Methane Madness: The Battle for our Grasslands and Livestock

By Viv Forbes, Dr Albrecht Glatzle, et al – Re-Blogged From http://www.WattsUpWithThat.com

“The whole purpose of farming is to convert carbon dioxide from the atmosphere into useful products.”
Vincent Gray
New Zealand Scientist and IPCC Reviewer

………………………………………………….…
Summary
Grasslands, arable lands and the oceans provide all mankind with food and fibre. But the productivity and health of our farms and livestock are under threat from global warming alarmists and green preservationists.

It is poor public policy that condones restrictions on grazing operations, or taxes on grazing animals, based on disputed theories that claim that bodily emissions from farm animals will cause dangerous global warming.

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Gold Stocks’ Winter Rally

By Adam Hamilton – Re-Blogged From Zeal LLC

The gold miners’ stocks have certainly had a wild ride this year.  After initially skyrocketing out of deep secular lows into a mighty new bull market, they recently suffered a massive correction climaxing in an extreme plummet.  This coincided with gold stocks’ major seasonal low in October.  That heralds their strongest seasonal rally of the year heading into and through winter, a very bullish omen for coming months.

Gold-stock performance is highly seasonal, which certainly sounds odd.  The gold miners produce and sell their metal at relatively-constant rates year-round, so the temporal journey through calendar months should be irrelevant.  Based on these miners’ revenues, there’s no reason investors should favor them more at certain times of the year than others.  Yet history proves that’s exactly what happens in this sector.

Seasonality is the tendency for prices to exhibit recurring patterns at certain times during the calendar year.  While seasonality doesn’t drive price action, it quantifies annually-repeating behavior driven by sentiment, technicals, and fundamentals.  We humans are creatures of habit and herd, which naturally colors our trading decisions.  The calendar year’s passage affects the timing and intensity of buying and selling.

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The Clinton Renewables Plan Would Create “Green Jobs” – But Also Would Destroy Real Jobs

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

When is job creation a bad thing? The answer of course is when the new jobs make something more expensive. Economic growth occurs when efficiency improves – when a good or service becomes available at a reduced price. But this simple economic reality seems beyond the grasp of journalists who promote the “Green Job” narrative.

Clinton says the ‘clean energy economy’ will create millions of jobs. Can it?

Job growth is a prime topic in the U.S. presidential race, but Donald Trump and Hillary Clinton have very different takes on the role clean energy could play in creating employment.

Democratic hopeful Hillary Clinton says the U.S. can be the world’s “clean energy superpower.” Her plan, spelled out in detail online, would create millions of jobs and spur billions of dollars in public and private investment, while making infrastructure more resilient and lowering emissions.

Republican candidate Donald Trump says he’s a “great believer in all forms of energy” but that the country’s energy policies are a “disaster.” In a 2015 interview with CNN, Trump said policies to support clean energy and reduce carbon emissions would “imperil jobs” and “the middle class and lower classes.”

Like many critics of the federal government’s efforts to promote clean energy, he points to the failure of Solyndra as a waste of taxpayer money. Solyndra, you may recall, was a solar company that received a partial loan guarantee from the U.S. government but went bankrupt in 2011, defaulting on a US$535 million loan.

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The Vexed Question Of The US Dollar

By Alasdair Macleod – Re-Blogged From http://www.Gold-Eagle.com

There is little doubt that the rapid expansion of both dollar-denominated debt and monetary quantities since the financial crisis will lead us into a currency crisis. We just don’t know when, and the dollar is not alone. All the major paper currencies have been massively inflated in recent years. With the dollar acting as the world’s reserve currency, where the dollar goes, so do all the other fiat monies.

Until that cataclysmic event, we watch currencies behave in increasingly unexpected, seemingly irrational ways. The fundamentals for Japan are not good, yet the yen remains the strongest currency of the big four. The Eurozone risks a systemic collapse, overwhelmed by political and financial headwinds, yet the euro’s exchange rate has proved relatively impervious to this deep uncertainty. The British economy is strongest, yet sterling is the weakest of the four majors.

If nothing else, today’s foreign exchanges are evidence that subjectivity triumphs over macroeconomic thinking. Mackay’s Extraordinary Popular Delusions and the Madness of Crowds beats computer modelling every time. Furthermore, any official attempt to establish a rate for the dollar has to address two separate questions: the value of the dollar relative to other currencies, and its purchasing power for goods and services.

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Weekly Climate and Energy News Roundup #245

The Week That Was: October 22, 2016 – Brought to You by www.SEPP.org

By Ken Haapala, President, Science and Environmental Policy Project

Limits of Influence of CO2 – Laboratory Evidence: In a 2015 interview regarding the position of Pope Frances on climate change, physicist Tom Sheahen stated why he believes that human emissions of Carbon Dioxide (CO2) are not a major contributor to global warming/climate change.

“My career includes time at the National Bureau of Standards (now the National Institute for Standards and Technology) where I actually measured infrared absorption by CO2. I may have been the last person ever to do so because the results are exactly what had been found about a century ago. In 100 meters, the most important band of CO2 absorbs completely; we call that ‘saturation.In the atmosphere, absorption by CO2 was over 90 percent saturated in pre-industrial times and the increase in atmospheric CO2 from 300 to 400 parts per million adds only about 1 percent to 2 percent absorption. [Concentrations are now about 400 parts per million.] All that does is shift the altitude slightly from which water vapor (which is by far the dominant greenhouse gas) radiates infrared energy away into space. The empirical evidence today (worldwide satellite measurements) clearly shows that despite increasing CO2, earth’s average temperature is not increasing rapidly.” [Boldface added].

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Economic Stagnation

By Gerald Peters – Re-Blogged From http://www.Silver-Phoenix500.com

So we have once again seen official reports about sub-par economic growth. Some are constantly perplexed as to why growth is so weak. I believe it will eventually become more obvious to everyone that debt is one of the major problems causing our current stagnation.

Looking at the above chart, we see GDP growth rates have been getting weaker each decade. The economy used to grow at 7 or 8 %…then 5 or 6%…then 4%…then 3%. Currently. There is only 2% growth. Moreover, after the next recession we will be lucky to see 1% growth as the norm. Follow the trend and we see that the US economy will probably be at 0% economic growth after 2030. To be sure after 2040 we will probably see negative growth as the norm. By the way, the chart of retail sales growth looks the same. This trend has continued regardless of which political party controls the White House or Congress.

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A Nanophotonic Comeback for Incandescent Bulbs?

By David L. Chandler – Re-Blogged From MIT News

Researchers combine the warm look of traditional light bulbs with 21st-century energy efficiency.

Traditional light bulbs, thought to be well on their way to oblivion, may receive a reprieve thanks to a technological breakthrough.

Incandescent lighting and its warm, familiar glow is well over a century old yet survives virtually unchanged in homes around the world. That is changing fast, however, as regulations aimed at improving energy efficiency are phasing out the old bulbs in favor of more efficient compact fluorescent bulbs (CFLs) and newer light-emitting diode bulbs (LEDs).

Incandescent bulbs, commercially developed by Thomas Edison (and still used by cartoonists as the symbol of inventive insight), work by heating a thin tungsten wire to temperatures of around 2,700 degrees Celsius. That hot wire emits what is known as black body radiation, a very broad spectrum of light that provides a warm look and a faithful rendering of all colors in a scene.

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This Is What Gold Does In A Currency Crisis, Brexit Edition

By John Rubino – Re-Blogged From Dollar Collapse

In June the UK shocked the world – or at least the world’s elites – by voting to pull out of the European Union. Economists predicted disaster, EU leaders threatened pain for British exporters and tourists, and the media settled in to watch the UK shrivel and die.

Four months later, the appropriate response is a yawn rather than a scream.

UK economy set to shrug off Brexit in latest GDP figures…For now

(CNBC) – The first indications of how the U.K. economy is performing in the aftermath of the Brexit vote will be known this Thursday, with the release of quarterly gross domestic product (GDP) figures.

Analysts told CNBC they forecast a 0.4 percent growth in the third quarter of this year – an “upside surprise” following the decision last June to leave the European Union. Prior to the vote, many market observers were pointing to economic contractions if voters opted to leave the EU.

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Next Big Shoe To Drop…Student Loans

By Jeffrey Lewis – Re-Blogged From Silver Coin Investor

More than 40 million young Americans carry federal and private student loan debt – amounting to over $1 trillion. Defaults are on the rise and the issue has grown to become a nasty wealth transfer mechanism, as well as sad example of the failure of finance in general.

This week, President Obama announced a new initiative framed as a way of addressing the issue. Sadly, it is far from the mark, and just one more indication that monetary masters are the real puppeteers.

Many have pointed out that the student loan debt bubble could be the next subprime crisis.

Perhaps so, but it is potentially much worse, acting as an anvil when considered in the context of other consumer debt like car loans and credit cards.

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Globalization Faces Challenges

By John Browne – Re-Blogged From http://www.Silver-Phoenix500.com

For much of the second half of the 20th Century, and even into the new millennium, “Globalization” was the dominant theme used to describe the drift of the world economy. It was widely considered both natural and inevitable that the world economy would continue to integrate and that national boundaries would become less constraining to commerce and culture. And with the exception of the eternal “anti-globalization” protesters, who robotically appeared at large gatherings of world leaders, the benefits of globalization were widely lauded by politicians, corporate leaders and rank and file citizens alike. But a casual glance at the world headlines of 2016 suggests that the belief in globalization has crested, and is now in retreat. What are the consequences of this change?

International trade has existed for millennia. But few modern historians would characterize the trade caravans that crossed the Himalayas and the Sahara as sources of international conflict. Rather, they are widely seen as a useful means to bring goods that were plentiful from one region to other regions where they were scarce. Along the way, routes like the Silk Road in Asia created a great number of positive secondary benefits in culture and politics. But relatively modern developments such as ocean-going sailing ships, modern navigation, and steam and diesel power, have greatly increased the size and scope of trade. Globalism was also boosted rapidly by technological advances in communications, including intercontinental jet travel, fax machines, satellite telephones, the Internet, real time money transfers and massive investment flows to international and emerging markets.

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HFCs and the UN Climate Change Fiasco

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

“Oh what a tangled web we weave, when first we practise to deceive!”

Sir Walter Scott (1771-1832)

Support for the global warming/climate change agenda is becoming increasingly desperate, hysterical, and illogical. The causes are many, but chief among them are a plethora of contradictory evidence and growing public skepticism or at least disinterest. There are bizarre parallels to the Frankenstein and Dracula stories. The monster of anthropogenic global warming (AGW) collapses as it turns on the scientists who created it. Dracula needed the energy of blood but knew the dangers of exposure to sunlight. The IPCC failure to consider the Sun is a similar exposure and is causing their demise.

The latest desperate move involves the agreement on the reduction of Hydrofluorocarbons (HFC). The Paris Climate Agreement is disintegrating for a variety of reasons all of them inherent in the science and politics from the start of the AGW deception. Promoters of AGW needed a victory, an agreement that appeared to show success in dealing with the alarmism they created. They had to show that Protocols, like the Kyoto Protocol or its replacement the Green Climate Fund (GCF), are effective. They reached back to the Montreal Protocol that they claim was successful. HFCs became a crossover vehicle, a political/science hybrid.

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People are More Afraid of Clowns than Climate Change

SOURCE: VOX graphic based on Morning Consult poll of 1,999 Americans (October 15 to 17, 2016) and Chapman University poll of 1,511 Americans (October 11, 2016).

SOURCE: VOX graphic based on Morning Consult poll of 1,999 Americans (October 15 to 17, 2016) and Chapman University poll of 1,511 Americans (October 11, 2016).

Guest essay by Eric Worrall

A VOX poll shows that Americans are more afraid of clowns than climate change.

Americans are more afraid of clowns than climate change, terrorism, and … death

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Government Stimulus is an Oxymoron

By Michael Pento – Re-Blogged From PentoPort

The accumulation of Debt, at its very essence, is simply borrowing consumption from the future. And this is true on any level of debt, be it either public or private. Just as savings is deferred consumption, the exact opposite is true for debt. Therefore, it can only be beneficial in the long-term if it leads to an expansion of productivity in the present. If the funds borrowed do not improve output per unit of labor it is much more difficult to pay back that debt and any perceived benefit ends up being nothing more than an ephemeral illusion.

This is the reason why public debt is the most pernicious variety. The problem with government spending is that it mostly amounts to little more than hole-digging and filling. Borrowing money to pay people to empty the ocean onto the beach may temporarily increase employment and demand in the economy. But since this is merely state directed busy work, it does not grow the economy and expand productivity. Thus, the result is a rise in the debt to GDP ratio.

The 2008 financial crisis led to the passage of the Troubled Asset Relief Program, referred to as TARP, the American Recovery and Reinvestment Act and a rapid increase in government transfer payments, which produced multiple years of record deficits. The accumulation of those deficits sent the U.S. National debt to GDP ratio leaping from 64% in 2007, to over 104% today.

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Is Weak Productivity to Blame for Sluggish Consumer Spending?

By Frank Holmes – Re-Blogged From http://www.Gold-Eagle.com

One of the highlights of last week’s MoneyShow in Dallas was listening to American economist Art Laffer, whose “Laffer curve” shows that the government can actually bring in more revenue if tax rates are kept low. Art’s theory was used as the basis for President Ronald Reagan’s free-trade, low-tax policies. Later, Art actually supported Bill Clinton because he was willing to streamline taxes and regulations.

The same cannot, I’m afraid, be said of his wife Hillary, who plans to raise taxes at nearly every level.

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Votes Automatically Changed from Trump to Clinton!

By Jay Guy – Re-Blogged From IPatriot

Social media reports of votes being automatically switched from Donald Trump to Hillary Clinton are flooding in this morning as early voting continues in 37 states.

Lisa Houlette, a resident of Amarillo, Texas, outed this latest attempt at Democratic collusion and corruption on Facebook and was shocked to see her vote for the Republican nominee change to the Democratic nominee.

“Gary and I went to early vote today,” said Lisa. “I voted a straight Republican ticket and as I scrolled to submit my ballot I noticed that the Republican straight ticket was highlighted, however, the Clinton/Kaine box was also highlighted!”

“I tried to go back and change and could not get it to work. I asked for help from one of the workers and she couldn’t get it to go back either. It took a second election person to get the machine to where I could correct the vote to a straight ticket,” she added.

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Obamacare Benchmark Premiums to Rise 25 Percent in Sharpest Jump Yet

By Bloomberg – Re-Blogged From http://www.newsmax.com

Premiums for mid-level Obamacare health plans sold on the federal exchanges will see their biggest jump yet next year, another speed bump in the administration’s push for enrollment in the final months of the U.S. president’s term.

Monthly premiums for benchmark silver-level plans are going up by an average of 25 percent in the 38 states using the federal HealthCare.gov website, the U.S. Department of Health and Human Services said in a report today. Last year, premiums for the second-lowest-cost silver plans went up by 7.5 percent on average across 37 states. Continue reading

First New Nuclear Power Plant in U.S. in 20 years Goes Online

By Anthony Watts – Re-Blogged From http://www.WattsUpWithThat.com

TVA’s Watts Bar Unit 2 Achieves Commercial Operation

watts-bar-nuclear-station

The plant is located on 1,700 acres on the northern end of the Chickamauga Reservoir near Spring City, in East Tennessee. Each unit produces about 1,150 megawatts of electricity—enough to service 650,000 homes—without creating any carbon emissions.

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Lying About Inflation While Food Prices Skyrocket

By Dale Netherton – Re-Blogged From iPatriot

Here’s an interesting statistic. In a recent survey, the Food and Agriculture Organization said its index which monitors monthly price changes for a variety of staples averaged 231 points in January — the highest level since records began in 1990.  This was in 2011.  How can this be ignored by so many?  The government has decided food prices are too volatile to be considered in how we measure inflation.  Doesn’t this theory have to be substantiated when food prices are not volatile and just keep rising?  What difference does it make to the consumer if what they are paying more for is considered exempt from being reported?  In other words the price you are paying for food is going up but we are not going to report it going up because it might go down?  Meanwhile if you are on a fixed income you will have to do with less while we cast an illusion that the inflation we are creating with printed money won’t be reported as threatening to your standard of living.

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American Journalist MURDERED for Exposing Turkish Support of ISIS?

By Tim Brown – Re-Blogged From Eagle Rising

Nearly a year ago, Luke Rudkowski of We Are Change reminded us that it had been a year since journalist for Press TV Serena Shim was apparently murdered for exposing the Turkish government’s assistance of ISIS.  However, what Shim had been reporting on concerning Turkey and Syria was dubbed as a “conspiracy theory” by many, but has now been proven to be factual.

Just to remind everyone about Ms. Shim, take a look at the video produced by Rudkowski.

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Truthbomb from Rasmussen…

More Americans Want Hillary Indicted Than Elected

By Dean Garrison – Re-Blogged From Freedom Outpost

According to WikiPediaRasmussen Reports is an American polling company, founded in 2003.[2] The company engages in the collection, publication, and distribution of public opinion polling information. Rasmussen Reports conducts nightly tracking, at national and state levels, of elections, politics, current events, consumer confidence, business topics, and the president’s job approval ratings.

It may also be one of the few remaining semi-honest polling companies in America.

On October 18th and 19th Rasmussen conducted a poll regarding the controversial decision by the FBI to press no charges against Hillary Clinton… despite her obvious disregard for the law and national security, by using her own private email server to conduct state business.

The results will shock few of you, but it might shock some of the useful idiots… IF we could ever get this information into their hands AND get them to comprehend the significance. That’s a very tall order. Good luck on that.

With that said, this summary of the Rasmussen poll, gives Americans more truth than any of those proven fake CNN or Reuters polls:

Over half of American voters surveyed in a recent poll disagree with the FBI’s decision not to prosecute Hillary Clinton over her emails scandal.

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Climate Progress, Joe Romm, Outed as Political Operative by Wikileaks

WIKILEAKS: ThinkProgress Trashes A Climate Expert’s Career To Appease A Hillary Donor

Posted By Michael Bastasch (Daily Caller) – Re-Blogged From http://www.WattsUpWithThat.com

ThinkProgress Editor in Chief Judd Legum sent an email to a billionaire donor bragging how the liberal blog’s environmental writer targeted a climate researcher who challenged a major Democratic talking point on global warming, according to leaked emails.

The blog’s environmental arm, ClimateProgress, (run by Dr. Joe Romm) took issue with pollster Nate Silver’s 538 website, hiring Dr. Roger Pielke, Jr. to write about global warming issues. Pielke is no skeptic of man-made warming, but he challenged a Democratic talking point that global warming was making extreme weather more severe.

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Preparing For Post-Election Social Unrest

By Mike Gleason – Re-Blogged From http://www.Gold-Eagle.com

The 2016 election year is bringing out the worst among some elements of society. From vandalism to physical assaults to large scale race riots to terrorist bombings and mall stabbings, social disorder has become a more prominent feature of life in a polarized America.

It’s easy (and politically convenient) for the establishment media to blame Donald Trump for inflaming the political divide. In reality, Trump supporters have far more often been the victims rather than the instigators of political violence.

Moreover, the forces driving social unrest have been building for years. And they are being encouraged and funded by far-left organizations.

The riotous “Black Lives Matter” movement has received more than $100 million from leftist foundations including billionaire George Soros’s Open Society Institute.

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EU Faces Painful Budget Battles After Brexit

By Stratfor – Re-Blogged From https://fabiusmaximus.com

Summary: Europe’s elites warned that Britain would suffer for daring to leave the EU. Suffer severely and soon. Four months have passed since the June 23 vote and Britain has felt no ill effects. Britain might have the last laugh, since the EU has to redo its budget following the loss of its second largest contributor. The EU is already under stress. Cutting the budget and raising taxes will make it worse. Perhaps sparking more exits.

Stratfor

A Bitter Budget Battle Looms in the EU
Stratfor, 13 October 2016.

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New Santer et al. Paper on Satellites vs. Models: Even Cherry Picking Ends with Model Failure

By Roy W. Spencer, Ph. D. – Re-Blogged From http://www.WattsUpWithThat.com

(the following is mostly based upon information provided by Dr. John Christy)

Dr. John Christy’s congressional testimonies on 8 Dec 2015 and 2 Feb 2016 in which he stated that climate models over-forecast climate warming by a factor of 2.5 to 3, apparently struck a nerve in Climate Consensus land.

In a recently published paper in J. Climate entitled Comparing Tropospheric Warming in Climate Models and Satellite Data, Santer et al. use a combination of lesser-known satellite datasets and neglect of radiosonde data to reduce the model bias to only 1.7 times too much warming.

Wow. Stop the presses.

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Leaked Clinton Campaign Memo on ‘Climate Change’ Shows it’s Really About Politics, Not Science

By Larry Kummer at the Fabius Maximus website

Memorandum: “Climate: A unifying theory to the case“,
Emailed from John Podesta to Chris Lehane, 28 January 2014.

This memo was emailed to Podesta (a senior White House official) from Lehane (partner in the strategic communications firm Fabiani & Lehane, dissolved in Nov 2015). We have it courtesy of Wikileaks — and whoever leaked it to them.

John Podesta was Chief of staff to Bill Clinton and Counselor to the President for Obama. He is Chairman of Hillary Clinton’s campaign.

Chris Lehane – When an attorney in the White House Counsel’s office, he and his current business partner Mark Fabiani called themselves the “Masters of Disaster” for their work as a “rapid-response” team responding to the many scandals of the Clinton Administration. Lehane co-authored a book on damage control titled Masters of Disaster: The Ten Commandments of Damage Control. Jim Jordan, Kerry’s former campaign manager, called him ”a master of the political hand-to-hand” for his work as a political strategist.

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First Optical Rectenna – Combined Rectifier and Antenna – Converts Light to DC Current

From Georgia Tech – Re-Blogged From http://www.WattsUpWithThat.com

Using nanometer-scale components, researchers have demonstrated the first optical rectenna, a device that combines the functions of an antenna and a rectifier diode to convert light directly into DC current.

This schematic shows the components of the optical rectenna developed at the Georgia Institute of Technology. (Credit: Thomas Bougher, Georgia Tech)

This schematic shows the components of the optical rectenna developed at the Georgia Institute of Technology. (Credit: Thomas Bougher, Georgia Tech)

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Gene Sequencing Tech to Make ‘Climate Tolerant’ Cabernet Sauvignon

By Anthony Watts – Re-Blogged From http://www.WattsUpWithThat.com

From the UNIVERSITY OF CALIFORNIA – DAVIS and the “GMO wine department” comes this news:

Genomics breakthrough paves way for climate-tolerant wine grape varieties

A new sequencing technology, combined with a new computer algorithm that can yield detailed information about complex genomes of various organisms, has been used to produce a high-quality draft genome sequence of cabernet sauvignon, the world’s most popular red wine grape variety, reports a UC Davis genomics expert.

Success of the new genome assembly, which allows researchers to assemble large segments of an organism’s DNA, also was demonstrated on the common research plant Arabidopsis thaliana and the coral mushroom (Clavicorona pyxidata). The findings will be reported Oct. 17 in the journal Nature Methods.

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Risks Posed By The War On Cash

By Mark O’Byrne & Jan Skoyles – Re-Blogged From http://www.Gold-Eagle.com

Cash is the new “barbarous relic” according to many central banks and regulators. Moreover, some economists believe there is a strong, concerted push for a ‘cashless society’.

Developments in recent days and weeks have highlighted the risks posed by the war on cash and the cashless society.

The Presidential campaign has been dominated for months and again this week by the power of information that has been gathered through unconventional means – whether due to email hacks, leaked microphone tapes or even late-night twitter rants.

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NUCLEAR Levels of QE Are Coming

By Graham Summers – Re-Blogged From Gains Pains & Capital

The Central Banks are going to go absolutely nuclear within the next 18 months.

In the last few weeks we’ve seen the Bank of Japan, the Bank of England, the European Central and the US Federal Reserve all push for fiscal stimulus instead of monetary stimulus.

What this means is that Central Banks are collectively saying, “We have reached the end of what QE and rate cuts can do, it’s now the Government’s responsibility to juice the system.”

Everyone believes this to signal that the Central Banks are done with monetary policy. They are… but only until the next major problem hits.

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Stormy Climate Deception – Hurricane Matthew Becomes Latest Enviro-Excuse

By Paul Driessen – Re-Blogged From http://www.WattsUpWithThat.com

Hurricane Matthew has given climate change alarmists yet another excuse to rail against fossil use and demand a “fundamental transformation” of the US and world energy and economic systems. Reality simply does not support their claims or demands.

Guest opinion by Paul Driessen

Despite constant claims to the contrary, the issue is not whether greenhouse gas emissions affect Earth’s climate. The questions are whether those emissions are overwhelming the powerful natural forcesthat have always driven climate fluctuations, and whether humans are causing dangerous climate change.

No Real-World evidence supports a “dangerous manmade climate change” thesis. In fact, a moderately warmer planet with more atmospheric carbon dioxide would hugely benefit crop, forest and other plant growth, wildlife and humans – with no or minimal climate effect. A colder planet with less CO2 would punish them. And a chillier CO2-deprived planet with less reliable, less affordable energy (from massive wind, solar and biofuel projects) would threaten habitats, species, nutrition and the poorest among us.

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Serendipity Yields a Process to Convert Carbon Dioxide Directly Into Ethanol

[If this really works – WOW! -Bob]

By Anthony Watts – Re-Blogged From http://www.WattsUpWithThat.com

OAK RIDGE, Tenn.,—In a new twist to waste-to-fuel technology, scientists at the Department of Energy’s Oak Ridge National Laboratory have developed an electrochemical process that uses tiny spikes of carbon and copper to turn carbon dioxide, a greenhouse gas, into ethanol. Their finding, which involves nanofabrication and catalysis science, was serendipitous. Video follows.

“We discovered somewhat by accident that this material worked,” said ORNL’s Adam Rondinone, lead author of the team’s study published in ChemistrySelect. “We were trying to study the first step of a proposed reaction when we realized that the catalyst was doing the entire reaction on its own.”

ORNL’s Yang Song (seated), Dale Hensley (standing left) and Adam Rondinone examine a carbon nanospike sample with a scanning electron microscope. (hi-res image)

Silver, Debt, and Deficits – From an Election Year Perspective

By Gary Christenson – Re-Blogged From The Deviant Investor

It is an election year. We should anticipate 8 years of upcoming trauma, following nearly 8 years of “hope and change,” after 8 years of “no nation building,” after 8 years of “I did not have sexual relations with that woman.”

Examine the official US national debt in 8 fiscal year increments (10/1/84 – 9/30/92 etc.) using linear and log scales.

You can see that official national debt has been rising exponentially. At the current rate of increase it should approach $40 trillion in 8 years. Given the likelihood of more wars, recessions, more social spending, and accelerating Medicare and Social Security expenses the total debt might be considerably higher than $40 trillion in 8 years, regardless of who is elected.

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Equity Bubble Has Run Out of Excuses and Time

By Michael Pento – Re-Blogged From http://www.PentoPort.com

It is finally going to be a make or break earnings season for stocks. This is because the justification for record high stock prices that have been perched atop extremely stretched valuation metrics has been the following false assumptions: the hope that the Federal Reserve will not resume its interest rate hiking cycle, the U.S. dollar stops rising, the price of oil enters a sustainable bull market and long-term interest rates continue to fall.

If all those conditions were in place investors could continue to believe a turnaround in the anemic 2% GDP growth rate endured since 2010 was imminent. And, most importantly, that a reversal in the 5 straight quarters of negative earnings on the S&P 500 was just around the corner.  But even if they were perpetually disappointed in growth and earnings that didn’t materialize, they could always afford to wait until the next quarterly earnings report because there just wasn’t any alternative to owning stocks.

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“Price inflation” Is Not The Biggest Problem

By Steve Saville – Re-Blogged From The Speculative Investor

All else remaining equal, an increase in the supply of money will lead to a decrease in the purchasing-power (price) of money. Furthermore, this is the only effect of monetary inflation that the average economist or central banker cares about. Increases in the money supply are therefore generally considered to be harmless or even beneficial as long as the purchasing-power of money is perceived to be fairly stable*. However, reduced purchasing-power for money is not the most important adverse effect of monetary inflation.

If an increase in the supply of money led to a proportional shift in prices throughout the economy, then its consequences would be both easy to see and not particularly troublesome. Unfortunately, that’s not the way it happens. What actually happens is that monetary inflation causes changes in relative prices, with the spending of the first recipients of the newly-created money determining the prices that rise the first and the most.

Changes in relative prices generate signals that direct investment. The further these signals are from reality, that is, the more these signals are distorted by the creation of new money, the more investing errors there will be and the less productive the economy will become.

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Property Bubble In Ireland Developing Again

By Mark O’Byrne – Re-Blogged From http://www.Silver-Phoenix500.com

Budget 2017: “Good Work To Halt Second Property Crash Undone In A Day”

David McWilliams has pointed out in two of his most recent articles how Budget 2017 and the latest mortgage tax grant risk creating a “second property crash”:

“We are faced with similar concerns on the horizon now. Unlike 2008, when this country went bust, or in 2012, when the euro as a currency was in real danger of falling apart, there is no serious internal threat. In 2012, the world’s central bankers cutting interest rates to zero prevented the disintegration of the euro. This may have saved the currency then, but it means that today central bankers have no ammunition left if there is another downturn. Interest rates are as low as they can go.

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30 Peer Reviewed Studies Show No Connection Between Climate Change and Hurricanes

By Anthony Watts – Re-Blogged From http://www.WattsUpWithThat.com

This list is useful for refuting those misguided people that insist that there was a climate component to hurricane Mathew. There’s also my earlier refutation titled: Why trying to link hurricane Matthew to “climate change” is just political hype.

Here is the list of papers:

No Trend Or Reduced Intensity Of Landfalling Hurricanes With Warming

Perrie et al., 2010

The impact of climate change is seen in slightly decreased intensities in landfalling cyclones.”

Klotzbach and Landsea, 2015

“[T]be global frequency of category 4 and 5 hurricanes has shown a small, insignificant downward trend [1990-2014].”

Zhang et al., 2012

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Now, Even Democrats Can See the ObamaCare Death Spiral

NY Post Editorial – Re-Blogged From http://nypost.com

Another day, another Democrat finally owning up to the fact that ObamaCare is a disaster. And another state facing the implosion of its health insurance market.

Minnesota Gov. Mark Dayton — once one of the Affordable Care Act’s most enthusiastic champions — is the latest Democrat to publicly eat crow for that support.

With good reason: Tens of thousands of Minnesotans are losing their coverage next year. And premiums on individual plans — which enroll 250,000 North Star State residents — will rise an average 50 percent to 67 percent.

“The reality is the Affordable Care Act is no longer affordable for increasing numbers of people,” Dayton admitted last week, calling the situation in his state “an emergency.”

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Wars And Rumors Of Wars

By David Haggith – Re-Blogged From http://www.Gold-Eagle.com

Wars and rumors of wars are now filling the headlines as listed below with the most immediate top-level rumors of war being created by Russia among its own citizens.

Rumors of wars directly from the Kremlin

As tensions between the US and Russia have reached their highest since the Cold War, Russia denounced American duplicity last week and asked its own citizens whether they are ready for a nuclear attack. The Russian government cautioned people to know where their nearest bomb/fallout shelters are and know where their gas masks are in a drill that involved 40 million Russians. The Russia defense ministry explained to the public how the government would run under military control in the event of war. Russia deployed additional nuclear missiles in response to the US missile shield in Eastern Europe and tested new intercontinental ballistic missiles. Not bad for a week’s news. (ABC News)

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Wikileaks Shut Down by Hillary & Obama!

By James Shale – Re-Blogged From http://ipatriot.com

In an attempt to silence the daily stream of email leaks from the Hillary Clinton campaign, a “state party” has severed Wikileaks founder Julian Assange’s internet connection and ability to continue revealing the inner workings of the Democratic nominee’s run for the Presidency. As reported both on Twitter by Wikileaks itself and in numerous news outlets, Wikileaks has responded by activating “contingency plans” although at present those plans don’t seem to include continuing the daily email leaks of the last two weeks.

Ironically, by targeting Assange, Obama and Hillary have unintentionally confirmed the authenticity of the Wikileaks revelations leaving no doubt that the content found in the nearly 12,000 emails leaked to-date is entirely accurate and threatening to the Hillary campaign. Why shut down the would-be freedom fighter if the emails were the works of “Russians” as repeated so often by the Clinton camp?

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Weekly Climate and Energy News Roundup #244

The Week That Was:  October 8, 2016 –  Brought to You by www.SEPP.org

By Ken Haapala, President, Science and Environmental Policy Project

Changing Sun: Andy May has an interesting essay on Watts Up With That on variability of the sun and its influence on climate. Several decades ago, it was an accepted “fact” in physics that the intensity of the sun did not vary. Now, the issue is by how much. The UN Intergovernmental Panel on Climate Change (IPCC) asserts that solar output varies little and has a small impact on the earth’s climate. Some solar observers disagree: the output of the sun varies significantly. Observations of other dimming stars support the latter view. If so, the IPCC may be significantly overestimating the influence of carbon dioxide (CO2), the main greenhouse gas that the UN is attempting to regulate, though water vapor is the dominant greenhouse gas.

May discusses variations in the earth’s orbit, which are generally accepted as explaining the current period of ice ages interrupted by brief warm periods. The current orbit parameters indicate that the earth is cooling – far more significantly than any calculated influence of CO2. [The high end guesses of major warming influence of CO2 remain guesses.]

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The Floodgates Begin To Open

By John Rubino – Re-Blogged From Dollar Collapse

It’s now clear that what governments did to counter the Great Recession may have delayed systemic collapse, but did not resurrect the old normal. Growth around the world is anemic – which is to say debt continues to increase faster than the productive capacity to service it – and inflation (the other way to shrink a debt burden) remains below target.

Now “anemic” is becoming “non-existent.” In the US, mini-credit-bubbles like auto loans, home mortgages and student loans are sputtering, leading economists to dial back their rosy scenarios for 2016. The Atlanta Fed’s GDPNow forecast for Q3 growth, for instance, was a robust 3.8% in August but is now less than 2% — and still falling.

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America’s 50-Pound Ball And Chain

By Cliff Droke – Re-Blogged From http://cdroke.blogspot.com

America’s economic condition is truly a “tale of two cities.”  Upper middle class and wealthy earners have never been more flush thanks in large part to the record liquidity creation of the last eight years as well as to their financial market exposure.

By contrast, the middle and lower classes have either stagnated or are struggling as perhaps never before, due in part to their under-exposure to the financial market but also to the erosion of their real estate wealth in the last 10 years.

The turmoil for the middle class began with the implosion of the real estate market in 2006 and accelerating with the events of the two years following.  The deterioration of home values and the loss of employment imperiled the middle class during the crisis years, and while many the middle class have since recovered their overall fortunes have never complete rebounded to pre-2007 levels.

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The Truth About Energy Subsidies – Solar Gets 436 Times More Than Coal

By Anthony Watts – Re-Blogged From http://www.WattsUpWithThat.com

The next time some paid troll whines about coal getting government subsidies, and wind and solar being “pure” show them this.

From the Washington Times:

energy-subsidies-chart

By Stephen Moore

One of Hillary Clinton’s wackier ideas is to build half a billion solar panels — at taxpayer expense. It would be one of the largest corporate welfare giveaways in American history. The Institute for Energy Research (IER) estimates that the cost of the plan will reach $205 billion. That’s a lot of money to throw at Elon Musk and all of Hillary’s high-powered green energy friends.

By the way, there are only 320 million people in the country so her plan would mean more solar panels than people. If Hillary has her way, the entire landscape in America will be blighted by windmills and solar panels. How is this green?

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Corporate Americas Share buyback Binge only force Keeping Stock Market Bull Alive

By Sol Palha – Re-Blogged From http://tacticalinvestor.com

Share buybacks are nothing new; they have been around for decades, and in most cases, one would view this type of action under a favourable light. However, for the past few years, companies have used this technique as a ploy to hide stagnating earnings or even falling profits.  The idea is very simple, and the rewards are lucrative as most corporate officers have incentive-based rewards. Corporations borrow money for next to nothing and then use this to purchase huge blocks of shares; the number of outstanding shares drops and the EPS magically rises. Each year for the past six years the amount of money allocated towards share buybacks has soared, because as we stated, this is the fastest way to increase EPS without doing a single thing – magically.

In the good old days, companies would invest the cash they accumulated or the money they borrowed into activities that would improve the bottom line and not resort to financial gimmickry to create the illusion that all is well.  Instead of investing in their own business, corporations have been funneling huge amounts of cash towards share buyback programs.  Total payouts to shareholders which include dividends and share buybacks have increased at an unbelievable rate of 20% per year for the S&P 500 since 2009.

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IPCC, Government, and Insurance Enables Dangerous Behavior

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

“An ounce of prevention is worth a pound of cure.” – Benjamin Franklin

The claims of increasing disasters presented as inevitable by the Intergovernmental Panel on Climate Change (IPCC) provided opportunities for government interference and crony capitalism on a massive scale. Their actions ignored the realities and enabled unwise behavior by offering assistance and compensation if problems developed in areas where problems are well-known and inevitable.

The insurance industry is a major benefactor of this crony capitalism. They promoted the false IPCC claims on their web pages, sponsored documentaries, and did everything to exaggerate the threat. Look at the comments from the web page of Swiss Re.

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How Not To Manage A Currency

By Alasdair Macleod – Re-Blogged From http://www.Gold-Eagle.com

Make no mistake, sterling’s collapse is a very serious development, and has serious consequences for sterling interest rates. While it is becoming apparent that interest rates are going to have to rise possibly for all currencies on a one-year view, sterling’s problems are the consequence of bad judgement, and perhaps intellectual arrogance on the part of the Bank of England’s Monetary Policy Committee. The MPC in turn is not and cannot be independent from the influence of Mark Carney, the Bank’s Governor, who made the expensive error of intervening in the Remain campaign.

Many commentators are saying that sterling was over-valued, and the fall will stimulate exports. But value is wholly subjective, and not formulaic, as the ivory-tower economists would have us believe. The idea of stimulating exports through lower currency rates overlooks the depressing effect of the transfer of wealth it triggers from ninety per cent plus of the population, in favour of foreigners and owners of export businesses. That is the point about stagflation.

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Gold Stocks Screaming Buy

By Adam Hamilton – Re-Blogged From http://www.Zealllc.com

The gold miners’ stocks are suffering from universal and overwhelming bearishness today, with nearly everyone expecting further selling.  That’s the natural reaction following this sector’s recent massive correction, which climaxed in one of its biggest daily plummets ever witnessed.  But within bull markets, there’s no better time to buy aggressively than deep in a major selloff that’s riddled with great doubt and fear.

The core mission of speculation and investment is so simple even children can easily grasp it, buy low sell high.  The great challenges arise not from understanding, but execution.  Actually buying low then selling high in real markets is exceedingly unnatural and uncomfortable.  It requires traders to overcome their own greed and fear to do the exact opposite of everything their own instincts are screaming to do.

The only times speculators and investors want to buy aggressively is when it feels great to do so.  That only happens late in powerful rallies, when everyone can clearly see how strong a sector’s performance has been.  Traders then commit one of trading’s cardinal sins, extrapolating recent performance out into the indefinite future.  They assume a red-hot sector will keep on rising, and eagerly rush to buy high after a rally.

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The Economist, Fossil Fuel Subsidies and ‘Climate Disaster’

By Andy May – Re-Blogged From http://www.WattsUpWithThat.com

I’ve been a subscriber to The Economist for years. It is one of the few mainstream media publications I still read. But, I found a very annoying article in the October 1, 2016 issue. The title and link are “Notes from the undergrowth.” It starts out with a false assertion that is easily debunked, but often stated:

Media myth #1

“DESPITE deluges in the South, droughts in the West and fires throughout national forests this year, the words “climate” and “change” have seldom been uttered together on the campaign trail.”

The UN World Meteorological Organization (WMO), Nature magazine, and the IPCC all have said extreme weather cannot be reliably linked to climate change.

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