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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Snowshoe who wrote (61790)	4/12/2005 5:32:32 PM
From: Maurice Winn	Respond to of 74559

<The Global Carbon Reserve Board, chaired by some future Alan Greenspan, will meet quarterly and decide whether to add or remove carbon from the atmosphere. There will be the usual arguments between the easy-carbon and tight-carbon proponents. Financial traders will be poised at their terminals, ready to trade huge quantities of stocks and commodities depending on the outcome.> Way back in 1987 during my official oil days I contemplated just that. I had calculated the cost of collecting and freezing CO2 in huge stacks, with polystyrene etc to stop it ablating too fast. Then it would be available to release if an ice-age threatened. Take off the covers, spread it out and sprinkle it with soot! Or spray it with water from the ocean or a river. It would be a lot of fun. I decided it would be better to just compress it to liquid phase and pour it to the bottom of the ocean [which Mitsubishi patented a few years later]. If sea levels rise over 100 years, that's no biggie. Venice will have to move, and a lot more besides. But over 100 years, that's nothing. With the North Pole unfrozen for much of the year, if not all, that would be great for shipping. A vast multi-lane canal cut across without even having to dig. Panama and Suez were hard work and expensive. They are also slow and restrictive. The proliferation of life won't lock up all the carbon causing another ice age. The CO2 balance will simply shift to a greater concentration and stay there as long as we keep producing CO2 from fossil supplies. The idea that the greenhouse effect will cause an ice age is the one that the Gulf Stream will stop, freezing northern Europe, Asia and presumably Canada/USA. Mqurice