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What is it?

Title:

What is it?

Published: Wed, 8 Jul 2009

Description: Caller asks what 'Cap and Trade' means

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Automatically Generated Transcript (may not be 100% accurate)

" Bobby in Dayton Ohio Bob thank you so much -- waiting around the consul would you."

" made a great. So what what what that was what exactly does cap in trade mean immunity that the biggest problem I have with. By every reference to that is they don't explain what really none of the allowance."

" Dormitory are no stake in Q well Bob that you know I've I apologize because what's happened is evidence of many shows about it. That I forget that that it is I started doing that but I don't know months and months ago because of the fact there was a lot of people that did not know had no idea what it was and you ask a very very legitimate question. About what it is and it is a system. Where you have. A cap put on the emissions. Into the atmosphere. Of carpet. -- so you can if you are. They're going to put a pet that they're gonna make it so that you can continue to do that to a certain amount. But then you have to offset it by buying credits from somebody who doesn't emit carbon into the atmosphere and."

" Okay so by that many kids do my. My kids count as carbon you know."

" Yeah outlets are breathing. Now I've made it does get down -- it got -- measured I I'm I'm scrambling while I'm talkin' to you about. They haven't measured in two laden. Into one of one how how much you can put out into the atmosphere and I'm looking for right now but basically anybody -- manufactures anything. -- the big. Business. Primarily -- local utilities. In order to make electricity and things like that that'd they've got to. The -- things in the atmosphere so -- What happens and you goal where you buy Jumbo deal so if -- if your local electric company has to buy. A credit so they can -- things into the atmosphere. That is the cost of them doing business is gonna go up in the gonna pass that on view and then. And I wish I had the years -- Grammy goes out for. I don't know 1020 years and then they don't even let them by. Credits anymore after that. You just can't put out any more than a certain amount legacy lower carbon and what that what -- but the theory behind it is is that there for. The utility will go out and try to figure out some alternative energy that doesn't emit carbon in the atmosphere."

" it seems like ever ever since I was the kid I was I was told that you know we're all gonna start out. That the guy who figured out a way to speed the plane gets. Crucified because he uses them. -- get the job done global cooling real gonna freeze to death then we're all gonna get burned by the rain because the tanning industry. The -- ticketing industry acting like it is like every bit of business that. Is doing well. At all the United States is attacked from within by people do. I don't know feel guilty about how good we have -- here."

" Dot I'm sure some of that marred the of the kinda go around wringing her hands feeling guilty there's another group. Though is saying hi to make some money off of this and I'll tell you one of the place that it."

" Why all the fight disagree because they are not all the that the majority of incidentally can get. Government bond or there."

" Yes sir. Yes or is like the way you go through school you'd tell the teacher what you want you gonna -- a good grades you'd tell the scientific community what they want they pay you money for your study but. But here's the other part behind all of this is that. The folks on Wall Street you're gonna miss specially in the commodities futures trading in the pits they're gonna make a fortune -- these are going to be traded on the Chicago mercantile action news there's gonna be a boatload of money be made honestly I don't know why I'm against this I should before I wanna go train them."

" But but but but but the whole thing -- to get it -- in the but 95% of all greenhouse gases in the in the atmosphere is water vapor. So you think about I think car it puts out. Water --"

" Well like like the guys said you know for you to emit CO2. You have to bring yet to breathe in oxygen you do that every breath you take right so. No I just think we audit we ought to if you weeks we should somehow get due to reduce your breathing."

" But you know -- people that would come to the same and is that the world would be better off that there were less human gone yes and they have no big old band or -- you know make any kind of compromise on map point but every day where. Pushed to compromise. For them in the their beliefs and it's and things that -- thing."

" You understand Al Gore says this is the same is fighting the Nazis okay."

" Yeah act it -- they think core samples from Hawaii and the Arctic and compare them and they say they're equal and it's insane -- to a when it went back to African volcano and the other ones you know it's it's the whole thing is just disgusting."

" is questionable blew them away Bob. Thank you for the call we appreciate it very much."

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