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Cap N Tax

Discussions about the economic and financial ramifications of PEAK OIL

Re: Cap N Tax

Unread postby ECM » Sat 27 Jun 2009, 04:51:39

$this->bbcode_second_pass_quote('kiwichick', 'f')inally some leadership from the US

its not enough and its too slow , its not perfect but it is a start

hopefully results will start to come though quickly

the right here in OZ has been using the same arguments here

in fact watching the flatearth republicans would be hilarious if they
weren't so dangerous

congrats to those who realize this is a global problem and that we all
face major change as we go over the peak


I consider this bill to be another weak and overly complex piece of garbage. This bill will allow a small number of people to make large sums of money at the expense of the majority. A carbon tax would have been much more fair and efficient while not having the profit motives and potential for loopholes that plague cap and trade.

The main city I live near just completed a new 200MW coal generator. The estimated costs was $516M due to the significant concessions made to environmentalists to keep them from delaying the project and driving up the costs. Essentially, two older generators will be shut down and the remaining ones were to be upgraded with new environmental controls. In addition contracts for 120MW of windpower were created and are expected to provide 18% of native power needs. The utility has also recently announced the ability for consumers to buy renewable energy credits, the process by which is to be detailed on their billing statements.

Links to information about the new Dallman 4 generator:
http://www.fmsbonds.com/pdfs/850578sy2.pdf
http://www.cwlp.com/electric_division/electricdiv.htm

The United States is not going to be getting rid of coal as its primary electricity source for a very long time, especially if it does not begin a nuclear replacement program with great haste. Any carbon taxes applied to the use of coal should go directly to making its use more efficient and cleaner. In addition, such taxes could be used to build green technology to transition away from coal. Cap and trade is not a strong enough system and I believe that it will fail to produce the needed results while costing more.
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Re: Cap N Tax

Unread postby odegaard » Sat 27 Jun 2009, 05:03:04

$this->bbcode_second_pass_quote('dohboi', 'U')mm, no, rationing happened in the UK and the US and many other non-dictatorships during WWII...
Congratulations, thank you for making my point!
Rationing can only be done during times of war or shortage for example the 70's oil crisis.
The only way to force people to ration when there is no shortage/severe economic stress (what you are advocating) is in a dictatorship.

Again my point still stands.
$this->bbcode_second_pass_quote('Ode', 'W')hat you just said can only be achieved in a dictatorship.
You've just proved my point. :mrgreen:
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Re: Cap N Tax

Unread postby deMolay » Sat 27 Jun 2009, 08:53:06

Looks like another 1500 page bill was forced through Congress without anyone reading what they were voting on. Obama Victory. http://www.theglobeandmail.com/news/wor ... le1199364/
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Re: Cap N Tax

Unread postby deMolay » Sat 27 Jun 2009, 08:55:28

From Comments attached to the article.............."Bold"; "Promising"; "historic"; "necessary"! With such lofty terms of praise for President Obama from the so-called free press, I doubt that he would need a campaign manager or for that matter the Democratic Party to back him up during the next election! I suppose any positive move no matter how slow and how impotent it may be is of some value. At least it is keeping those Congress people off the streets and gives them something to do over the summer! The fact is that this Climate Bill is TOO LATE!! US production over the past year has already plummetted about 16% over the last 6 months or so (in some sectors, it has gone down by as much as 24% or more). And guess what? Those industries that have suffered the most over this recession are those that pollute our environment the most.

As for the US government issuing a declining number of pollution permits which can in turn, be sold by the companies to each other...well, guess what? This is also in line with the rate at which some of these companies are also merging with each other!

So all in all, it's a "dud" bill that basically mirrors the flaws in the economic system. There is nothing new that it can hope to achieve. I suppose it does highlight one possible positive aspect of this economic downturn and that is...cleaner environment!

So, what can we expect a year down the road? A smiling, "fireside" talk by the President about how this Climate Bill has helped to cut down on pollution when in reality, this "dud" bill had nothing to do with it other than padding his portfolio. As for those Democrats in the House...all I can say is that, you have taken your name in vain.
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Re: Cap N Tax

Unread postby dohboi » Sat 27 Jun 2009, 09:35:56

So no one has found any established scientific bodies that deny AGW, and no one was able to question any of the basic components of AGW.

So I guess everybody on this thread is conceding that AGW is real and dangerous.

Thanks for that.

And in response I will concede that this is a deeply flawed bill that will mostly benefit Goldman Sucks and similar banksters who specialize in manipulating these kinds of shady trading deals.
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Re: Cap N Tax

Unread postby deMolay » Sat 27 Jun 2009, 09:49:33

Actually I think the general concenus is that you are deluded, that you have drank the Kool-Aid and are beyond anyones help. Most have learned to not bother debating Manmade Global Warming Zombies like yourself, because even when presented with facts you just continue foaming at the mouth. No one wants to inflame your condition. Besides that I think we all agree that this bill is seriously flawed.
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Re: Cap N Tax

Unread postby odegaard » Sat 27 Jun 2009, 10:56:18

$this->bbcode_second_pass_quote('Plantagenet', '')$this->bbcode_second_pass_quote('dohboi', 'A')gain, for lurkers: AGW is based on very basic, incontrovertable facts--
* insert blather *
You left out three other incontrovertible facts.

5. China, India and other developing countries are the main new sources of CO2 today. China itself is the #1 CO2 producer on the planet, and will roughly double its current level of CO2 production in only 12 more years.

6. Obama has ALREADY given in to Chinese demands that there be NO restrictions on Chinese CO2 production in order to protect the Chinese economy.

and

7. Chinese CO2 production is increasing so rapidly that the reductions in US emissions demanded by Obama and the dems will be swamped. There will be no impact on Greenhouse warming.

-------------

So the bottom line, at least according the dems and Obama, is that its OK to raises taxes on Americans and hurt the US economy, even if it has no effect on Greenhouse Warming, but its not OK to tax or hurt the Chinese economy. [smilie=bduh.gif]

Ladies and Gentleman watch as dohboi tap dances around the issues that Plantagenet has brought up and never answers them.
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Re: Cap N Tax

Unread postby highlander » Sat 27 Jun 2009, 12:49:33

From the latest hubris from congress

Technlogy and ethanol save us on the transportation side.(just like refrigeration saved us from salt wars) see below

Clean coal and nuclear for generating electricity to power all the replacement vehicles.

Lots of government expansion to make sure we are all following the rules.


SEC. 127. OPEN FUEL STANDARD.

(a) Findings- The Congress finds that--

(1) the status of oil as a strategic commodity, which derives from its domination of the transportation sector, presents a clear and present danger to the United States;

(2) in a prior era, when salt was a strategic commodity, salt mines conferred national power and wars were fought over the control of such mines;

(3) technology, in the form of electricity and refrigeration, decisively ended salt's monopoly of meat preservation and greatly reduced its strategic importance;

(4) fuel competition and consumer choice would similarly serve to end oil's monopoly in the transportation sector and strip oil of its strategic status;

(5) the current closed fuel market has allowed a cartel of petroleum exporting countries to inflate fuel prices, effectively imposing a harmful tax on the economy of the United States;

(6) much of the inflated petroleum revenues the oil cartel earns at the expense of the people of the United States are used for purposes antithetical to the interests of the United States and its allies;

(7) alcohol fuels, including ethanol and methanol, could potentially provide significant supplies of additional fuels that could be produced in the United States and in many other countries in the Western Hemisphere that are friendly to the United States;

(8) alcohol fuels can only play a major role in securing the energy independence of the United States if a substantial portion of vehicles in the United States are capable of operating on such fuels;

(9) it is not in the best interest of United States consumers or the United States Government to be constrained to depend solely upon petroleum resources for vehicle fuels if alcohol fuels are potentially available;

(10) existing technology, in the form of flexible fuel vehicles, allows internal combustion engine cars and trucks to be produced at little or no additional cost, which are capable of operating on conventional gasoline, alcohol fuels, or any combination of such fuels, as availability or cost advantage dictates, providing a platform on which fuels can compete;

(11) the necessary distribution system for such alcohol fuels will not be developed in the United States until a substantial fraction of the vehicles in the United States are capable of operating on such fuels;

(12) the establishment of such a vehicle fleet and distribution system would provide a large market that would mobilize private resources to substantially advance the technology and expand the production of alcohol fuels in the United States and abroad;

(13) the United States has an urgent national security interest to develop alcohol fuels technology, production, and distribution systems as rapidly as possible;

(14) new cars sold in the United States that are equipped with an internal combustion engine should allow for fuel competition by being flexible fuel vehicles, and new diesel cars should be capable of operating on biodiesel; and

(15) such an open fuel standard would help to protect the United States economy from high and volatile oil prices and from the threats caused by global instability, terrorism, and natural disaster.
This is where everybody puts profound words written by another...or not so profound words written by themselves
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Re: Cap N Tax

Unread postby shortonoil » Sat 27 Jun 2009, 13:15:52

highlander said:

$this->bbcode_second_pass_quote('', 'F')rom the latest hubris from congress


SEC. 127. OPEN FUEL STANDARD.

Even Congress (in all of their amassed stupidity) could not ignore the total futility of this proposition. They have to be aware of the monetary/economic catastrophe which is now taking place. Why they would think that this will help them maintain control during the great unraveling, which will occur over the next couple of years, is beyond me?

More than likely this is just more smoke and mirrors to give the plebes on the roof something to wave their arms in the air about while the cellar hole collapses!





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Re: Cap N Tax

Unread postby dohboi » Sun 28 Jun 2009, 01:12:19

"Ladies and Gentleman watch as dohboi tap dances"

I'd love to show you my moves, but there is no reason to address the plant man on this one. His points are completely irrelevant to mine. I was talking about physical and chemical facts, he about politics and economics.

This is one of the usual tactics, of course. If you have no argument left, you try to change the subject. I'm not falling for it. Sorry guys.
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Re: Cap N Tax

Unread postby dohboi » Sun 28 Jun 2009, 02:11:07

By the way, short. They were recently discussing a concept near and dear to your heart over at TOD: Net energy: http://netenergy.theoildrum.com/node/5500#more
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Re: Cap N Tax

Unread postby Tanada » Sun 28 Jun 2009, 04:04:46

What I would like to see is a hard fossil carbon tax and no trading of credits allowed. But that's apparently a very small minority of opinion on the topic of what CO2 is and what we are doing about it. A hard cap with no trading done properly would get us off fossil carbon sources faster than anything else short of ending modern civilization.
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Re: Cap N Tax

Unread postby Arthur75 » Sun 28 Jun 2009, 05:45:48

I don't follow the thing very closely but is the law more a cap and trade thing or a tax ?


How about the proposal by James Hansen :


$this->bbcode_second_pass_quote('', 'R')ising price on carbon emissions via a "carbon tax and 100% dividend".
A rising price on carbon emissions is the essential underlying support needed to make all other climate policies work. For example, improved building codes are essential, but full enforcement at all construction and operations is impractical. A rising carbon price is the one practical way to obtain compliance with codes designed to increase energy efficiency.

A rising carbon price is essential to "decarbonize" the economy, i.e., to move the nation toward the era beyond fossil fuels. The most effective way to achieve this is a carbon tax (on oil, gas, and coal) at the well-head or port of entry. The tax will then appropriately affect all products and activities that use fossil fuels. The public's near-term, mid-term, and long-term lifestyle choices will be affected by knowledge that the carbon tax rate will be rising.

The public will support the tax if it is returned to them, equal shares on a per capita basis (half shares for children up to a maximum of two child-shares per family), deposited monthly in bank accounts. No large bureaucracy is needed. A person reducing his carbon footprint more than average makes money. A person with large cars and a big house will pay a tax much higher than the dividend. Not one cent goes to Washington. No lobbyists will be supported. Unlike cap-and-trade, no millionaires would be made at the expense of the public.

The tax will spur innovation as entrepreneurs compete to develop and market low-carbon and no-carbon energies and products. The dividend puts money in the pockets of consumers, stimulating the economy, and providing the public a means to purchase the products.

A carbon tax is honest, clear and effective. It will increase energy prices, but low and middle income people, especially, will find ways to reduce carbon emissions so as to come out ahead. The rate of infrastructure replacement, thus economic activity, can be modulated by how fast the carbon tax rate increases. Effects will permeate society. Food requiring lots of carbon emissions to produce and transport will become more expensive and vice versa, encouraging support of nearby farms as opposed to imports from half way around the world.


http://www.guardian.co.uk/world/2009/ja ... rack-obama


I really think this is by far the most sensible proposition.

Cap n trade is junk, didn't really work in Europe the corresponding markets crashed, the concept is a joke anyway. (it would make sense if GW was the only issue and we were sitting on piles of fossile fuels, but everybody knows the key, if not primary issue is as much surviving through less energy consumption)

What is required is a way to direct investments to less energy consuming products and way of life, and this concept of a 100% redistributed carbon tax, a new word should be used as it isn't really a tax (could also be part tax part 100% redistributed) is a great idea to achieve it :

- doesn't require huge bureaucracy
- much cheaper to implement and run than the cap n trade bullshit for sure
- most energy consumption today in fact derives from personal choice, so normal that the 100% redistributed part will push on these personal choices
- solution agnostic : will not favor stupid solution from an energy point of view through subsidies like corn ethanol stuff
- fully anonymous : no good or bad citizen finger pointing, everybody choose what they buy, if you want to continue doing 100 miles daily roundtrips in a hummer go for it

Of course might be too late ...
But the core is to put constraints on investment decisions, this 100% redistributed carbon tax would clearly be the best way.
Last edited by Arthur75 on Sun 28 Jun 2009, 06:24:11, edited 2 times in total.
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Re: Cap N Tax

Unread postby Tanada » Sun 28 Jun 2009, 06:09:12

The worst thing about this new Cap bill is the overwhelming level of Federal control it will impose, right down to local building codes for villages in Alaska, towns in Hawaii, Cities in Florida and Farms in Maine. Clearly the building needs for someone in Southern California are going to be vastly different than those in North Dakota, but bureaucracies tend to enforce a one size fits all solution to every problem they encounter.

Locally me electric supplier just spent hundreds of millions of dollars upgrading the coal power plant to vastly reduce sulfur and nitrous emissions, now they will be capped on their CO2 emissions which I would normally support. I believe that they have acted in good faith and as good corporate citizens, now they are about to be hit with a new expense that is only poorly defined. Undoubtedly either my electric rates will go up or my taxes will go up so that government can subsidize the utility.
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Re: Cap N Tax

Unread postby deMolay » Sun 28 Jun 2009, 10:34:22

I would just like to throw this into the discussion. Over 31,000 American scientists disagree with the Kool-Aid Drinkers. http://www.oism.org/pproject/GWReview_OISM150.pdf
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Re: Cap N Tax

Unread postby Arthur75 » Sun 28 Jun 2009, 10:52:24

$this->bbcode_second_pass_quote('deMolay', 'I') would just like to throw this into the discussion. Over 31,000 American scientists disagree with the Kool-Aid Drinkers. http://www.oism.org/pproject/GWReview_OISM150.pdf



But in a way, Who cares ?

If you are here I guess you don't deny the peak oil or peak fossile fuels aspect, so why not seing the thing like :

- Today we have some given technical products, transport infrastructure, urbanism types, building types, etc ...
- Most of these things rely heavily on cheap fossile fuels
- A lot of it will have to change to sustain a world without cheap fossiles
- Time is running kinda short and serious moves should be initiated

What a 100% redistributed carbon tax would do is accelerate the change by pushing all investments in the right direction, that is, gaining time if managing the turn is still possible.

It also has the effect, as the tax should be volume and not price based, to smoothen the end products price variations compared to the raw products ones.

Whether AGW is real or not, all of the above remains completely valid, and necessary.
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Re: Cap N Tax

Unread postby deMolay » Sun 28 Jun 2009, 11:14:21

Good Points Arthur.
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Re: Cap N Tax

Unread postby Arthur75 » Sun 28 Jun 2009, 12:32:53

$this->bbcode_second_pass_quote('deMolay', 'G')ood Points Arthur.


Thanks, to me it's really strange that nearly 100% of the communication done on this thing is around AGW and not managing fossile fuel depletion.

Regarding AGW, I would say I used to believe IPCC "fully", not having any expertise in climate, and at least i'm sure human activity does have the scale to modify the climate : The rise in CO2 due to human activity (from recognizing isotopes) as measured in hawaii for instance is quite clear.

Now, after having read some stuff about people doubting that this scale be the primary cause, like from Jean Laherrère for instance, somehow have some doubts, but the picture anyway could be something like everybody around a big campfire, wondering about the smoke when the forest gets almost finished ...

Plus communicating about managing the turn would also be more posititve to me, and some stuff like carbon capture and storage for instance might perfectly not make any sense at all, as much less energy is produced for the same fuel, this CO2 aspect somehow doesn't hint directly about real changes needed.

But we have the chance that the means to manage the two aspects are more or less the same

Although maybe in the case of a "fossile tax" aimed strictly at managing the turn, the tax should be based on the energy value of the fuels, and not CO2 equivalent, so some differences but probably not huge.
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Re: Cap N Tax

Unread postby pablonite » Sun 28 Jun 2009, 15:33:22

$this->bbcode_second_pass_quote('Tanada', 'T')he worst thing about this new Cap bill is the overwhelming level of Federal control it will impose...

It's a global problem just like every other "problem" you are inundated with daily thanks to the mainstream media whose ownership has been reduced to a small mitful of elite owners who DO have an agenda. Just wait until you are forced into a vaccination program for "global" swine flu or placed on a "global" terrorist watch list for not paying your CDMT "carbon dioxide molecule tax" on time! Actually it will probably just be digitally removed from your digital paycheck anyway so you get on the list only if your chip has insufficient funds marking you as another "useless eater".

Forget Federal control, it's global control - the US isn't the only country in the west about to be enslaved forever by the biggest tax ever levied on a population based on the "science" of a global think tank called the IPCC.

Absurd is the only way to describe a "debate" we are told is over about "climate change" that fails to take into account the very heat source our planet revolves around. They can make people believe anything these days verified by the fact they are about to "tax" something the animal kingdom produces in the process of respiration, and yes - the animal kingdom includes you - monkey. The possibilities are endless with this one.
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Re: Cap N Tax

Unread postby pablonite » Sun 28 Jun 2009, 15:48:40

$this->bbcode_second_pass_quote('Arthur75', 'T')hanks, to me it's really strange that nearly 100% of the communication done on this thing is around AGW and not managing fossile fuel depletion.

Wow, what an astute observation there Arthur!

They can't mention "peak oil" too much in the mainstream news becasue it's hard to justify the current wars for that very resource as the only solution. By calling it "climate change" they can use your "climate change" taxes to fund the wars without the slightest bit of suspicion and kill 2 birds calling it "The War on Terror" and removing all of your rights in case you figure it all out.

This is what think tanks like "The Project for a New American Century" think about all day every day and why by the good grace of God - they got their "New pearl Harbour" right on schedule!

Arthur, if the big things happening in this world seem "strange" to you, take a closer look at who owns your "communication" channel.
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