Comments on: Who Was Ken Lay? (The Senate should know the industry father of U.S.-side cap-and-trade) http://www.masterresource.org/2009/07/who-was-ken-lay-the-senate-should-know-the-industry-father-of-us-side-cap-and-trade/ A free-market energy blog Sat, 11 Feb 2012 20:41:38 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: John Faulk http://www.masterresource.org/2009/07/who-was-ken-lay-the-senate-should-know-the-industry-father-of-us-side-cap-and-trade/comment-page-1/#comment-1964 John Faulk Sat, 29 Aug 2009 16:59:30 +0000 http://masterresource.org/?p=3644#comment-1964 Don't forget Ken Lay took a long range approach to setting the stage. Ken Lay hand picked and supported Sheila Jackson Lee over Craig Washington in 1994 to take the TX 18 Congressional District. Ken is in his grave and we are still living with the results of his action. With your help I can defeat Sheial Jackson Lee. I received ~40K votes in the last election against her and will receive more in 2010. Please jump on board and help. John Don’t forget Ken Lay took a long range approach to setting the stage. Ken Lay hand picked and supported Sheila Jackson Lee over Craig Washington in 1994 to take the TX 18 Congressional District. Ken is in his grave and we are still living with the results of his action. With your help I can defeat Sheial Jackson Lee. I received ~40K votes in the last election against her and will receive more in 2010. Please jump on board and help.
John

]]> By: The Left’s Civil War on Cap-and-Trade: Who Likes Political Capitalism? — MasterResource http://www.masterresource.org/2009/07/who-was-ken-lay-the-senate-should-know-the-industry-father-of-us-side-cap-and-trade/comment-page-1/#comment-1963 The Left’s Civil War on Cap-and-Trade: Who Likes Political Capitalism? — MasterResource Wed, 22 Jul 2009 11:59:48 +0000 http://masterresource.org/?p=3644#comment-1963 [...] Climate progressivism, led by cap-and-trade, is a throwback to Ken Lay’s Enron. [...] [...] Climate progressivism, led by cap-and-trade, is a throwback to Ken Lay’s Enron. [...]

]]> By: Ken Lay as Political Capitalist « Organizations and Markets http://www.masterresource.org/2009/07/who-was-ken-lay-the-senate-should-know-the-industry-father-of-us-side-cap-and-trade/comment-page-1/#comment-1962 Ken Lay as Political Capitalist « Organizations and Markets Mon, 13 Jul 2009 22:10:29 +0000 http://masterresource.org/?p=3644#comment-1962 [...] is Rob Bradley, quoting from his book Political Capitalism, on Lay and Enron: Who was Ken Lay, the architect and [...] [...] is Rob Bradley, quoting from his book Political Capitalism, on Lay and Enron: Who was Ken Lay, the architect and [...]

]]> By: Robert P. Schaefer http://www.masterresource.org/2009/07/who-was-ken-lay-the-senate-should-know-the-industry-father-of-us-side-cap-and-trade/comment-page-1/#comment-1961 Robert P. Schaefer Thu, 09 Jul 2009 19:50:29 +0000 http://masterresource.org/?p=3644#comment-1961 When you buy a product/commodity, i.e. coffee, sugar, cocoa, wheat, etc. there is tangible product that has value. However, with Cap & Trade, government regulators worldwide will create, out of thin air, Certified Emissions Reduction, or CER's, the development of competing markets to buy and sell CERs. Cap & Trade assures the rise of an army of regulators to oversee the entire business, which is fraught with the opportunity for fraud and manipulation by accountants, politicians, bureaucrats, utilities, manufacturers, airlines, trucking, railiroad, investment bankers, and hedge funds, etc. etc.! If you think the Savings & Loan/Resolutions Trust, Enron, Fannie Mae, Freddie Mac, TARP, Banking and Auto Bailouts were disasters, the potential debacle of Cap & Trade makes them all pale in comparison! CER's will be traded in commodity markets worldwide, however, unlike coffee, sugar, cocoa, wheat, etc, there is no underlying asset of value. By that I mean every tangible product has value and while the price of a tangible product goes up/down it is always worth something and never goes to zero. Such is not the case with CER's. When you buy a product/commodity, i.e. coffee, sugar, cocoa, wheat, etc. there is tangible product that has value. However, with Cap & Trade, government regulators worldwide will create, out of thin air, Certified Emissions Reduction, or CER’s, the development of competing markets to buy and sell CERs. Cap & Trade assures the rise of an army of regulators to oversee the entire business, which is fraught with the opportunity for fraud and manipulation by accountants, politicians, bureaucrats, utilities, manufacturers, airlines, trucking, railiroad, investment bankers, and hedge funds, etc. etc.!
If you think the Savings & Loan/Resolutions Trust, Enron, Fannie Mae, Freddie Mac, TARP, Banking and Auto Bailouts were disasters, the potential debacle of Cap & Trade makes them all pale in comparison!

CER’s will be traded in commodity markets worldwide, however, unlike coffee, sugar, cocoa, wheat, etc, there is no underlying asset of value. By that I mean every tangible product has value and while the price of a tangible product goes up/down it is always worth something and never goes to zero. Such is not the case with CER’s.

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