Climate Change Insanity : Free Market Brilliance

Good news, the free market works - who knew? The fact still remains there is no problem with CO2 causing climate change, global warming. Progressive socialists, Democrats, use man-made climate change as a tool to persuade the low information voter their death is just around the corner if they don't support more funding to save us all from ourselves. 

The fact that virtually all of the historical 'facts' that surround climate change have been manufactured to get desired results doesn't seem to matter to many voters. Even though many of the main stream media outlets carried some form of the melt down of the global warming lie a few years ago, many among us still believe all is lost if we don't act to stem green house gases, especially CO2.

The proof that there is no catastrophic disaster coming our way hasn't penetrated the minds of the general public, proof based on real science, not a 'consensus' of individuals looking for funds to advance their personal careers in the climate change industry, or the United Nations seeking to throttle the West's continuing advancement by demanding the first world countries pay third world nations reparations in form of hundreds of billions of dollars to help the third world grind their way out of corruption and failure to succeed at gaining prosperity. The fact that many in the third world never succeed at any kind of prosperity is of no importance. What is important is slowing or stopping the West from gaining any more ground on the rest of the world.

The United Nations hates the West, and America in particular, because they, we, are exceptional. We have succeed and in a relatively short period of time. Democracies have shown that free markets, personal property and individual freedom is the key to success. Little wonder then it isn't difficult to understand why the UN finds freedom a hindrance to it's agenda of a 'new world order' based on socialism. The few deciding for the many.

History is littered with the failures of socialism, but to the socialists it just that these past failures were due ignorance, the new proponents of the new world order have it right. All that is needed now is to convenience the productive countries that they have wronged the rest of the world and they must pay for their greed and wasteful history. Global warming, climate change, is just a tool to this end.

The Free Market Is Reducing Carbon Dioxide Emissions
Source: Merrill Matthews, "Mr. President, the Free Market Is Reducing CO2 Emissions," Forbes, July 12, 2013.
July 19, 2013

Many federal lawmakers support President Obama in his desire to reduce carbon emissions by imposing the heavy hand of regulation. What they consistently fail to appreciate, however, is that the free market is already curbing energy-related carbon emissions, says Merrill Matthews, a resident scholar with the Institute for Policy Innovation.

The best example of this market-induced transition: The widespread shift from coal to natural gas. Between January 2007 and April 2012, many electricity power plants (the largest single source of carbon dioxide (CO2) emissions) made precisely this shift.

• One reason was the exploding supply, and therefore falling price, of natural gas, which bottomed out at $1.86 per thousand cubic feet in April of last year.
• According to the U.S. government's Energy Information Administration (EIA), energy-related CO2 emissions fell to a little above the 1995 level and were trending lower, toward early 1990s levels.
• The Environmental Protection Agency says that natural gas produces about half of the CO2 emissions as coal. Thus that shift to gas has been helping the president achieve his goal.

Gas is not only cleaner than coal, but the United States has become the largest producer of natural gas.  So it is in both our environmental and economic interests to see an expansion of natural gas production and use. Worldwide, coal is still the largest source of fuel for electricity power plants.

• China is the largest consumer of coal, 3.7 billion short tons, releasing 6,946 million metric tons (MMT) of CO2 in 2010.
• The United States comes in second at 1.05 billion short tons, releasing 1,985 MMT of CO2. Most countries use significantly less coal.
• Making it easier for not only the United States but other coal-using countries, especially China, to shift to natural gas would have a positive impact on energy-related CO2 emissions.

Fortunately, innovation and the free market have produced a solution.  The new extracting process known as hydraulic fracturing has dramatically increased U.S. natural gas production, and lowered its price. The goal should be to expand the market for U.S. natural gas so that producers will expand their drilling.

The private sector operations will invest billions of dollars to build liquefied natural gas terminals that super-cool the gas, turning it into a liquid, to ship it to other parts of the world. But another dozen or so terminals are seeking Energy Department export permits. Quick federal approval would mean less CO2 emissions in the near future.