For those who have tracked the development of the theory of manmade climate change in recent years, it seems as if its adherents thrive on a succession of purported crises. It is as if every study which is debunked, every scandal which discredits the prophets of doom, and every economic failure associated with the climate change theory has sparked two more crises to take their place.
On Election Day 2010, Reuters noted briefly that Intercontinental Exchange Inc. (ICE) was “shedding some 40 employees from its … Chicago Climate Exchange (CCX) by the end of the year, with further cuts [expected] in 2011.” In its curt announcement, Reuters said that all trading on that exchange had virtually stopped in July “due to the lack of U.S. action on climate change.”
Environmentalists do not seek control of just the U.S. economy; they seek international control as well. The oceans, however, remain largely free. Here may be the last true frontier of prospecting for natural resources. Such a prospect is proving increasingly likely in the area of minerals such as nickel, copper, cobalt, and manganese, which are essential to modern industrial economies.