The word unprecedented is applied to almost every bad thing that happens at the moment, as though particular events could not have been predicted, and have never happened before at such a scale or intensity. This is creating so much anxiety, because it follows logically that we are living in uncertain time: that there really is a climate emergency.
The historical evidence, however, indicates fires have burnt very large areas before, and it has been hotter.
By David Middleton – Re-Blogged From WUWT
MEMGA! = Making the Eastern Mediterranean Great Again!
It seems like just a few weeks ago that some nitwit was bemoaning the death of the eastern Mediterranean…
Noble Energy’s first gas from Leviathan comes in $150M under budget
HOUSTON – Noble Energy announced the commencement of natural gas production from the Leviathan field, the largest natural gas field in the Eastern Mediterranean.
David L. Stover, Noble Energy’s chairman and CEO, stated, “This is a historic day for Noble Energy. The safe and successful execution of the initial phase of Leviathan development has been world-class, continuing our exceptional track record of major project delivery. First gas is online less than three years from project sanction and capital expenditures were $150 million under budget. Combined with Tamar, our Israel assets provide a differential production profile and cash flow outlook for Noble Energy far into the future.”
By Jim Steele – Re-Blogged From WUWT
As is customary now, whenever tragedy strikes, the internet buzzes with articles blaming climate change. Hijacking the tragic Australia’s bushfires was to be expected. For instance, Microsoft’s MSN website just published “Climate deniers are cooking themselves — and everyone else”. They wrote, “Fires get worse when things are hot, dry, and windy, and climate change has provided all of those conditions in abundance. The continent has warmed by about 2 degrees Fahrenheit (a bit over 1 degree Celsius) since the 1970s, and in keeping with the predictions of climate models, Australia has experienced steadily worse droughts and heat waves over the last 30 years. The current drought may end up being the worst in history — this spring was the driest ever recorded on the continent, and back on December 18 it set a new record for the hottest day ever measured with an average temperature across the entire country of 105.6 degrees.”
It is not at all a mystery as to the cause of the wealth gap that exists between the very rich and the poor. Central bankers are the primary cause of this chasm that is eroding the foundation of the global middle class. The world’s poor are falling deeper into penury and at a faster pace, while the world’s richest are accelerating further ahead. To this point, the 500 wealthiest billionaires on Earth added $1.2 trillion to their fortunes in 2019, boosting their collective net worth by 25%, to $5.9 trillion.
In fact, Jamie Dimon, CEO of JP Morgan, made a quarter of a billion dollars in stock-based compensation in 2019. As a reminder, shares of JPM were plunging at the end of 2018; that is before the Fed stepped in with a promise to stop normalizing interest rates. And then, soon after, began cutting them and launching a bank-saving QE 4 program and REPO facility on top of it in order to make sure Mr. Dimon’s stock price would soar. Slashing interest rates hurts savers and retirees that rely on an income stream to exist, just as the Fed’s QE pushes up the prices for the things which the middle class relies on the most to exist (food, energy, clothing, shelter, medical and educational expenses).
CORALS are animals, closely related to jelly fish, but they differ in having a limestone skeleton. This is hard-stuff, calcium carbonate, and it can persist in the environment and provide an indication of changes in sea level, and also the growth rates of corals, over thousands of years.