superlatives that you rotten Death Beasts could never understand!

      As for Michael Lonie, at last he’s noticed all the A-list actresses, models and beautiful girls who gape at him and blush.  Now, all he can think about is how he can regain the proprietary rights to his original weather control technology from the clutches of Paco Seismic Geomagnetics Inc.

      Posted by splice on 2007 12 08 at 10:35 AM • permalink


    1. #19 Habib, don’t let the lives of a truckload of dead babies be lost in vain.

      OTC Pt Cook is all yours, mate. Best of luck!

      Posted by splice on 2007 12 08 at 10:49 AM • permalink


    1. Was supposed to enlist yesterday, some dickhead rang me to say i have to run the fitness test same day they called me while i was head down and arse up with getting containers off our wonderfully union-free wharfs.

      I politely (as only an offficer candidate can do when dealing with NCOs) suggested they fucking tell me next time, and give me two weeks notice.

      This has been harder than joining a paeodphile ring- I know you don’t really want old farts in the ADF, but you should admit it.

      Posted by Habib on 2007 12 08 at 11:02 AM • permalink


    1. Doesn’t global warming cause earthquakes and tsunamis? I’m sure I read that somewhere in the MSM.

      Posted by andycanuck on 2007 12 08 at 11:42 AM • permalink


    1. You can read all you like, Jimmy, but we dreadful members of the defence forces of the “free world” look after those aberations, to keep Kevni in power.

      Posted by Habib on 2007 12 08 at 11:52 AM • permalink


    1. SNAFU, Habib.  It’s the military way.

      Posted by RebeccaH on 2007 12 08 at 11:54 AM • permalink


    1. As for that global warming conference nonsense in Bali, that’s just about money and how much they can squeeze out of the gullible and unsuspecting.

      Posted by RebeccaH on 2007 12 08 at 11:56 AM • permalink


    1. chrisgo, thanks for the link, it was a fascinating graph.  But I think that I’ll forego reading the comments, after I saw that Ender is still pushing his emotionally driven, warm and fuzzy arguments…..with his head firmly up his bum.

      Good luck, Habib!  And from one old fart to another, a small suggestion for PT: control your breathing, deeply in, deeply out.  You may not achieve a perfect score, but you will finish because your muscles won’t be starved for oxygen.

      My apologies if I am preaching to the choir.

      Posted by The_Real_JeffS on 2007 12 08 at 11:58 AM • permalink


    1. Still the queen king.

      Posted by andycanuck on 2007 12 08 at 12:14 PM • permalink


    1. Thanks for the advice- just got home from the Christmas party of my wife- kept low progress until I found a fellow bourbon affecionado-
      Now drinking gin, need to go to the fart sack.

      Posted by Habib on 2007 12 08 at 12:17 PM • permalink


    1. G’day Habib,

      don’t worry too much about the PFT – for air force, it’s a 5km walk in 45 minutes.

      Good luck with OTS.

      Posted by Young and Free on 2007 12 08 at 04:54 PM • permalink


    1. Habib – the Army is worse – I know a 23 year old who tried for years to get in. Outdoors type, rides horses, treks, fearless, smart. Uni degree. No go.

      Posted by blogstrop on 2007 12 08 at 05:18 PM • permalink


    1. #23 No, but maybe the other way around. Undersea volcano activity heating up the waters. There’s been nearly a 100% increase in 2.0-5.9 magnitude earthquake activity since 2000 (hat tip, Arnost). I guess in a Warmist’s eye, this automatically means GW causes earthquakes, but the reverse sounds more likely.

      Posted by Dminor on 2007 12 08 at 05:47 PM • permalink


    1. Looks like Rudd, too, is gambling on the outcome of the post Kyoto deal. At a cost of maybe $2bn of our money he has bought a few minutes of international adulation at Bali. Has the most expensive hand job in history.

      But he doesn’t seem half as keen to sign up to a post-Kyoto deal that will gut the union movement by closing the coal industry. Think he is betting that

      1. China and India won’t sign;
      2. The President Hilary Clinton won’t sign because the US doesn’t have a snowball’s chance of meeting targets; or
      3. Climate change will be exposed as either a huge mistake (sorry, hit the wrong button on the calculator, says IPCC) or a scam (no extradition treaty with Zaire, says Gore’s lawyer).

      The revelation this week that Howard lost a lot of votes in the mortgage belt has shown Labor that the electorate didn’t switch governments because it was passionate about fluffy issues such as climate change. It was hip pocket issues such as rising interest rates and industrial relations laws that brought down the Libs.

      All those pathetic lefties on the ABC who keep rabbiting on about a change in the mood of the nation to a more caring and sharing society are deluding themselves. It’s feed the greed and Labor knows it.

      Posted by Contrail on 2007 12 08 at 05:53 PM • permalink


    1. Screw global warming, screw Kyoto. Screw Al… okay, skip the last one.
      The Real Issue confronting Australia is the gross inequity of the world’s Margot distribution.We got this Margot.

      Somebody else got this Margot.

      FFS! Talk about injustice!

      Posted by SwinishCapitalist on 2007 12 08 at 06:02 PM • permalink


    1. Habib, I believe it’s the shuttle run which is the real killer.

      Posted by lotocoti on 2007 12 08 at 06:40 PM • permalink


    1. Earthquake? Wasn’t it the vibrating conference beds that set the ground shaking?

      Posted by gin&tonic on 2007 12 08 at 08:42 PM • permalink


    1. All these clowns are forgetting that, economically, when the USA sneezes they all catch colds.  Gut the USa economy, and the rest of the world will be in another Great Depression quicker than you can say “Gaia Vult!”

      Posted by Michael Lonie on 2007 12 08 at 09:35 PM • permalink


    1. Shuttle for the AF is level 6.5, army 7.5- 46 shuttles over 20m in 5.40, 920 metres. I can probably do it easy if i haven’t been on the piss and gaspers the evening before, but they run every thing in the city and it’s a whole day down the dunny every time i go in. It’s a real pain in the arse they can’t either do it in one hit or do it at Amberley- it’s a shitload further but going into town for anything but a pissup shits me to tears (and costs me as well- I’m charging A$80/hr at the moment so farting around in a foyer at ADF recruiting is painful to m purse).

      Posted by Habib on 2007 12 08 at 10:09 PM • permalink


    1. So the Gordon Geckos are alive and well and holidaying in Bali?

      Obviously “Greed is still Good”

      Posted by watty on 2007 12 08 at 11:20 PM • permalink


    1. Sorry Traders!
      All bets are off. Serious errors discovered in IPCC Report.
      I await a special program on the ABC covering this (snort!).

      Posted by blogstrop on 2007 12 08 at 11:40 PM • permalink


    1. #40. Didn’t think my prediction at #33 would be fulfilled quite that quickly.

      Posted by Contrail on 2007 12 09 at 12:09 AM • permalink


    1. Who is selling these fiat credits? There’s no agreement in place yet, so I fail to see who has authority to sell offsets. Did someone just announce that they were in charge and start racking in the dough?

      Posted by Nathan on 2007 12 09 at 02:09 AM • permalink


    1. (With apologies to the author of The Music Man)
      Well either you are closing your eyes to a situation you do not wish to acknowledge, or you are not aware of the caliber of disaster indicated by the presence of a climate change convention in your community.
      Well, you got trouble my friend. Right here, I say, trouble right here in River City. Why sure I’m a carbon credits player, certainly mighty proud to say, I’m always mighty proud to say it. I consider that the hours I spend with a carbon credit in my hand are golden. Help ya cultivate horse sense, and cool head and a keen eye. Did you every take and try to give an ironclad leave to yourself from an international emissions game? But just as I say it takes judgement, brains and maturity to score in a climate game, I say that any boob, can take and sell a credit to a moonbat. And I call that sloth, the first big step on the road to the depths of degreda – I say first, medicinal wine from a teaspoon, then beer from a bottle. And the next thing you know your son is playing for money in a pinch back suit and listening to some big out of town jasper here to talk about renewable energy. Not a wholesome open cut coal mine, lake and Munmora Power Station, no, but a talk where they are really down on fossil fuels! Like to see some Windmills across the scenery in your district? Make your blood boil? Well, I should say. Now friends, let me tell you what I mean. Ya got one, two, three, four, five, six developing nations on the make. Nations that don’t care about the difference between a sustainable population and three shift a day industry fodder Expendables with a capital E and that rhymes with C and that stands for Climate Change.
      And all week long your River City youth will be fritterin’ away I say your young men will be fritterin. Fritterin away their noon time, supper time, chore time too. Get the carbon in the sink, never mind getting dandelions pulled or the screen door patched. or the beef steak pounded. Never mind pumping any water till your parents are caught with a cistern empty on a Saturday night and that’s trouble. Yes you got lots and lots of trouble. I’m thinking of the kids in the knickerbockers, shirt tailed young ones. Peeking in the Greenpeace window after school. You got trouble Folks! Right here in River City. Trouble with a Capital T and that rhymes with C and that stands for Climate Change.
      Now I know all you folks are the right kind of parents. I’m going to be perfectly frank. would you like to know what kind of conversation goes on while their loafing around in that public meeting? They’ll be trying out arguments, trying out “targets”. And bragging ‘bout how they’re gonna cover up a tell-tale costs with Stern-Stern. One fine night, they leave the convention, heading for the dance at the resort, libertine men and scarlet women. and ragtime, shameless music that will drive your son, your daughter to the arms of the jungle, animal instinct, mass ‘steria. Friends the idle brain is the devils playground. Trouble!
      Mothers of River City. Heed that warning before it’s too late! Watch for the telltale signs of corruption. The minute your son leaves the house, does he rebuckle his knickerbockers below the knee? Is there a Greens Party ticket in his back pocket? Is he starting to memorize lines from Midnight Oils songs? Are certain wooooords creeping into his conversation? Words like carbon footprint? If so my friends. . .ya got trouble!

      Posted by blogstrop on 2007 12 09 at 03:52 AM • permalink


    1. #42. You were right Contrail. More scientists exhibiting contrariness about temperatures here.

      Posted by blogstrop on 2007 12 09 at 07:06 AM • permalink


  1. Blogstrop; Thanks for the chance to link to Meredith Willson’s Music Man.

    Posted by dean martin on 2007 12 10 at 03:38 AM • permalink