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Re: Re:Trains or trolls? Markets? Yeah right?
Author: BOB2
Date: 09-09-2016 - 17:30
Since you vaguely alluded to funding the intercity rail corridors in this litany of nonsense and stupidity, so I guess I'll get suckered in, with this one.
Almost all of the cap and trade is being used to backfill the HSR, with a few scraps to the TIP.....not nearly enough to make any real dent in the backlog of rail corridor projects.
And, CARB had better plan to figure out how to get a better price than the $5 a ton in the free market these credits seem to get. CARB tried to set a "floor" with a minimum bid of around 12.75 a ton, and less than ten percent were sold. Last months "auction" was another poor one.
Any attempt to "fool" the "market", with a program which is really being run to generate state revenues, by trying to arbitrarily set absurdly high minimum is guaranteed to fail. Because, even though this may be a surprise to many planning majors, that's just not how real free competitive "markets" work. It's the markets that "set" the price folks are willing to pay, not the politicians, or bureaucrats.
Oh well?
Almost all of the cap and trade is being used to backfill the HSR, with a few scraps to the TIP.....not nearly enough to make any real dent in the backlog of rail corridor projects.
And, CARB had better plan to figure out how to get a better price than the $5 a ton in the free market these credits seem to get. CARB tried to set a "floor" with a minimum bid of around 12.75 a ton, and less than ten percent were sold. Last months "auction" was another poor one.
Any attempt to "fool" the "market", with a program which is really being run to generate state revenues, by trying to arbitrarily set absurdly high minimum is guaranteed to fail. Because, even though this may be a surprise to many planning majors, that's just not how real free competitive "markets" work. It's the markets that "set" the price folks are willing to pay, not the politicians, or bureaucrats.
Oh well?
