Tuesday, September 29, 2009

Same Story, Different Day

from another buddy,
trying in vain to send out the news
through Yahoo to Beijing:

<Several countries, such as India and China, give financial incentives either in the form of tax breaks or cash payments to companies producing fossil fuels including coal that are major contributors to climate change.
Dumping subsidies could cut global warming by 10% by 2050, according to figures form the International Energy Agency and the Organisation for Economic Co-operation and Development (OECD) in the draft. The G20 will discuss possible ways of phasing out subsidies at their next meeting.
"Inefficient fossil fuel subsidies encourage wasteful consumption, reduce our energy security, impede investment in clean energy sources and undermine efforts to deal with the threat of climate change," the draft reads.
G20 leaders will agree to investigate ways of providing financial help to countries threatened by climate change, according to the draft, and "intensify our efforts" to reach a UN climate change agreement at the upcoming talks in Copenhagen.>>

I'm a little suspicious as to what exactly is included when they say they want to eliminate fossil fuel "subsidies" in terms of the G20.

Countries like Iran, Saudi, and Ven certainly subsidize consumption but my concern would be that they also eliminate certain legitimate tax deductible expenses for the fossil fuel industry....expenses that are necessarily incurred to carry on in business.

Witness what was done recently in the US with regard to some previously deductible expenses. Are we to see more of the same?

If that's the plan, the effect on new energy supplies will be much more immediate and trump normal geological depletion (which is already a tough hurdle to beat) and put us back to the stone age in no time. Surely, these knuckleheads aren't thinking along those lines while at the same time thinking alternatives can make up the difference on an even more accelerated timeline????

I shudder to think that if such plans are in place how the industry will ever be able to come up with the necessary capital to even come close to meeting our energy needs but is this all part of the master plan?

Are the elites wanting to create energy shortages so they can justify rationing and gain more power over us?

This elite-sponsored govt interference is actually more dangerous than peak oil is because it accelerates the timeline and the speed at which the alternatives need to be ramped up to offset declining fossil fuel supplies.

And there will be no turning back once the industry's capacity in terms of both capital and the necessary skilled human resources is no longer available.

Of course, this would suit the elites who are pulling all the strings in that it would ensure that everybody would have to tow the line and obey govt in order to get their allotment of rationed energy wouldn't it?

I never thought about this before but it makes sense to me now.

In an energy constrained world, we are much more likely to be faced with a more dominant government and that's not a good thing.

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