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Carbon Credit Market Imploding: CCX now 10 cents a tonne
Watts Up With That?
Friday, Oct 2nd, 2009
We knew this was coming. Carbon Financial Instruments are now trading for 10 cents per metric tonne on the Chicago Climate Exchange. I wonder if the investors are reacting to the Hockey Stick Implosion news? As reported on WUWT, less than one month ago it was 25 cents a tonne, and a year ago it was over 1 dollar. The all time high was May 2008 at over 7 dollars a tonne. Today: poof.
Source: http://www.chicagoclimatex.com/market/data/daily.jsf Looks like there was a big sell-off today. Carbon Investor confidence must be “unprecedented”.
The chart is only a sliver from rock bottom:
Anyone who was a founding member at 1 dollar has now lost 90% of their investment.
Tough noogies for them.
In other news, Zimbabwe dollars are still selling for higher value than CCX CFI’s on Ebay.
I wonder if this fellow might have to drop his price for the domain name? Maybe he’d take a barter deal for some CCX instruments?
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21 Responses to “Carbon Credit Market Imploding: CCX now 10 cents a tonne”
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October 2nd, 2009 at 4:18 am
1992: http://video.google.co.uk/vide.....firefox-a#
2009: http://www.jpmorganclimatecare.com/
October 2nd, 2009 at 4:49 am
Errr… should I buy or sell now?…
mysoupspellsoooooooo Reply:
October 2nd, 2009 at 3:15 pm
buy and i got another great investment for you pet rocks can i put you down for 1million?
shocked and awed Reply:
October 2nd, 2009 at 5:43 pm
No NO Buy my pogs! Then we’ll talk Special Edition Superman with multiple covers.
October 2nd, 2009 at 5:20 am
What a pump and dump scheme this one was. LMAO.
October 2nd, 2009 at 7:54 am
To restore the value of these CCI’s, our governments will probably pass even more extreme ‘carbon emission legislation’. The next thing will be to give everyone a carbon tax bill where they get billed according to how much carbon they use from air flights, train and car journeys, gas/electricity bills to the amount of refuse put out.
October 2nd, 2009 at 9:44 am
What a load of shit…please, it’s an invisible gas that is as natural as spring water, yet Al Gore and Obama want to demonize Gaia and her gifts to us, by putting an Imaginary front up that we are going to destroy the world if we don’t do as we are told.
October 2nd, 2009 at 10:02 am
Zimbabwe dollars…..HAH! Funniest thing I’ve heard all day.
October 2nd, 2009 at 12:00 pm
Hear me out before you immediately discredit anything I have to say….But Carbon Credits will be big next year! A great time to buy would be now at the rock bottom price. I have no reason to promote this…I actually think it is a terrible idea!!!!!! But knowing how radical environmentalists are and how much power they seem to possess in our Congress one would be wise to not dismiss this as the death throws of the CCX! Too many people have too much riding on this for it to be scrapped!! Al Gore, Obama, Maurice Strong…and their gangster friends can swoop up on the bargain basement price and horde these credits for when the CAP AND TRADE legislation passes through Congress sometime later this year or early next!! Don’t be duped! TOO much money and time has been put into The Chicago Climate Exchange and this idea of carbon credits!!! It will not simply vanish!!! BUY BUY BUY!
learn a little Reply:
October 2nd, 2009 at 1:56 pm
^ my feelings exactly.
the heighth of fashion Reply:
October 2nd, 2009 at 2:56 pm
Yes I see your point plato, they could be worth a punt at the price. But having a financial interest in this hoax is tantamount to treason, is it not? Surely better to allow the thing to become a laughing stock, that no-one has any belief in.
mysoupspellsoooooooo Reply:
October 2nd, 2009 at 3:20 pm
Yea but if you want to be a con-man why not start your own carbon credit firm you are selling nothing…well ok basically the equivalent of pet rocks i guess.
October 2nd, 2009 at 12:08 pm
Ha-ha! This is excellent news. The “Chicago” bit doesn’t instill a lot of confidence, either.
“Anyone who was a founding member at 1 dollar has now lost 90% of their investment.
Tough noogies for them.”
How about the poor schmucks who lumped on at 7.00?
Probably pension fund managers, know what I mean? Nudge, nudge, wink, wink.
October 2nd, 2009 at 12:44 pm
Back in the day, the two entities most involved in carbon credits were the US Government and Enron. That’s all I need to know.
October 2nd, 2009 at 12:58 pm
How I hate this man.
October 2nd, 2009 at 2:50 pm
Bob Dylan Retains Same Illuminati Law Firm as George W. Bush in Fifteen Year Plagiarism Law Suit. Also suppresses Plaintiff’s First Amendment Rights acquiring a protective order designating all video taped depositions that are incriminating to Dylan confidential
Bob Dylan & his law firm acquired a confidentiality order in a fifteen year plagiarism law suit designating all discovery materials including fifty hours of incriminating video taped depositions as confidential suppressing Plaintiff James Damiano’s first amendment rights to warn the public of Judicial favoritism and corruption.
Camden NJ 2009 -Few artists can lay claim to the controversy that has surrounded the career of songwriter James Damiano. Twenty-two years ago James Damiano began an odyssey that led him into a legal maelstrom with Bob Dylan that, to this day, fascinates the greatest of intellectual minds.
As the curtain rises on the stage of deceit we learn that CBS used songs and lyrics for international recording artist, Bob Dylan. Bob Dylan’s name is credited to the songs. One of those songs is nominated for a Grammy as best rock song of the year. Ironically the title of that song is Dignity.
Since auditioning for the legendary CBS Record producer John Hammond, Sr., who influenced the careers of music industry icons Billy Holiday, Bob Dylan, Pete Seger, Bruce Springsteen and Stevie Ray Vaughan, James has engaged in a multimillion dollar copyright infringement law suit with Bob Dylan.
As per court papers it is judicially uncontested by Bob Dylan and or Bob Dylan’s law firms Manatt, Phelps & Phillips , Parcher Hayes & Snyder, Gibson Dunn & Crutcher, Heck Brown and Sherry and Sony House Counsel that Bob Dylan and people in Bob Dylan’s entourage have solicited James Damiano’s songs and music for over ten years and eleven months.
Interestingly enough Judge Jerome B. Simandle decided “This court will accept as true Plaintiff’s allegations that Sony represented to him that he would be credited and compensated for his work if Dylan used it. Judge Simandle also stated in his decision “Plaintiff has demonstrated a genuine issue of material fact as to whether defendants had access to his work.
After fourteen years of litigation, ten thousand pages written, fifty hours of video taped deposition
which are incriminating to Bob Dylan and after at least seven and a half million dollars have been spent on this
litigation, Bob Dylan still to this date has not filed a counter or slander suit against James Damiano
October 2nd, 2009 at 4:53 pm
This is insanely obvious! Carbon is going for the daily rate in the Carbon Credit Market. The climate is only worth the highest bidder today.
October 2nd, 2009 at 4:55 pm
Chicago Climate Exchange? What a frickin crock!
October 2nd, 2009 at 5:18 pm
What’s algores’ fat ass worth ???????? Render out the lard. Not worth anything !!!!!!!!!!!!!!
October 2nd, 2009 at 9:31 pm
Gold is gonna do the same thing.
October 3rd, 2009 at 4:48 am
Folks, some of these “climate claas assets” “investors” just know:
around Christmas Holidays will be public exhibition of FREE ENERGY TECHNOLOGY
No solar, no wind, no combustion, no cold fusion, no geothermal.
Carbon Credit will like Fantasy of South Sea Bubble.