Global Warming Science:


White House Deception


[last update: 2010/06/14, original: 2010/05/09]



[2010/06/14] update:


“Obama: Gulf oil spill ‘echoes 9/11’”


(USA Today, June 14, 2010) – “President Obama says the Gulf oil disaster "echoes 9/11" because it will change the nation's psyche for years to come … Obama told POLITICO columnist Roger Simon that he'll make a "bold" push for a new energy law to lessen U.S. dependence on fossil fuel. The House of Representatives passed a bill last year; Senate proposals are pending. Obama backs one by Sens. John Kerry, D-Mass., and Joe Lieberman, I-Conn., to reduce greenhouse gas emissions. … "Now is the time for us to start making that transition and investing in a new way of doing business when it comes to energy," Obama said in the interview. "One of the biggest leadership challenges for me going forward is going to be to make sure that we draw the right lessons from this disaster.” []


Mr Obama’s comments to Politico, however, are likely to fuel the accusations that he is trying to exploit the disaster to pass politically unpopular climate change legislation, a key election pledge. While the appetite for energy legislations has grown, not least out of the desire to punish BP, enthusiasm for longer-ranging laws on climate change remains low.” []


The Politico interview indicated Obama will use the storied platform on Tuesday evening to implore Congress to pass a major energy and climate bill, showing the tragic events in the Gulf can be a vehicle for positive change. He pledged to "move forward in a bold way in a direction that finally gives us the kind of future-oriented... visionary energy policy that we so vitally need and has been absent for so long".” []


In May, State Department spokesman P.J. Crowley refused to tell reporters which countries had offered assistance to help respond to the BP oil spill (later he listed 13 countries but he stated “there is no need right now that the U.S. cannot meet, the U.S. Coast Guard is assessing these offers of assistance to see if there will be something which we will need in the near future” “The Obama administration has been relentless in its messaging that it is doing everything possible to aggressively respond to the oil spill. But for the record, the current message to foreign governments is: Thanks but no thanks, we've got it covered.” []


The Dutch offered to fly their oil skimmers to the gulf 3 days after the start of the spill. Obama’s government turned down the offer. “This incident with the skimmers just shows the lack of leadership by the President and other government officials.” []


Saudi Arabia cleaned a massive spill in 1993 by using supertankers to vacuum up the oil and salvaged 85 percent of the oil []


Apparently Obama has a different plan – make the gulf oil spill his “9/11” to sucker people into his cap-and-trade legislation. Obama’s Chief of Staff, Rahm Emanuel famously said “Never let a serious crisis go to waste. What I mean by that is it's an opportunity to do things you couldn't do before.” []


Obama’s Interior Secretary Ken Salazar is involved: “A group of engineers and oil experts said Friday that the Interior Department changed the language of a high-profile oil spill report after they'd signed it, falsely signaling their support for a drilling moratorium that they thought went too far.” []




“White House says time is right for climate bill”


(Reuters, May 7, 2010) – “The White House said on Friday the time was right for a climate change bill … White House spokesman Robert Gibbs said the oil spill showed that drilling alone would not solve the U.S. energy problem and he noted that higher summer fuel prices would add to the sense among consumers that the country needed to address its energy woes.” []


The inherent problem in Obama’s nonsensical approach – conflating (and confusing) climate and energy needs.




[2010/05/19] update:


Obama’s “Special Envoy for Climate Change” Todd Stern addressed the Brookings Conference on May 18, 2010. (Quotes below are from: [])


He showed some understanding: “Most fundamentally, you cannot address the climate challenge by focusing only on developed countries; they account for around 45% of global emissions now and will account for some 35% by 2030. Instead, you need to start with the 85% of emissions represented by the major economies and build out from there. Moreover, as a matter of political reality, we could get no support in the United States for a climate agreement that required action of us but not from China and the other emerging markets.


He also reiterated the wealth transfer goal regarding an international agreement: “it would include far-reaching provisions on funding, so that developing countries, particularly the needier among them, are given the kind of support they need for both mitigation and adaptation.




“U.S. carbon dioxide emissions fell record 7% last year”


(USA Today, May 6, 2010) – “Energy-related carbon dioxide emissions fell a record 7% last year, due partly to the economic downturn, the U.S. government reported Wednesday. While emissions have fallen in three of the last four years, 2009's drop was the largest since the U.S. Energy Information Administration (EIA) began keeping comprehensive data in 1949. The report comes as the U.S. Senate is gearing up to consider a possible climate bill that would require a reduction in greenhouse gas emissions. … "The large decline in emissions was driven by the economic downturn, combined with an ongoing trend toward a less energy-intensive economy and a decrease in the carbon-intensity of the energy supply," said Richard Newell, head of EIA, a data-analysis section of the Department of Energy. ” []


The EIA CO2 summary [] provides the following figures.


CO2 emissions have fallen in 3 of the last 4 years.




Alarmists say the 2009 drop is due to the economy, not a real change. The following figure shows that two thirds of the drop is due to reduced energy intensity of the economy (i.e. shift from heavy industry to services) and reduced carbon intensity of energy (i.e. shift from coal to natural gas and nuclear).




Clearly if the US is already reducing CO2 due to “an ongoing trend toward a less energy-intensive economy and a decrease in the carbon-intensity of the energy supply”, then Obama’s plan for cap-and-trade is unnecessary.


The U.S. currently has about 100 years of natural gas reserves. “The amount of natural gas available for production in the United States has soared 58% in the past four years … the U.S. has more than 2,000 trillion cubic feet of natural gas still in the ground, or nearly a century's worth of production at current rates.” []


By encouraging the replacement of coal usage with natural gas and nuclear for electricity generation, the U.S. could reduce emissions without burdening the entire economy with costly cap-and-trade.


The U.S. can do nothing on its own to significantly reduce global CO2 emissions. The following figure from the Global Carbon Project compares CO2 emissions between developed and developing nations. The growth of emissions is in the developing nations is outpacing the emissions from developed nations. []





“Goldman Sachs May Be Obama’s Enron”


(U.S.News, Apr 20, 2010) – “the emerging Goldman Sachs scandal threatens to engulf the Obama administration … the mere $151,722.42 (inflation adjusted) in contributions from Enron-affiliated executives, employees, and PACs to Bush hardly add up to Obama's $1,007,370.85 (inflation adjusted) from Goldman-affiliated executives and employees.” []


Goldman Sachs and employees “have spent more than $43 million dollars on lobbying and campaign contributions to cultivate friends and buy influence in Washington, D.C. since 1989 … [and] the country's top political campaign contributors this year [2008]” []


Goldman Sachs was Obama’s largest corporate contributor during the 2008 election. []



Obama’s Government


Under Obama, the number of Goldman Sachs people has increased beyond the norm. []


  • Adam Storch (VP in Goldman Sachs Business Intelligence Group) became managing executive of the Security and Exchange Commission (SEC)


  • Neel Kashari (a Goldman Sachs VP) became overseer of the $700-billion TARP bailout.


  • Gary Gensler (Goldman Sachs executive) nominated by Obama to head the Commodity Futures Trading Commission (“Gensler confessed to lax regulation during the Clinton administration over the very derivative instruments that caused the financial crisis.”)


  • Larry Summers (one of Obama’s top economic advisers and Chairman of the National Economic Council) received $135,000 for a talk at Goldman Sachs.


Tim Geithner (Obama’s Treasury Secretary) was previously head of the NY Fed "I believe Tim Geithner only represents part of Wall Street - Goldman Sachs" [,C,BAC,XLF,MS,JPM,%5EDJI]. Geithner hired Goldman Sachs lobbyist Mark Patterson to be his Chief of Staff.


More of Obama’s people are Goldman Sachs people as well – see: []



The Gold / Carbon Transmutation


Goldman Sachs aims to be big in carbon credit trading and was a founding member of the Green Exchange, offering “offer a comprehensive range of environmental futures, options and swap contracts for markets focused on solutions to climate change, renewable energy and other environmental challenges.” []


  • Goldman Sachs is active in the markets for carbon emissions and Renewable Energy Credits, among other climate related commodities. In Europe, we have been market-makers in the EU ETS since its inception in 2005 and in North America, we established a carbon team in 2007.


  • During 2009, Goldman Sachs completed the largest North American carbon trade to date and became a founding member of a new exchange focused on building a global environmental marketplace.


Goldman Sachs has also purchased a stake in the Chicago Climate Exchange (CCX) parent company Climate Exchange (which now totals 19% []). The CCX bills itself as the world’s first and North America’s only voluntary, legally binding integrated greenhouse gas emissions reduction, registry and trading system." (The CCX board also includes Maurice Strong who started the global warming scare at the UN. For more information on CCX, see: [])


CCX Executive Vice President, Paula DiPerna, and President of CCX International, formerly served as President of the Joyce Foundation in Chicago []


In 2000 and 2001, the CCX was provided with grants by the Joyce Foundation [].


Obama was a member of the board for the Joyce Foundation, active from 1994-2002, when they funneled funds to the Chicago Climate Exchange at the time the CCX was created. []


The 2000 Joyce Foundation annual report listing Obama as a board member can be seen here: [] Valerie Jarrett, Obama’s Senior Advisor and Assistant to the President for Intergovernmental Affairs, was a Director at the Joyce Foundation [


See: [] for more details on this history of collusion. “Obama's espousal of cap-and-trade, a system that is intended, among other things, to increase the price of fossil fuels and force their replacement by energy sources that produce less greenhouse gases, has drawn fire from many economists as a huge energy tax that will weigh heavily on an economy that is already in steep recession.


In 1990 the Clean Air Act amendments authorized the Environmental Protection Agency to put a cap on the quantity of pollutants the operator of a fossil-fueled plant was allowed to emit. Enron helped establish the market for, and became the major trader in, EPA’s $20 billion-per-year sulfur dioxide cap-and-trade program resulting in Enron’s stock rapidly rising. It was the forerunner of today’s CO2 trading, now taken up by the CCX. Enron was a promoter of the Kyoto Protocol since it would increase their profits managing credit trading. Enron’s Ken Lay had meetings with Clinton and Gore to try to get Kyoto promoted: “Enron officials later expressed elation at the results of the Kyoto conference. An internal memo said the Kyoto agreement, if implemented, would "do more to promote Enron's business than almost any other regulatory initiative outside of restructuring the energy and natural gas industries in Europe and the United States."” []



Al Gore’s Generation Investment Management


Al Gore’s Generation Investment Management is the fifth largest co-owner of the Chicago Climate Exchange. David Blood and Al Gore (the Blood and Gore team) cofounded London-based Generation Investment Management in 2004 and includes Goldman Sachs people []


  • Al Gore – Chairman … former Vice President of the U.S., Chairman of Current TV, member of the Board of Directors of Apple and a Senior Advisor to Google, global warming alarmist, etc., etc., etc.


  • David Blood – Senior Partner … former CEO of Goldman Sachs Asset Management


  • Mark Ferguson – Chief Investment Officer … held various positions at Goldman Sachs Asset Management including co-Head of Financials Research Team


  • Peter Knight – President of Generation’s US business … served as Chief of Staff to Mr. Gore when Mr. Gore was a member of the U.S. House of Representatives and later the U.S. Senate. He was a Managing Director of MetWest Financial where Gore was vice chairman. MetWest was sold to Wachovia (taken over by Wells Fargo in the 2008 financial crisis) []


  • Colin le Duc - Senior Portfolio Manager for Generation's Climate Solutions Fund … investing in companies that are part of the solution to the “climate crisis” … formerly Research Director at Sustainable Asset Management, owned by Rabobank – “The Rabobank Group facilitates emissions trading through CLIMEX, an electronic trading platform. CLIMEX also organises auctions of CO2 credits for a range of European public-sector organisations. Rabobank International’s Commodity & Weather Derivatives Group trades in CO2 rights and certified emission rights for large corporate customers. [] (Louise Fresco, on the Supervisory Board of Rabobank, was appointed to the InterAcademy Coucil review of the IPCC in April 2010  [] – see also for more info on this IAC “independent” review of the IPCC)


For more on the Gore / Goldman – Cap-n-Trade connection see: []




Europe's Carbon Mafia, And Ours


(Investor’s Business Daily, May 6, 2010) – “The carbon trading system being pushed here has spawned crime and fraud across the pond. Cap-and-trade is not about saving the planet. It's about money and power, and absolute power corrupting absolutely. … "Carbon markets are highly susceptible to fraud, given their complexity and the fact that it's not always clear what is being traded," says Oscar Reyes of Carbon Trade Watch. … Europol, the European criminal intelligence agency, announced that Emissions Trading System fraud had resulted in about 5 billion euros in lost revenues as Europe's carbon traders schemed to avoid paying Europe's VAT and pocket the difference. In announcing the raids, the agency said that as much as 90% of Europe's carbon trades were the result of fraudulent activity.” []




Carbon Into Gold


Obama’s deviousness is exposed – his alchemy is turning carbon into gold.

It is not a confusion of climate and energy after all. Money (and power) is what it’s all about.