cup and handle, page-30

Seamfiend,

'Nem Guru' - very funny. Jack of all trades, master of none is closer to the mark lol.

I had a similar squiggly line episode, so your not alone. Funny how that basic economics of distinguishing movements of demad/supply curves versus movements along an existing supply/demand curve is really difficult at first. There are only two things to it really: think rationally and use a ruler lol.

I'd have to agree that there is nothing wrong with carbon trading as an environmental solution. It comes under the "market friendly" banner of approaches that contrast with the heavy handed, interventionalist approaches of the past (ie production taxes, quota's). However, it starts to get worrying when the mechansim gets politicised as per K Rudd. Claims some large % of the consuming population will benefit from a carbon trading regime are real worrying signs in this regard. A basic principal of internalising an externality is that the "polluter pays". By extension - the consumer must also pay. Its smoke and mirrors to suggest otherwise. It would mean the extenality would not get fully internalised and/or that the consumer will pay indirectly instead.

Good few months coming up for UCG with CNX electricity production, and LNC/CXY ignitions. I'm 90/10 in favour of world markets broadly holding in that timeframe. Fingers crossed.

Cheers
Bleasby