JPMorgan Chase Confirmed as Target of Metals Price Rigging Prosecution

By Clint Siegner, Money Metals News Service – Re-Blogged From Headline Wealth

The U.S. Department of Justice investigation of criminal activity in the precious metals markets has taken an interesting new turn.

According to Bloomberg, prosecutors are targeting the bank itself and not just the individual traders involved in rigging prices. If convicted, the bank as an institution could be held accountable for years of structured and pervasive cheating.

The DOJ investigation of JPMorgan’s metals trading desk began more than two years ago. It came on the heels of a guilty plea by Deutsche Bank.

Deutsche Bank copped to spoofing prices and agreed to turn state’s evidence. DB then handed over hundreds of thousands of pages of documents, along with chat logs and voice recordings which featured traders gleefully conspiring with one another to cheat clients and other market participants.

Continue reading

Banksters Finally Hit with Racketeering Charges

By Clint Siegner – Re-Blogged From Gold Eagle

JPMorgan Chase and other bullion banks spent most of a decade screwing clients and investors who were naive enough to expect a fair shake in the precious metals futures markets. It was a solid racket.

Yet claims of price rigging were simply dismissed by financial journalists and regulators as conspiracy theory. The banks’ defenders were bolstered by a 5-year-long investigation by the compromised Commodity Futures Trading Commission (CFTC) which ended without a single banker being prosecuted.

Many goldbugs wondered if the racket would continue forever. Fortunately, much has changed over the past three years. Department of Justice prosecutors were able to secure a guilty plea from Deutsche Bank in late 2016.

Continue reading

Energy Transfer Files Federal RICO Lawsuit Against Greenpeace International, Greenpeace Inc., and Others

News provided by Energy Transfer – Re-Blogged From http://www.WattsUpWithThat.com

DALLAS, Aug. 22, 2017 /PRNewswire/ — Energy Transfer Equity, L.P. (NYSE: ETE) and Energy Transfer Partners, L.P. (NYSE: ETP) today filed a federal lawsuit in the United States District Court for the District of North Dakota against Greenpeace International, Greenpeace Inc., Greenpeace Fund, Inc., BankTrack, Earth First!, and other organizations and individuals.  The Complaint, which is Index number 1:17-cv-00173, alleges that this group of co-conspirators (the “Enterprise”) manufactured and disseminated materially false and misleading information about Energy Transfer and the Dakota Access Pipeline (“DAPL”) for the purpose of fraudulently inducing donations, interfering with pipeline construction activities and damaging Energy Transfer’s critical business and financial relationships. The Complaint also alleges that the Enterprise incited, funded, and facilitated crimes and acts of terrorism to further these objectives.  It further alleges claims that these actions violated federal and state racketeering statutes, defamation, and constituted defamation and tortious interference under North Dakota law.

Continue reading

Weekly Climate and Energy News Roundup #239

The Week That Was: September 3, 2016 – Brought to You by www.SEPP.org

By Ken Haapala, President, Science and Environmental Policy Project

Did Obama Sign? What? There were reports speculating that U.S. President Obama and Chinese President Xi Junping would officially sign the Paris Climate Treaty (Agreement) when they met on September 3, ahead of the G-20 economic meeting in Hangzhou, China. As of midnight US Eastern Daylight Time on September 3, noon Hangzhou daylight time on September 4, there were no official reports that such a formal signing had taken place. Several news reports stated that both groups announced ratification of the treaty. However, there may be a language problem. According to the Constitution of the US, the President cannot ratify a treaty, ratification requires approval of two-thirds of the US Senate. In closing hours of the Paris Conference of Parties (COP-21) ending December 12, 2015, the US delegation insisted on changing the document so it would not appear to be a treaty but a non-binding agreement. No doubt, there will be several interpretations of the theater taking place in Hangzhou. It may be another version of theater dating back to the period of the Six Dynasties. See links under After Paris!

#############################################

Continue reading

Weekly Climate and Energy News Roundup #238

The Week That Was: August 27, 2016 – Brought to You by www.SEPP.org

By Ken Haapala, President, Science and Environmental Policy Project

One More Step Towards the Sun: A team including Henrik Svensmark at the National Space Institute at the Technical University of Denmark (DTU Space) and Nir Shaviv of the Racah Institute of Physics at the Hebrew University of Jerusalem has found a strong statistical relationship between the sudden decline in observed galactic (high-energy) cosmic ray intensity following a coronal mass ejection with a decrease in the earth’s cloud cover. The declines in observed cosmic ray intensity following a coronal mass ejection are called Forbush Decreases, which is generally accepted. What is new is the strong statistical relationship (>95%) between Forbush Decreases and a near simultaneous reduction in cloud cover.

The study covered a relatively short 25-year period using four datasets, three satellite based and one ground based. In the laboratory, it has been demonstrated that galactic cosmic rays generate electrically charged molecules – ions – in Earth’s atmosphere. Ions have been shown to enhance the formation of aerosols, which can serve as seeds for the formation of the cloud drops that make up a cloud. The issue has been does it occur in the atmosphere? – which this study demonstrates.

Continue reading

Weekly Climate and Energy News Roundup #231

The Week That Was: July 2, 2016 – Brought to You by www.SEPP.org

By Ken Haapala, President, Science and Environmental Policy Project

State Attorneys General: The chronology of the subpoena of certain records of the Competitive Enterprise Institute (CEI) by Attorney General Claude Earl Walker of U.S. Virgin Islands becomes an interesting study of legal over-reach and pull-back. CEI general counsel Sam Kazman has a good re-cap of events in his summary: “Shake-Up in Subpoena Land.” –

“CEI was originally served with its subpoena on April 7. The document was issued by AG Walker, who had a District of Columbia court clerk issue a DC version, which could then be served on CEI. The subpoena demanded a full decade’s worth of CEI’s work on climate change and energy policy, much of which would have contained confidential information on our donors. It was an outrageous violation of both our First Amendment right and those of our supporters, and CEI made it clear that it wouldn’t comply.”

Continue reading

Weekly Climate and Energy News Roundup #227

The Week That Was: May 21, 2016 – Brought to You by www.SEPP.org

By Ken Haapala, President, Science and Environmental Policy Project

Observation and Experiment: Last week’s TWTW discussed a climate model that may work, the Russian Institute of Numerical Mathematics Coupled Model, version 4.0 (INM-CM4). The model tracks historic atmospheric temperature data very well. Virtually, all the other models do not. If a model cannot track historic data well, there is no logical reason to assume it can be successful in predicting the future.

Continue reading

Weekly Climate and Energy News Roundup #226

The Week That Was: May 14, 2016 – Brought to You by www.SEPP.org
By Ken Haapala, President, Science and Environmental Policy Project

A Climate Model That May Work: In his written testimony submitted to the US House Committee on Science, Space & Technology on February 2, John Christy of the University of Alabama in Huntsville presented the results of a basic empirical test. Do the climate models simulate what has occurred in the atmosphere since the advent of comprehensive satellite measurements of atmospheric temperatures in the last few weeks of 1978 – the only comprehensive global measurements of temperatures existing – and independently supported by four datasets from weather balloons, which are not comprehensive. The test period includes the entire satellite record from 1978 through 2015 – 37 years.

As Christy wrote:

“I was able to access 102 CMIP-5 rcp4.5 (representative concentration pathways) climate model simulations of the atmospheric temperatures for the tropospheric layer and generate bulk temperatures from the models for an apples-to-apples comparison with the observations from satellites and balloons. These models were developed in institutions throughout the world and used in the IPCC AR5 Scientific Assessment (2013).”

There were a total of 32 models represented in these 102 simulations. Of these 32 models only one tracked well against global mid-tropospheric temperature variations – the Russian INM-CM4. On average, the models overestimated global warming by 2.5 times that measured.

Continue reading

Misuse of The Law; Another Battle in the Climate Wars

Dr. Tim Ball – Re-Blogged From http://www.WattsUpWithThat.com

“In war, truth is the first casualty.” Aeschylus (525 BC – 456 BC)

Maybe my first payment from Exxon for my climate views will arrive with the subpoena from the Attorney General (AG) of the Virgin Islands charging me under the Criminally Influenced and Corruptions Organizations Act (CICO) for trying to tell the truth. This is the Virgin Island’s version of the Racketeer Influenced and Corrupt Organizations Act (RICO). Most who contribute to WUWT, are included because at the public event,

“Al Gore, announced that his new coalition would find “creative ways” to prosecute fossil fuel companies, individuals, and organizations who disagree with the catastrophic global warming narrative.”

Continue reading

Weekly Climate and Energy News Roundup #224

The Week That Was: April 30, 2016 – Brought to You by www.SEPP.org

THIS WEEK:By Ken Haapala, President, Science and Environmental Policy Project

Types of Climate Science: The four-minute video by MIT Professor Emeritus of Meteorology Richard Lindzen so concisely highlights the ongoing conflicts regarding the human influence on global warming, (now called climate change), that it bears repeating. The major issue: Does 20th century warming come primarily from human emissions of greenhouse gases, chiefly from carbon dioxide (CO2), or largely natural causes with other human causes such as land use change included.

Continue reading

Weekly Climate and Energy News Roundup #223

The Week That Was: April 23, 2016 – Brought to You by www.SEPP.org

By Ken Haapala, President, Science and Environmental Policy Project

Three Groups: MIT Professor Emeritus of Meteorology Richard Lindzen is featured in a very clear four-minute video explaining the ongoing conflicts regarding the human influence on global warming, (now called climate change), primarily from emissions of carbon dioxide (CO2). He divides the participants into three groups: 1) knowable scientists who largely agree with the findings of the UN Intergovernmental Panel on Climate Change (IPCC) and its 5 assessment reports (ARs); 2) knowable scientists who largely disagree with the findings of the IPCC that burning of fossil fuels may cause dangerous global warming, and 3) politicians, environmentalists, and the media. [It should be noted that a number of scientists in group 2 participated in earlier IPCC reports, including Mr. Lindzen, and departed from it. Some stated that the IPCC has become too politicized.]

Lindzen notes that the two groups of scientists who disagree on the effects of burning of fossil fuels largely agree on a surprising number of points.

· The climate is always changing.

· CO2 is a greenhouse gas without which life on earth is not possible, but adding it to the atmosphere should lead to some warming.

· Atmospheric levels of CO2 have been increasing since the end of the Little Ice Age in the 19th century.

· Over the past two centuries, the global mean temperature has increased slightly and erratically by about 1.8 degrees Fahrenheit or one degree Celsius.

· Given the complexity of climate, no confident prediction about future global mean temperature or its impact can be made.

Continue reading

Weekly Climate and Energy News Roundup #222

The Week That Was: April 16, 2016 – Brought to You by www.SEPP.org

By Ken Haapala, President, Science and Environmental Policy Project

Freedom from Fear? The Progressive politically movement began with the hope that government powers can be directed to do social good. In the 1880s it targeted political machines and their bosses, which were common in many cities in the East. Early national icons included presidents from both major political parties such as “trust-busting” Theodore Roosevelt, William Taft, and Woodrow Wilson. (In recent years, Wilson has been under severe criticism for his views and actions on racial segregation.). Among the national political actions attributed to the progressives are the national income tax, direct election of Senators, and the prohibition of alcoholic beverages and distilled spirits. Many progressives also embraced eugenics to scientifically select a better human race.

The only president elected to a third term (and 4th), Franklin Roosevelt, instituted major economic changes, called the New Deal, which is considered by many historians to be an extension of the progressive era. After World War II revealed the horrors of eugenics practiced by the Nazis and others, the progressive movement waned. In recent years it has become strong again with many liberal Democrats identifying themselves to be progressive – particularly members of Obama Administration.

Continue reading

Exxon Strikes Back Against the Climate Witch Hunt

By Eric Worrall – Re-Blogged From http://www.WattsUpWithThat.com

Exxon has just challenged attempts by Al Gore’s climate witch hunt to “investigate” them, by demanding to know what crime they are supposed to have committed.

Exxon Fires Back at Climate-Change Probe

Argues subpoena represents unwarranted fishing expedition into its records that violates its constitutional rights

Exxon Mobil Corp. went to court Wednesday to challenge a government investigation of whether the company conspired to cover up its understanding of climate change, a sign the energy company is gearing up for a drawn-out legal battle with environmentalists and officials on the politically charged issue.

The company filed court papers in Texas seeking to block a subpoena issued in March by the attorney general of the U.S. Virgin Islands, one of several government officials pursuing Exxon. Wednesday’s filing argues that the subpoena is an unwarranted fishing expedition into Exxon’s internal records that violates its constitutional rights.

Continue reading

Weekly Climate and Energy News Roundup #220

The Week That Was: March 26, 2016 – Brought to You by www.SEPP.org

By Ken Haapala, President, Science and Environmental Policy Project

Lack of Evidence: For the past several weeks, TWTW has addressed the evidence supporting EPA’s finding that human greenhouse gas emissions, particularly carbon dioxide (CO2), endanger human health and welfare (EPA Endangerment Finding). We found little or no physical evidence supporting the finding. Without this finding the EPA has no legal basis for regulating CO2, and the administration has no logical basis for its energy plan of eliminating coal-fired power plants through CO2 regulations. These regulations are based on a controversial 2007 Supreme Court decision stating that CO2 is a pollutant under the Clean Air Act, even though it is not a defined category pollutant. According to the decision, before regulating, the EPA must find greenhouse gases (particularly CO2) endanger public health.

The five assessment reports (ARs) of the UN Intergovernmental Panel on Climate Change (IPCC) produce some excellent science, but also misleading assertions. The so-called “hot spot”, mistakenly called the distinct human fingerprint in IPCC’s second assessment report of Working Group I (AR-2 1995), has not been found to exist. There is no discernible increase in atmospheric warming trends over the tropics centered at about 33,000 feet. (Note: it is the warming trends over time, increasing with altitude, that are important. A lapse rate, the decline in actual temperatures with increasing altitude would still be observed, but the rate should decline over time.) In fact, the AR-2 synthesis report, which followed the Working Group I report, makes no mention of the hot spot in the section titled: “The Balance of Evidence Suggests a Discernible Human Influence on Global Climate.” (p. 22).

Continue reading

Weekly Climate and Energy News Roundup #219

The Week That Was: March 19, 2016 – Brought to You by www.SEPP.org

By Ken Haapala, President, Science and Environmental Policy Project

Witch Hunt: The prospect of the Federal government investigating, and possibly prosecuting, those skeptical of claims that human emissions of carbon dioxide (CO2) are the primary cause of recent global warming/climate change is again in the news. Last week, TWTW linked to articles stating that US Attorney General Loretta E. Lynch has referred the issue to the criminal investigative division of the Federal Bureau of Investigation (FBI). Twenty scientists, (the RICO 20) signed a letter to Attorney General Lynch, and others, suggesting that global warming skeptics be prosecuted under the Racketeer Influenced and Corrupt Organizations Act (RICO), a law created to prosecute mobsters. Senator Sheldon Whitehouse of Rhode Island was a leader of a group of politicians promoting the investigation. Earlier, Mr. Whitehouse claimed he advocated investigation, but not prosecution. Recently, he has been silent on this fine distinction.

On March 15, the Wall Street Journal had a solid editorial on this issue. Roy Spencer, the co-discoverer of the manner of using satellites to measure atmospheric temperatures, the finest global measurements available, wrote that he was identified as a possible target. Many of the RICO 20 actively promote human-caused dangerous global warming within the American Meteorological Society (AMS). The disposition of RICO-20 member Edward Maibach of George Mason University in Virginia by Chris Horner of the Competitive Enterprise Institute is revealing.

Continue reading

Mark Steyn rebukes democrats in climate hearing: ‘You’re effectively enforcing a state ideology’

Re-Blogged From http://www.WattsUpWithThat.com

This is a must watch, share it widely. Mark Steyn demolishes the “science is settled” meme in the Senate hearing yesterday. His ability to argue effectively on the fly is very impressive.

Weekly Climate and Energy News Roundup #201

The Week That Was:October 17, 2015 – Brought to You by www.SEPP.org

By Ken Haapala, President, Science and Environmental Policy Project

Benefits of Carbon Dioxide: Indur Goklany has produced a brief report on the tremendous benefits of additional carbon dioxide in the atmosphere, largely attributable to the human use of fossil fuels. The report was published by the Global Warming Policy Foundation with a foreword by Freeman Dyson, the noted theoretical physicist from Princeton. In a recent interview Mr. Dyson said that he was a supporter of President Obama, but Mr. Obama has come out on the wrong side of the global warming/climate change issue and the effects of atmospheric carbon dioxide. In a recent interview Dyson expressed concern over the recent scientific concentration on global warming/climate change and said it is “not a scientific mystery but a human mystery. How does it happen that a whole generation of scientific experts is blind to the obvious facts [?]”

Goklany is a former US representative to the UN Intergovernmental Panel on Climate Change (IPCC) and author of the well-researched book The Improving State of the World: Why We’re Living Longer, Healthier, More Comfortable Lives on a Cleaner Planet (2007). Goklany’s new report provides independent confirmation of the findings by the Non-government International Panel on Climate Change (NIPCC), namely in the more comprehensive Climate Change Reconsidered II: Biological Impacts [2014].

Among his main conclusions Goklany finds:

· “Empirical data confirms that the biosphere’s productivity has increased by about 14% since 1982, in large part as a result of rising carbon dioxide levels.

· Thousands of scientific experiments indicate that increasing carbon dioxide concentrations in the air have contributed to increases in crop yields.

· Satellite evidence confirms that increasing carbon dioxide concentrations have also resulted in greater productivity of wild terrestrial ecosystems in all vegetation types.

Continue reading

Are the RICO20 Guilty of Racketeering?

By Marlo Lewis, Jr, CEI – Re-Blogged From http://www.WattsUpWithThat.com

Controversy continues to swirl around the September 1 letter from 20 climate scientists to President Barack Obama, Attorney General Loretta Lynch, and White House science adviser John Holdren requesting a RICO (Racketeer Influenced and Corrupt Organizations) investigation of “the fossil fuel industry and their supporters.” The scientists allege that the aforementioned interests “knowingly deceived the American people about the risks of climate change, in order to forestall America’s response to climate change.” In May, Senator Sheldon Whitehouse (D-R.I.) called for a RICO investigation of “fossil fuel companies and their allies.” The scientists “strongly endorse” Sen. Whitehouse’s proposal.

What boggles the mind is not that 20 climate scientists would attempt to stifle debate, drive the market out of the marketplace of ideas, and punish those who do not worship at the altar of “consensus.” There’s no shortage of “progressive” intolerance in these times. Using RICO to silence opponents is fairly tame compared to environmental activist Robert F. Kennedy, Jr.’s demand that fossil-fuel executives be tried for treason (the usual punishment for which is death).

What’s noteworthy about the RICO 20 is the scientists’ lack of self-awareness—their inability to judge themselves by criteria they invoke to condemn others. They have no clue how easily they can be hoist on their own petard.

Continue reading

Strange New Climate Change Spin: The Hottest Year Ever Inside a Global Warming ‘Pause’?

By – Re-Blogged From The Stream

There are two stories floating around about the state of the earth’s atmosphere. Both are believed true by government-funded scientists and the environmentally minded. The situation is curious because the stories don’t mesh. Yet, as I said, both are believed. Worse, neither is true.

Story number one is that this year will be the hottest ever. And number two is that the reason it is not hot is because “natural variation” has masked or stalled man-caused global warming.

Which is it? Either it’s hotter than ever or it isn’t. If it is, then (it is implied) man-caused global warming has not “paused.” If it isn’t, if man-caused global warming has “paused,” then it is not growing hotter.

Continue reading

Weekly Climate and Energy News Roundup #197

The Week That Was: September 19, 2015 – Brought to You by www.SEPP.org

THIS WEEK: By Ken Haapala, President, Science and Environmental Policy Project (SEPP)

RICO: For years, some advocates of the position that human emissions of carbon dioxide (CO2) are causing unprecedented and dangerous global warming have also falsely claimed that the science is settled. Included in these claims are highly questionable claims that 97% of the scientists concur with this view. Now, twenty climate scientists have written to the President and the US Attorney General requesting legal prosecution of those who publically disagree with their views. The legal actions they are proposing fall under Racketeer Influenced and Corrupt Organizations Act, known as RICO. The act was designed to combat organized crime and makes a person who instructs criminal action taken by others guilty of the crime. In short, the individuals who wrote the letter are stating that anyone who does not agree with their views is guilty of a crime – racketeering.

This action is a clear display of the illogical thinking by some of those in the largely, publically-financed Climate Establishment whose vanity exceeds the rigor of their work. Rather than producing compelling physical evidence that human emissions of CO2 are causing dangerous global warming, they will compel others to publically think as they do by legal action. In effect, they are undermining their own position and their action illustrates that simply because some people trained as scientists believe X that does not make belief in X scientific.

Continue reading

Climate Alarmists Demand Obama Use the RICO Act to Silence Critics

By Eric Worrall – Re-Blogged From http://www.WattsUpWithThat.com

h/t JoNova and James Delingpole – A group of climate scientists, including Professor Kevin Trenberth, have demanded President Obama abuse the RICO act, to silence criticism of their theories.

rico

Continue reading

The Campaign to Criminalize Climate Change Dissent

By Mark Horne – Re-Blogged From Political Outcast

A group of scientists are petitioning Barack Obama to criminalize climate change dissent by prosecuting the dissenters under RICO law.

Since most scientists in the United States and the Western countries generally are a pack of welfare dependents, this request amounts to the government asking itself to expand its power. “Science” is now a government-industry that has massively expanded since WWII through the state university system as well as through funding for “research.”

So these creatures of the state want the state to grow and destroy their enemies.

Continue reading