February 24, 2019

Sunday (Moderated) Open Thread (022419)

Filed under: Lucid Links — Tom @ 6:00 am

This open thread is meant for commenters to post on items which they believe need to be known. Rules are here.



  1. Dealing with the scam enhanced by Obama. IF Global Warming is real, then why do they run it like a con game?

    What’s Behind Wall Street’s Secretive Biofuel Credits Market?


    The secretive market for trading biofuel compliance credits between Wall Street banks and other private interest may be in its last days, as the Donald Trump administration prepares to crack down on the shady practice. The ramped-up attention from the federal government comes in response to complaints of credit hoarding and volatile prices. The United States Environmental Protection Agency (EPA) will present several plans for confronting the issue in the next few weeks, according to Bloomberg’s reporting based on insider information from anonymous sources.

    The issue primarily revolves around a system of Renewable Identification Numbers (RINs) used to track government credits originally intended to give refiners and importers more leeway when it comes to meeting what some argued were too-high annual biofuel quotas. What began as a simple solution to a compliance problem, however, quickly transformed into a financial commodity, with the value of these RINs seeing massive peaks and troughs in accordance with any new policy developments coming out of the federal government. There have also been accusations of corruption in the RINs market, with some independent refiners decrying that the market is rife with speculation and manipulation, with traders abandoning previously negotiated sales, fraudulent bids to artificially inflate prices, and more…

    …One vocal critic of the RIN system has been billionaire Carl Icahn, who owns the majority of the independent oil refinery CVR Energy Inc. Icahn publicly denounced the credit system as “rigged” and in need of an overhaul. Under pressure from industry heavyweights such as Icahn, last year President Trump directed the EPA to develop a plan for reforming the problematic biofuel compliance credit system, a directive that came down at the same time that his administration ended fueling restrictions for high ethanol content gasoline…

    …The EPA’s biofuel credits and quotas system has been at the middle of a widespread debate for several years now, and not just because of problematic RINs market trading. Biofuels quotas are smack in the middle of a power struggle between the oil and agriculture industries. As the Trump administration has eased and walked back strict Obama-era biofuel blend requirements, the biofuels industry, and therefore the U.S. corn industry, has been hit hard. Under Trump a massive amount of biofuels waivers have been granted to refiners who are all too eager to skirt costly biofuel quotas…

    Repeal the RFS and the problem goes away.

    Comment by dscott — February 24, 2019 @ 7:50 am

  2. The evil in mens hearts:

    The Pedophile Project: Your 7-Year-Old Is Next On The Sexual Revolution’s Hit Parade


    We cannot dismiss the campaign to legalize pedophilia as fringy stuff that will get nowhere. It’s real and it’s here and it’s gaining strength.

    Comment by dscott — February 24, 2019 @ 10:49 am

  3. Bill Maher Bashes Middle America: Less ‘Affluent and Educated’ People Who ‘Want to Be Us’


    “We have a problem in America called spatial geographic inequality which means the most affluent and educated people are clustered in just a few cities,” Maher explained. “We have orchestras and theaters districts and world-class shopping. We have Chef Wolfgang Puck, they have Chef Boyardee.”
    “Maybe that has something to do with why Trump voters are obsessed with ‘owning the libs.’ Because the libs own everything else,” he continued. “The blue parts of America are having a big prosperity party while that big sea of red feels like their invitation got lost in the mail.”

    Could Maher be anymore blind to the income disparity his fellow elites have been creating in America for decades and intensified during Obama’s reign of incompetence? Even within the “Blue” areas of so called wealth is the economic blight of wealth disparity from his elevated kind parasitically sucking the life out of the masses. Maher is completely ignorant to the high cost of living forcing people to live in spaces a quarter of the average home for the same cost as the rest of the country. Maher is perfectly happy to enjoy his lifestyle while millions within his Blue wealth zone are wage slaves living from paycheck to paycheck walking the treadmill his kind created by manipulating laws to favor their own self serving economic well being.

    President Madison warned us about Maher’s kind in Federalist paper #62. They profiteer on the backs of all of us because they are able to pay off the politicians in Congress to pass laws that make them all rich.

    I would also point out that the deal given to Amazon in NY is a defacto admission that taxing businesses as they do now is counter productive and actually creates poverty. An educated person would see this and therefore they know they are crushing the masses deliberately to enrich themselves by any means because they are so unable to make a profit in an above board manner. They literally are the very evil they accuse the rest of us as being. AOC killed the deal only because she wants to also financially benefit from the same scam Democrats have been doing for decades. Selectively NOT taxing those who support their incumbency. That is the point Obama actually made in NOT prosecuting illegals via the abuse of prosecutorial discretion. They are practicing the “Fa” as emperor Chin perfected against his opponents.

    Another effect of public instability is the unreasonable advantage it gives to the sagacious, the enterprising, and the moneyed few over the industrious and uniformed mass of the people. Every new regulation concerning commerce or revenue, or in any way affecting the value of the different species of property, presents a new harvest to those who watch the change, and can trace its consequences; a harvest, reared not by themselves, but by the toils and cares of the great body of their fellow-citizens. This is a state of things in which it may be said with some truth that laws are made for the few, not for the many.

    In another point of view, great injury results from an unstable government. The want of confidence in the public councils damps every useful undertaking, the success and profit of which may depend on a continuance of existing arrangements. What prudent merchant will hazard his fortunes in any new branch of commerce when he knows not but that his plans may be rendered unlawful before they can be executed? What farmer or manufacturer will lay himself out for the encouragement given to any particular cultivation or establishment, when he can have no assurance that his preparatory labors and advances will not render him a victim to an inconstant government? In a word, no great improvement or laudable enterprise can go forward which requires the auspices of a steady system of national policy.

    But the most deplorable effect of all is that diminution of attachment and reverence which steals into the hearts of the people, towards a political system which betrays so many marks of infirmity, and disappoints so many of their flattering hopes. No government, any more than an individual, will long be respected without being truly respectable; nor be truly respectable, without possessing a certain portion of order and stability. President Madison


    Just remember, we live in times that quoting the Founding Fathers marks one as a radical, a malcontent against the established order, Maher’s order, his kind.

    Comment by dscott — February 24, 2019 @ 11:21 am

  4. This is what a scam looks like, manipulating public information to profiteer:



    It turns out that their information came from a report by a certain Jeremy Grantham, who made exactly the same claim, eagerly parroted by the BBC. And, as you might have guessed, this is the same Jeremy Grantham, the billionaire hedge fund manager who bankrolls the Grantham Institute, set up to promote global warming alarmism.

    It puts the Grantham Institute in a very poor light, that such a shoddy piece of work was ever published by their founder. I await the vexatious Bob Ward complaining to the BBC about their repeating such an obviously fake claim. But I suspect I will be waiting a long time, given that he works for the aforementioned Jeremy!

    For those unfamiliar with manipulating the news for profit I suggest watching a TV series called “Billions.” It creatively describes the actions of what can be charitably be called the Long Con. Once you have seen the show, you begin to look at the “news” in a very different way.

    Comment by dscott — February 24, 2019 @ 12:16 pm

  5. The Global Warming con game enriching the self serving elites:

    TPPF: Fighting Back in Texas on Wind Power Subsidies


    The Texas wind industry has been constructed on the backs of US taxpayers, state and local taxpayers, and captive electricity ratepayers. The ruse can be traced to 1999 when an Enron-driven electricity restructuring law provided a 2,000-MW renewable-energy quota for Texas (think Enron Wind Corp.). Texas governors George W. Bush and Rick Perry were instrumental in the crony crusade, unfortunately, a story told elsewhere.

    Comment by dscott — February 24, 2019 @ 3:02 pm

  6. “It’s real and it’s here and it’s gaining strength.”

    Yes it is, and it has some relationship to illegal immigration, and note that it’s 12-1/2 YEARS OLD:

    Comment by Tom — February 24, 2019 @ 3:37 pm

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