Hey Toro, give us your thoughts on Cap and Trade

Discussion in 'Stock Market' started by alan1, Jun 28, 2009.

  1. alan1
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    alan1 USMB Mod Staff Member Supporting Member

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    Mr Toro,
    rumor has it that you have some experience and insight into the stock market.
    So, is this new cap and trade for carbon credits a government created derivatives market?
    Is it a government created commodity designed as a way to tax and control business via an artificial means?
    What are your thoughts an opinions about this?
     
  2. Toro
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    Toro Diamond Member

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    To be honest, I haven't spent much time looking at it so I can't really say.

    It is a market-based solution, so I like that idea, but what the cost will be, I don't know. Some companies will win, some will lose. Some countries will win, some will lose.

    I've read that it could be horribly expensive. It could be. I don't know.
     
    Last edited: Jun 28, 2009
  3. rdking647
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    rdking647 VIP Member

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    My question is has this been factored into the stock prices of coal copanies like ACI,MEE and BTU. Ill look tomorrow pre open to see if the kill them and if i do im going to try and pick some up cheap for a quick trade.
     
  4. alan1
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    alan1 USMB Mod Staff Member Supporting Member

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    I'm not sure how some countries could win or lose other than the fact that other countries are not participating. India and China will be winners.

    I don't see it as a market based solution to global warming since it will only reduce (at best estimates) 2-5/100 of 1 degree over 25 years.
    Economically, it seems to be pretty harmful to the US.
     
  5. auditor0007
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    auditor0007 Gold Member

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    It won't reduce anything if CO2 isn't what is causing temperatures to rise.
     
  6. truthsaga
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    truthsaga Economic and BlowBack Ace

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    You have a typo, it's Cap and Tax.

    Eh.. I'm looking for the link that talks about Spain having something similiar and the effects it's having in their country.
     
    Last edited: Oct 13, 2009
  7. Old Rocks
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    Old Rocks Diamond Member

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    Cap and Trade worked well in reducing sulphide emmisions. It is a start toward shutting down the emissions of CO2. As for CO2 causing the warming, the physics on that was done in 1896, as well as predictions of the present warming.
     
  8. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Did you say "Physics"?
     
  9. truthsaga
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    truthsaga Economic and BlowBack Ace

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    What Warming!!!????
     

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