Weekly Climate and Energy News Roundup #307

By Ken Haapala, President, The Science and Environmental Policy Project

Brought to You by www.SEPP.org

Bureaucratic Science Continued: Last week, TWTW discussed the concept Bureaucratic Science which occurs when a government entity, or a similar organization, charged with applying the best science possible, drifts from its purpose and institutes policies and procedures (methodology) that are inconsistent with its mission. The brightest, most competent, and conscientious people may be involved. Education level does not matter. Bureaucratic science can be considered a subset of Group Think, ably discussed by Christopher Booker (TWTW Feb 24).

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About Those Fraudulent Climate Litigation Shakedowns

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

Foreword: One of the craziest – and potentially far-reaching and harmful – lawsuits in recent memory is wending its way through our legal system. Filed by several California and New York cities and counties, the legal action asserts that major oil companies are causing rising seas, floods, repeated climate and weather disruptions, and an “existential threat” to humanity and our planet.

The oil companies have known about these risks for decades, the litigants continue, but failed to disclose the information in annual reports, stock offerings and other documents. The litigants seek compensatory damages, abatement of the alleged threats, attorneys’ fees, punitive damages and disgorgement of corporate profits. As my article explains, it is a classic shakedown … by cities and counties that have collective unfunded pension obligations in the hundreds of billions of dollars.

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U.N.’s High-End Global Warming Emissions Scenario

The amount of future warming is predicated on the amount of emitted greenhouse gases and the sensitivity of earth’s surface temperature to changes in their concentrations. Here we take a look at the emissions component.

By PATRICK J. MICHAELS – Re-Blogged From http://www.WattsUpWithThat.com

The U.N. currently entertains four emissions scenarios, all expressed as the change in downwelling radiation (in watts/meter-sq, nominal year 2100) towards the surface that results from an increase in the atmospheric concentration of certain greenhouse gases. They are called “representative concentration pathways,” or RCPs.

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The Price Of Eco-Madness: California’s Oil Production Collapse

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

From the “everything is leaving California these days” department. The collapse of the oil industry in California, once our second-most-important producing state, is a very sad thing to see.

The U.S. shale oil revolution has completely passed the state by.

California crude oil production in thousands of barrels per day since 1980. Data source: US Energy Information Administration

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Mexico’s Oil Industry Continues To Disintegrate: PEMEX Suffers $18 Billion Loss

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

The situation in Mexico’s oil industry continues to rapidly disintegrate as falling oil production and rising costs resulted in an $18 billion fourth-quarter loss for the state-run oil company, PEMEX.  Part of the reason for the huge financial loss at PEMEX was the fall in the value of the Mexican Peso.  While PEMEX’s costs are in Pesos, it sells crude oil and purchases petroleum products in Dollars.  Because the Mexican Peso declined 8% versus the Dollar, it put a huge strain on the company’s year-end financials.

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Weekly Climate and Energy News Roundup #305

By Ken Haapala, President, Science and Environmental Policy Project

Brought to You by www.SEPP.org

Group Think: Author and journalist Christopher Booker has produced an extensive booklet for the Global Warming Policy Foundation (GWPF) applying the concept of groupthink to the climate establishment. This is not the first time the concept has been so employed. Others, such as Tim Ball, have used the concept, but Booker’s effort is the most systematic and comprehensive.

Groupthink describes systematic errors made by groups when making collective decisions. It was popularized by Research Psychologist Irving Janis in his 1982 book of that title. Janis used it to describe the poor US preparation, despite warnings, for the Japanese attack on Pearl Harbor, and the failed US-supported invasion of Castro’s Cuba in 1961. His work suggests that pressures for conformity restrict independent and critical thinking by individuals of the group, biasing the group’s analyses.

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5 Big Drivers of Higher Inflation Rates Ahead

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

Investors got lulled into a state of inflation complacency. Persistently low official inflation rates in recent years depressed bond yields along with risk premiums on all financial assets.

That’s changing in 2018. Five drivers of higher inflation rates are now starting to kick in.

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