There is going to be a lot of money made because of these policy prescriptions.In recent days William Ritter, former governor of Colorado and a bunch of his friends more-or-less updated that 2008 plan in:
Just so we're clear, I lean towards the sentiments expressed in The Bored Whore of Kyoto:
..."I don't know if climate change is caused by burning coal or sun flares or what," said the Moscow-based carbon cowboy. "And I don't really give a shit. Russia is the most energy inefficient country around, and carbon is the most volatile market ever. There's a lot of opportunity to make money."...Since the Big U.N. confab in Rio back in 1992 I've read something on the order of 120,000 pages on the science, economics, finance, policy, law and politics of global warming. Add in some expertise in the investment field and, as the Brit nature shows used to say when the lion was going after the old wildebeest, "Sadly now, there can be but one outcome...":
The purpose of this blog is to make money.It is not to argue science or to lobby for one policy or another. We play the cards we're dealt.
So off we go.
We've been pointing out a little known document that was drawn up for President Obama prior to the 2008 election since, well, since the day it appeared on the internet.
From a 2011 post, "Here Come the Presidential Executive Orders":
From an email response I sent a friend during the budget ceiling negotiations last August regarding the options available to the Government and the Fed:That's the framework of possibilities....
I have some arcane knowledge of the workings of the Fed and see no impediments there. As to the trust funds, the enabling legislation either exists or could probably be more easily written than the ceiling legislation.The link goes to a 213 page PDF under the imprimatur of the University of Colorado Law School titled:
I keep coming back to the President though. Executive orders give so much latitude, especially when couched in state of emergency terms, that my reading is the Exec can do pretty much as he pleases,
Back in 2008 some barrister types were making that argument re: climate change policy, potential constitutional crisis be damned.
THE BOUNDARIES OF EXECUTIVE AUTHORITY
Using Executive Orders to Implement
Federal Climate Change Policy
Powering Forward: Presidential and Executive Agency Actions to Drive Clean Energy in America
Basically a blueprint for how to make money off this stuff.Download Executive Summary
Download Full Report
Download Press Release
One HUGE caveat: This is almost entirely agenda driven politics, the science does not prescribe any one policy or another so you have to understand you are dealing with politicians.
There have already been some false starts on the part of the President:
Oct. 2011
Here Come the Presidential Executive Orders
January 2013
Here Come the Executive Orders: Climate Change Central To Next Presidential Agenda
But now it appears to be a go, last week Ritter was meeting with the President's consigliere, John Podesta, so heed the words of Joe Kennedy:
"It's
easy to make money in this market," said Kennedy, famously, to an
associate.
"We'd better get in before they pass a law against it."
And remember, There was a reason for the choice of the first winner of the Climateer "Our Hero" award back in April 2007:
The 26th Secretary of War, the Democrat and Republican (!) Senator from Pennsylvania, Simon Cameron:
Our Hero
"The honest politician is one who
when he is bought, will stay bought."
