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Boehner, McConnell Blast Obama's Faux US-China Climate Deal

Tyler Durden's picture




 

With Boehner and McConnell already out blasting Obama's headline-grabbing emissions-deal with China...

  • *OBAMA INTENDS TO 'DOUBLE DOWN' ON JOB-CRUSHING POLICIES:BOEHNER
  • *OBAMA ANNOUNCEMENT 'CRUSADE' AGAINST AFFORDABLE ENERGY: BOEHNER
  • *MCCONNELL SAYS OBAMA EMISSIONS TARGET 'UNREALISTIC'

We thought a look at the 'faux reality' of the agreement would help clarify the farce: In the "historic" U.S.-China climate agreement this week, Beijing simply reiterated previously announced targets.

Authored by Zachary Zeck, originally posted at The Diplomat,

The big headline coming out of the second summit between Chinese President Xi Jinping and U.S. President Barack Obama is a climate agreement the two sides reached about cutting carbon emissions in the coming decades. News stories have used sweeping language like the “historic climate change agreement” to describe the deal.

 

This seems to greatly exaggerate the significance of the deal, at least from the perspective of China. In fact, in the agreement Beijing simply reiterates commitments it had previously announced.

 

According to the White House, the agreement states that “The United States intends to achieve an economy-wide target of reducing its emissions by 26%-28% below its 2005 level in 2025 and to make best efforts to reduce its emissions by 28%. China intends to achieve the peaking of CO2 emissions around 2030 and to make best efforts to peak early and intends to increase the share of non-fossil fuels in primary energy consumption to around 20% by 2030.”

 

As numerous news accounts have pointed out, this means the U.S. will cut its emissions at a significantly faster rate than it had previously announced. According to the New York Times, under the new deal the U.S. will “double the pace of reduction it targeted for the period from 2005 to 2020.”

 

This is unimpressive compared to the commitments China made, according to the same article. “China’s pledge to reach peak carbon emissions by 2030, if not sooner, is even more remarkable. To reach that goal, Mr. Xi pledged that so-called clean energy sources, like solar power and windmills, would account for 20 percent of China’s total energy production by 2030,” the NYT article stated.

 

Actually, China does not appear to have committed itself to anything new in the agreement. Indeed, following an Obama speech on U.S. climate policy back in June, China outlined its own future emissions policy. Specifically, He Jiankun, chairman of China’s Advisory Committee on Climate Change, told a conference in Beijing that China would set an absolute cap on its CO2 emissions when it released its next five year plan in 2016. He refused, however, to say what that cap would be.

 

Further tempering expectations, Reuters paraphrased He as saying at the time that “China’s greenhouse gas emissions would only peak in 2030, at around 11 billion tonnes of CO2-equivalent.” China’s emissions are currently around 7-9.5 billion tonnes. Reuters also reported that He said to achieve this goal, “The share of non-fossil fuels in China’s energy mix would reach 20 to 25 percent in 2030.”

 

To be clear, He later tried to walk back his comments in an interview with the South China Morning Post, stating, “This is still a proposal made by Chinese experts after extensive research, [but is] not yet a government decision.” Still, it would be extremely uncharacteristic for a Chinese official to announce specific targets unless something very close to a decision had already been made.

 

In that sense, the new deal hardly seems less like a landmark agreement and more like China reiterating what it had already announced, while Obama uses Beijing’s commitments as cover to accelerate America’s emissions reductions. To be fair, however, the New York Times article quoted above did report that the deal was “worked out quietly between the United States and China over nine months and included a letter from Mr. Obama to Mr. Xi proposing a joint approach.” Thus, it is possible (though seemingly unlikely) that negotiations with the U.S. is what spurred Beijing to set these targets in the first place, and the agreement was just reached five months in advance.

 

Still, at the very least, the agreement announced this week provided little new information about China’s climate policy.

*  *  *

So Obama folded, the Chinese didn't move, and Republicans are not impressed.

 

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Wed, 11/12/2014 - 11:33 | 5440215 pods
pods's picture

So does China have to tell us when they launch a missile off the coast of LA now?

pods

Wed, 11/12/2014 - 11:39 | 5440244 stant
stant's picture

No the google barges scared them away

Wed, 11/12/2014 - 11:46 | 5440270 GetZeeGold
GetZeeGold's picture

 

 

 

OK.....officially that was not a missile.

....and sure didn't end up in Washington state.

 

Wed, 11/12/2014 - 14:18 | 5440945 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

<<< Don't trust a word China or the US says

<<< Trust what China or the US says

Wed, 11/12/2014 - 11:39 | 5440245 Aeternus
Aeternus's picture

What's the point of launching it if it's already here?

https://www.youtube.com/watch?v=Od9D6TECSa0

Wed, 11/12/2014 - 11:49 | 5440282 Hobo Sapien
Hobo Sapien's picture

OT: Rosetta comet landing livecast now: http://new.livestream.com/ESA/cometlanding

7:47 now, in the landing window - looks like something may have gone wrong about 7:40am pacific.

Wed, 11/12/2014 - 11:55 | 5440299 Headbanger
Headbanger's picture

COOL!

Maybe they'll finally find Jimmy Hoffa!

Wed, 11/12/2014 - 14:20 | 5440949 williambanzai7
williambanzai7's picture

Hoffa is sitting in a vault on Maiden Lane.

Wed, 11/12/2014 - 12:32 | 5440315 Hobo Sapien
Hobo Sapien's picture

Watching this with the Tangerine Dream soundtrack for "Sorceror" playing in the background; yes, I've been watching some great cheesy scifi/horror movies from the 50's lately. Strange to see aerospace engineers and project managers wearing hoodies.

edit: group hug at 8:03, I guess that's good.

edit2: They say it landed. Everything since has been political blather, not data. Oh well.

Wed, 11/12/2014 - 12:06 | 5440345 drendebe10
drendebe10's picture

Another great accomplishment by the incompetent corrupt arrogant narcissistic illegal indonesian kenyan alien muslim sociopathic pathological liar in chief fudge packer w chicken legs.

Wed, 11/12/2014 - 12:18 | 5440415 Theta_Burn
Theta_Burn's picture

True.

But, so what?

Obama is destrying the country...intentionally, this is undisputed at this point

But Boner and McConnell, actually coming out in full court press for this? what a fucking joke, where is the outrage about the deficit? obama care? the cock smokers who are making millions in one rigged trade?

And countless other forgotten scandles

Our "enemies" inking deals worth multi billions and zero comes back with a door prize... that nobody will even adhere to. for this these jerkoffs put their best suits on...

 

Again, what a fucking side stepping joke...

Wed, 11/12/2014 - 12:58 | 5440606 t0mmyBerg
t0mmyBerg's picture

Not sure why the downvote.  For sure Obama is an asshat.  But why would McConnell and Booehner respond with vitriolic rhetoric?  I mean just ignore the bumbling useless fool.  Or say something sarcastic or demeaning.  That said, the idea that climate change has become a number one priority that threatens national security is just laughable.  The Administration is a Joke.  Kerry?  Joke.  Hagel?  Joke.  Obama?  Joke.  We shall see how the next couple of years turn out.  The last time Republicans had the whole Congress they blew it badly.

Thu, 11/13/2014 - 04:56 | 5443253 Dakota Kid
Dakota Kid's picture
To: Boehner and McConnell

Don't just pretend to bitch about it, get up of your lying asses and do something about it.

Wed, 11/12/2014 - 12:54 | 5440586 KnuckleDragger-X
KnuckleDragger-X's picture

A Marxist and a Maoist walk into a bar.....

Wed, 11/12/2014 - 12:06 | 5440347 drendebe10
drendebe10's picture

Another great accomplishment by the incompetent corrupt arrogant narcissistic illegal indonesian kenyan alien muslim sociopathic pathological liar in chief fudge packer w chicken legs.

Wed, 11/12/2014 - 19:49 | 5442185 SolidSnake961
SolidSnake961's picture

Job killer??? Reps are so dumb it amazes me every day....how about we relocate boner and his republican friends in an area with toxic waste, fracking, and a neighborhood coal mine and see how their health looks......seriously how is this a bad thing to help have cleaner air?? Why doesn't ZH point out the oil companies funding GOP?

Wed, 11/12/2014 - 22:41 | 5442734 Billy the Poet
Billy the Poet's picture

CO2 is not a pollutant.

Wed, 11/12/2014 - 11:35 | 5440222 kliguy38
kliguy38's picture

Two numbnuts calling out a another numbnut............ughhhh.......we're foched

Wed, 11/12/2014 - 12:09 | 5440369 ParkAveFlasher
ParkAveFlasher's picture

I love how Republicans are all acting like a dodgeball team coming off the bench...like Dee Snyder singing "We Ain't Gonna Take It"...nevermind that none of these guys get to work each morning without a Federal Reserve printing money for them to pay their drivers with, and have free lunches for the same reason, all the while making sure that the populace has to use their reserve notes / coupons / bearer bonds to pay tax or else forfeit their right to own or trade ANYTHING.

Wed, 11/12/2014 - 12:13 | 5440388 lakecity55
lakecity55's picture

With "Mad Dog McCain's" party controlling the Senate, we have an increased chance for War.

The best thing about Bath House is he is too much of a pussy to attack Vlad or Xi with military force.

 

Wed, 11/12/2014 - 13:30 | 5440754 ParkAveFlasher
ParkAveFlasher's picture

The odds are ever in .gov's favor when it comes to the incidence of war.  It's either on the American people, or hey look at that, on the American people.

Wed, 11/12/2014 - 12:47 | 5440550 TheReplacement
TheReplacement's picture

WOT much?

Wed, 11/12/2014 - 11:37 | 5440229 buzzsaw99
buzzsaw99's picture

one leader is anticorruption the other is owebomba

Wed, 11/12/2014 - 11:38 | 5440232 FreeShitter
FreeShitter's picture

Boehner you limp dick motherfucker, do something then..instead of crying..oh wait that's right you are the political cuckhold and apart of this fucked up nwo.

Wed, 11/12/2014 - 11:46 | 5440269 mr1963
mr1963's picture

The EPA will enforce the "new regulations." Anyone not on government  assistance will pay twice what they pay now, use less, while the idiot in chief -- and those on government assistance -- will keep thermostats at 80 degrees. It's another wealth transfer. Get used to it. Boehner can do nothing except targeted defunding. Best you can do is vote and set your thermostat at 60 until this clown rides off into the sunset.

All you "change voters" should be very happy. Your white guilt might keep you warm if you're lucky.

Wed, 11/12/2014 - 12:36 | 5440500 AGuy
AGuy's picture

... And Burn through the remaining precious NatGas Supplies much faster. US NatGas fields deplete at about 24% a year (collectivity). Within four years, the US must find and drill it's entire NatGas consumption. With the Already pending Coal Plant Shutdowns, Utilities will be forced to switch over to natGas Fired Power Plants. Well see NatGas prices back up around $12 in the next two, perhaps three years (if we are lucky). Get your welcoming party ready for rolling blackouts in the USA!

 

 

Wed, 11/12/2014 - 11:46 | 5440271 FieldingMellish
FieldingMellish's picture

It's called "working together in a new spirit of co-operation" or something like that.

Wed, 11/12/2014 - 11:37 | 5440236 vegas
vegas's picture

Can anybody envision President Goebbels at a poker table? When you don't know who the chump at the table is, consider yourself it.

 

www.traderzoo.mobi

Wed, 11/12/2014 - 11:39 | 5440241 TuPhat
TuPhat's picture

Only Congress can make treaties according to the constitution.  If we had a real congress they would rein in the Presidential abuse of power that has been going on for many presidents.  Besides that we are having a record cold spell across the US.  We need more greenhouse gasses not less.

Wed, 11/12/2014 - 12:10 | 5440375 lakecity55
lakecity55's picture

If we had a real Congress, Leisure Suit Barry would be doing hard time at Leavenworth.

Wed, 11/12/2014 - 11:39 | 5440242 SoDamnMad
SoDamnMad's picture

Obama will stop all coal burning and Xi will "tell" us he has stopped burning. Of course you can trust China (just like BLS numbers)

Wed, 11/12/2014 - 11:47 | 5440274 mr1963
mr1963's picture

China commited to increasing their output from what I read. They don't even have to lie.

Wed, 11/12/2014 - 11:59 | 5440313 ClowardPiven2016
ClowardPiven2016's picture

USA will crush more coal fired energy production and China will slow down the building od new coal plants from one per week to three per month

Wed, 11/12/2014 - 11:39 | 5440243 Hamm Jamm
Hamm Jamm's picture

BoehnerObamaPutinJinping are FAKE actors on behalf of the NWO BANKS  !      Its all FAKE...  and they all need to go to jail

Wed, 11/12/2014 - 11:45 | 5440256 Creepy A. Cracker
Creepy A. Cracker's picture

This Global Cooling is going to kill us.

Wed, 11/12/2014 - 11:52 | 5440294 thatthingcanfly
thatthingcanfly's picture

All kidding aside, what kind of delusional mind accepts these Global Warmers' claims? Anyone with even a passing interest in geology knows the climate has been changing since the Earth formed 4 billion years ago due to forces that make mankind's influence seem like a mosquito bite on an elephant. Have any of these con artists ever heard of the Krakatoa eruption?

 

Wed, 11/12/2014 - 12:09 | 5440370 lakecity55
lakecity55's picture

Yes, just as anyone who studies science knows the Sun is largely responsible for the climate and its variations.

Wed, 11/12/2014 - 12:22 | 5440434 bbq on whitehou...
bbq on whitehouse lawn's picture

The ocean would beg to differ.

Wed, 11/12/2014 - 13:51 | 5440854 Svendblaaskaeg
Svendblaaskaeg's picture

Do not ask the ocean, ask the 3600 argo buoys

Wed, 11/12/2014 - 17:13 | 5441640 AchtungAffen
AchtungAffen's picture

Anybody who actually knows science knows that while the sun is an important part of climate, almost as important is the atmosphere.

Wed, 11/12/2014 - 17:12 | 5441639 AchtungAffen
AchtungAffen's picture

Anybody who has 2 grams of scientific brain knows your assertion are full of shit. Climate changes naturally. Pulling millions of years of stored carbon underground to the atmosphere in a geological nano-second is not a "natural" climate changer. and we've known for over a 100 years or more the effects of CO2 as in being a greenhouse gas.

Wed, 11/12/2014 - 11:56 | 5440301 Bear
Bear's picture

Sorry Duplicate

Wed, 11/12/2014 - 11:55 | 5440302 Bear
Bear's picture

Snowpiercer

Wed, 11/12/2014 - 11:43 | 5440258 venturen
venturen's picture

Obama Worst President EVER!

Wed, 11/12/2014 - 11:49 | 5440278 Creepy A. Cracker
Creepy A. Cracker's picture

Not even that good...

Wed, 11/12/2014 - 12:07 | 5440356 lakecity55
lakecity55's picture

Obama Worst FAKE President EVER!

Wed, 11/12/2014 - 11:55 | 5440272 EmmittFitzhume
EmmittFitzhume's picture

He's gonna go full Cloward-Piven now cause he's only go 2 years left. 5 million illegals granted amnesty and put on the entitlement roles...etc...the list will grow

Wed, 11/12/2014 - 12:06 | 5440344 GetZeeGold
GetZeeGold's picture

 

 

Black people are really gonna end up hating that guy....that's gonna end up decimating them....but they'll probably just be accused of being racists.

Wed, 11/12/2014 - 12:57 | 5440572 Millivanilli
Millivanilli's picture

5 million? HAHAHAHAH 

 

try 20-25 million.  

Bring us your poor, diseased, destitute, and we'll give them ebt cards because there aren't any fuckin jobs. 

 

Amnesty is a corporate wet dream.

Wed, 11/12/2014 - 11:48 | 5440273 youngman
youngman's picture

But it shows how weak Obama is on the world stage....he needed a headline for this trip...so he made one up...and gave away the goose with the deal...now he has no eggs...he has no idea what he is doing in the world stage...but he wants to look good....he is an empty suit....from here on out the rest of the world will take advantage of that bigtime....

Wed, 11/12/2014 - 11:52 | 5440279 JPMorgan
JPMorgan's picture

Pretty ironic considering China has just signed a second huge Russian gas deal.

I guess the consensus is gas is clean, or cleaner than coal at least, hence emissions will come down in the years to come.

Plus China is investing heavily in solar according to Leeb.

Wed, 11/12/2014 - 11:49 | 5440280 autofixer
autofixer's picture

Obamao couldn't get a trade deal done, but was able to get a trade and jobs crushing deal hammered out?  Of course. It is going according to plan, Comrade.

Wed, 11/12/2014 - 12:07 | 5440349 lakecity55
lakecity55's picture

"Our Agent is doing well, Xi."
"Yes, Vlad, but there is the issue of his being a triple agent."
"As long as his ISIS soldiers do not attack us, we should be OK. He is muslim, after all."
"Haha, I hid his prayer rug at APEC."
"I sent some girls to his room! Man, the guy was bummed out!"
"Hahaha, let's get a drink!"
"Yeah, we can watch the spy films of him and Reggie."
"I like the one where Bath House wears the maid uniform."

Wed, 11/12/2014 - 11:49 | 5440283 Farmer Joe in B...
Farmer Joe in Brooklyn's picture

I have to give obama credit for his ability to manipulate people via the press.  Why are people so fucking gullible and stupid...?? 

I really wish I could live long enough to read about the collapse of the US in history books.  I don't think history will be very kind to King Obama.

Wed, 11/12/2014 - 12:03 | 5440332 BustainMovealota
BustainMovealota's picture

Watch the movie Idiocracy,  explains it pretty well.

http://www.imdb.com/title/tt0387808/

 

http://s27.postimg.org/g90qjht2r/218.jpg

 

Wed, 11/12/2014 - 12:42 | 5440522 kowalli
kowalli's picture

2 more years is enough

Wed, 11/12/2014 - 12:03 | 5440308 rejected
rejected's picture

And everyone wonders why there is no production, or the jobs that go with it, for the poor millennials who blame us boomers. 

Wed, 11/12/2014 - 13:01 | 5440616 combatsnoopy
combatsnoopy's picture

I'M NOT A MILLENNIAL.  The boomers own this one.  YOUR voting/fiscal majority sponsored the lobbyist brain children smoking what the boomers refused to quality control.  Just like your boomer Nazi Victoria Nuland. 

Millennials MIGHT be doing better.  I'm on the cusp of X & &--- we're doing way better than that.  Just trust me on this one.

 

Wed, 11/12/2014 - 11:58 | 5440309 Unstable Condition
Unstable Condition's picture

China has been investing heavily in Thorium reactor research. If they corner that market, they will be the lone super power in the world.

All the while, we continue to chase the solar/wind power fairy tale. All based on the false CO2 scare.

http://sourceable.net/china-pushes-for-thorium-reactors-by-2024/

Wed, 11/12/2014 - 12:04 | 5440340 Creepy A. Cracker
Creepy A. Cracker's picture

Can we hack their computers and steal the technology they way they steal ours?

Wed, 11/12/2014 - 12:15 | 5440403 Unstable Condition
Unstable Condition's picture

They were basically given the tech that exists for the reactors by us for free.

I'm sure we will 'monitor' their results covertly.

Wed, 11/12/2014 - 12:09 | 5440367 firstdivision
firstdivision's picture

Thorium is the future for reliable energy, but US companies complain it is too expensive.  I wish for the days of yore that I read about how companies dumped large amounts of income into R&D and CapEx, instead of today where all the income is dumped into shareholders accounts and stock buybacks.  The amount of resources wasted to support current stock valuations is idiotic.

Wed, 11/12/2014 - 11:59 | 5440318 moneybots
moneybots's picture

“The United States intends to achieve an economy-wide target of reducing its emissions by 26%-28% below its 2005 level in 2025 and to make best efforts to reduce its emissions by 28%"

 

How much carbon did Obama emit, flying over to China?  What is the total of carbon emitted by Air Force One since Obama has been President?

 

Wed, 11/12/2014 - 12:00 | 5440319 lakecity55
lakecity55's picture

"Will this kill more jobs?"
"Yes, Mr Leisure Suit."
"Find a way I can use my pen and phone on this, minion."
"Yes, my Emperor..."

Wed, 11/12/2014 - 12:06 | 5440350 firstdivision
firstdivision's picture

Send Boehner to CA, he can easily cure their drought problems.

Wed, 11/12/2014 - 12:07 | 5440352 orangegeek
orangegeek's picture

There's no one to monitor this bullshit.

 

True barry is a cartoon, but this is really a non event.

 

barry will be a good boy or he loses his funding for his pet projects - and that could get very ugly for his supporters.

Wed, 11/12/2014 - 12:10 | 5440368 marcusfenix
marcusfenix's picture

and once again, Putin is making deals that make money and that advance Russia's economic and geopolitical standing...

Obama...pretty much the complete oppisite.

what's funny is the white house actually tried to trump holy grail gas deal part two with this bullshit.

this is exactly why he belonged standing off to the side with the wives club in that photo, though it probably would have been better still if he had just skipped the whole thing and stayed out on the links. 

Wed, 11/12/2014 - 12:16 | 5440405 Emergency Ward
Emergency Ward's picture

He couldn't resist dressing up and posing in that (ill-fitting) Mao costume.

Wed, 11/12/2014 - 12:15 | 5440394 gaoptimize
gaoptimize's picture

The goals will be realized by de-industrialization and destroying the affordability of the energy that fuels a middle class lifestyle.  It's time for the Amish to start offering summer camp and weekend classes on comfortable living with 1870's energy inputs.

Wed, 11/12/2014 - 12:17 | 5440411 casfoto
casfoto's picture

Amazing how stupid the people of this country can be.....short memories, brought about by entertainment and propaganda. We just put into power the same people that caused the massive blow up of the stock market/ world contagian/ brought to you by the best criminal minds that are out there. We don't need democrats/republicans because they are intrenched in the system. We need a complete sweep of the entire system. We need jail time not fines.

Obama is not weak on the world stage. The US is weak on the world stage......remember that we are the ones that caused the world collapse. Our criminals on top...our politicians/bankers etc are now despised world wide. Most of the world rejoiced when Obama was elected because the Bushters were sooooooooooo hated. They didn't realize that the new boss is the same boss because of the massive entrenched power that exists in this country....it is all about money.

Wed, 11/12/2014 - 12:20 | 5440421 p00k1e
p00k1e's picture

Boehner has a crying buddy.

 

 

Wed, 11/12/2014 - 12:24 | 5440432 Yen Cross
Yen Cross's picture

   Totus is completely unstable, and wouldn't know the meaning of gravitas if you plastered it on his teleprompter. He's a dangerous little child that lives in Fantasyland, and has no understanding of global politics.

   Here's another Obungle for everyone. It's one thing to have military secrets stolen and quite another to hand them to your fucking enemies. This POS should be hanged for treason along with the rest of his corrupt thieving cabinet. When brains got passed out Obungler got a childs portion.

   Why the US Sent a C-17 to a Chinese Air Show Despite Concerns Inside the Pentagon - Defense One

Wed, 11/12/2014 - 13:15 | 5440674 I Write Code
I Write Code's picture

I'm not sure what's the deal on this, the C-17 is 30 year old technology, the Air Force refuses to build more because a new design would fly at half the cost, so what's supposed to be so sensitive about an exhibit?  If the Chinese attack it in flight to they can learn about the defenses that might be revealing but I don't think that's on the schedule.

Wed, 11/12/2014 - 12:39 | 5440510 SmittyinLA
SmittyinLA's picture

They both signed off on this deal a year ago, they'll roll over like the $2 whores they are

Wed, 11/12/2014 - 12:54 | 5440581 the grateful un...
the grateful unemployed's picture

jobs to china, you stupid bastards shipped those jobs out two decades ago, now you think putting a symbolic carbon cap on Chinas 19th century industry is going to change something? China is choking on its own pollution, and we should be concerned, but the Chinese worker is just grist for the wall street profit mill. so the liberals pay lip service to human rights, or (someone elses) right to breathe clean air. the gay tea party challenger for the 52nd rep in CA lost by the narrowest of margins, after spending a ton of GOP family values conservative money on 7/24 TV attack ads. since the demographics in 52 are shifting left that was something of a surprise. the midterms ARE a referendum on the tea party, the GOP is all to happy to have these guys and count them as REPUBLICANS, then try to control the debate after they bring them in. this China issue is nothing, just the old school trying to keep the kids away from the budget ceiling and other goodies that make the birpartisan one party system run so smoothly. the real noise has not yet been heard

Wed, 11/12/2014 - 13:09 | 5440646 I Write Code
I Write Code's picture

Peak pollution in 2030?  That's supposed to be good?  LOL.  Everyone in China will be dead from pollution at this rate by 2029.  We already get a dose of China dust and pollution in Los Angeles every time there's one of those dust storms in the Gobi desert.

Wed, 11/12/2014 - 13:10 | 5440651 combatsnoopy
combatsnoopy's picture

I can only fathom that these UNCOLLATERALIZED Carbon Credits will be replacing the petrodollar's liquidity for the banks. 

It's obviously not about "global warming"/"climate change" or whatever the alibi might be today.

Ironically, China and Putin just signed a natural gas deal.  

The Shanghai and Hong Kong exchanges will be linked on Nov 17th, 2014 if things go right.  Add the developments incl. currency swaps between China and Qatar, the new oil deals with IRan, Russia, etc... let's put it this way.  Korean gov. holdings of Remnimbi spiked from 290 to 16.19 billion, a 55 fold increase from last year.  (South Korea is playing this right)- just over a quarter of their foreign currency holdings is Remnimbis.  

Somewho the SCO has members that whose oil is traded by Vitol.  (Russia, Kazakhstan...)

Somebody is maad that oil prices will drop below $100/barrell.

The sad part is that in order to actually fix the US economy, Obama should've put that much energy and passion into get China to remove barriers to the US financial sector.

Russian energy companies MIGHT be listed on the Chinese exchanges. (this info appears to be censored)  

How many U.S. companies are listed on the Chinese exchanges?   Obama is a joke. 

 

 

Wed, 11/12/2014 - 13:19 | 5440698 Atomizer
Atomizer's picture

Obama just sharted and had no copenhagen carbon tax credit available. He closed his hand of poker cards. Reggie held his hand walking out the door. 

Wed, 11/12/2014 - 13:33 | 5440770 NoWayJose
NoWayJose's picture

We should implement the whole deal and shutdown American factories - just as soon as you can actually see the building across the street in Beijing.

Wed, 11/12/2014 - 13:40 | 5440808 Atomizer
Atomizer's picture

Legally under the Constitutional Laws, we own the White House. We can evict the Kenyan family on criminal crime. 

Don't wait for SCOTUS to tell you that the White House is a taxpayer obligation 

Wed, 11/12/2014 - 13:50 | 5440853 bondman1
bondman1's picture

China has 22 working nuclear reactors with 26 under construction. They have future plans for 100 more. That should make it easy for them to achive their non fossil fuel goals. I didn't see that mentioned in any of the "breakthrough agreement" press releases.

Wed, 11/12/2014 - 14:11 | 5440916 pupdog1
pupdog1's picture

The usually uber-servile AOL did a photo slideshow today on Oboingo's China gum chewing gaffs in formal settings. More disgusting than one could imagine.

No self-awareness whatsoever, like a child.

Wed, 11/12/2014 - 15:33 | 5441093 Sun and Moon
Sun and Moon's picture

So basically, the US agrees to reduce emissions by 26-28% by 2025 and China agrees to continue increasing its C02 emissions during the same period. What a shrewd deal!

So how will this be implemented? Let me guess. Obama will sign an executive order mandating emission cuts starting in 2017?

Wed, 11/12/2014 - 15:26 | 5441210 SheepDog-One
SheepDog-One's picture

Much bickering ensues between fake political parties.....but notice none of them dare go after a Wall St bank.

Wed, 11/12/2014 - 16:11 | 5441400 starman
starman's picture

I smell a Nobel peace prize coming!

Wed, 11/12/2014 - 18:03 | 5441803 Berspankme
Berspankme's picture

Obola is really a shrewd negotiator. I'll bet Xi is still laughing. "Where did this fucktard come from?"

Wed, 11/12/2014 - 20:59 | 5442405 22winmag
22winmag's picture

I always knew Obomber was a tailpipe sniffer.

Wed, 11/12/2014 - 21:58 | 5442596 jacship
jacship's picture

The big headline coming out of the second summit between Chinese President Xi Jinping and U.S. President Barack Obama is a climate agreement the two sides reached about cutting carbon emissions

translation

Carbon TAX

USSA, EU, = Everything goes up in price to include this new TAX, utilitys double, than triple

CHINA= nothing changes, and have 2030 to pollute

 a TAX

Wed, 11/12/2014 - 22:57 | 5442769 MEAN BUSINESS
MEAN BUSINESS's picture

pssst, hay USA, China and everyone else, is prepared to leave you behind in the dust in Paris, but they'd rather you sign on : ) Obama's REAL legacy...

"... will be held accountable... " Dr. M. Jarraud, WMO, 02NOV14

Millennials will be sitting around when they're our age and someone will bring up the subject of AR9 LOL

2084 an oral history... though i'm more 2112 LOL

As for this ZH article?, we're on the road to a legally binding commitment and something some fuks said in NOV 2014 matters much? important in the minds of some fuks. Boner for example.

Wed, 11/12/2014 - 23:12 | 5442808 MEAN BUSINESS
MEAN BUSINESS's picture

Hay manipufuk, tell me again how the official final release of AR5 wasn't "biznewsworthy" here amongst the cats so I can appreciate how this art(icle) on O(bama) is LOL

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