Weekly Climate and Energy News Roundup #277

The Week That Was: July 15, 2017 Brought to You by www.SEPP.org

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

Models v. Atmospheric Temperatures: Roy Spencer has further comments regarding the recalculated atmospheric temperatures recently produced by Mears and Wentz, who are principals in Remote Sensing Systems (RSS), competitors with the Earth System Science Center at the University of Alabama in Huntsville (UAH). Spencer points out that despite claims in the press, the new (more warming) RSS dataset does not resolve the discrepancy between observed temperature trends in the lower troposphere.

It is in the lower troposphere that greenhouse gas warming occurs. Discussions about surface warming or deep ocean warming are secondary to the issue: are greenhouse gases causing dangerous global warming? According to the greenhouse gas theory, and reports by the UN Intergovernmental Panel on Climate Change (IPCC), and its followers, this warming trend is to be most pronounced over the tropics (roughly 20 degrees South and North of the Equator. As Spencer writes “Even the New RSS Satellite Dataset Says the Models are Wrong.”

The new lower troposphere dataset “(Version 4, compared to Version 3.3) didn’t really change in the tropics.” Spencer produces a chart demonstrating how wrong the models are. See links under Challenging the Orthodoxy.

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Are More Bankruptcies Next for US Shale Oil Drillers?

By Irina Slav – Re-Blogged From Wolf Street

Something that’s been whispered about in the last few months is now being talked about loudly: U.S. oil drillers’ debts. There have been a few notable warnings that shale boomers might want to slow down their production boost lest they bring on another price crash, but the truth seems to be that they can’t do it: they have debts to service.

Now that international oil prices are once again on a downward spiral, drillers are facing a new challenge, according to Bloomberg: their bondholders are no longer optimistic.

Shareholders were the first to start doubting the recovery as it became increasingly evident that OPEC’s production cut agreement is failing to have the effect that everyone—or almost everyone—expected. Energy stocks have generally been on a slide since the start of the year.

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World’s Nations Building Huge Numbers of New Coal Plants Despite Emissions Growth

By Larry Hamlin – Re-Blogged From http://www.WattsUpWithThat.com

A recent article discussed at Watts Up With That? exposed that many of the world’s largest CO2 emitting nations are proceeding with energy policies involving the building of huge numbers of new coal plants without regard to increasing CO2 emissions completely contradicting the aims of the Paris Climate Agreement.

These nations actions clearly show the Paris Climate Agreement is meaningless in addressing global emissions and that President Trump was very wise to reject it’s oppressive provisions that were imposed on the U.S.

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Monumental, Unsustainable Environmental Impacts

Replacing fossil fuels with renewable energy would inflict major land, wildlife, & resource damage.

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

Demands that the world replace fossil fuels with wind, solar and biofuel energy – to prevent supposed catastrophes caused by manmade global warming and climate change – ignore three fundamental flaws.

1) In the Real World outside the realm of computer models, the unprecedented warming and disasters are simply not happening: not with temperatures, rising seas, extreme weather or other alleged problems.

2) The process of convicting oil, gas, coal and carbon dioxide emissions of climate cataclysms has been unscientific and disingenuous. It ignores fluctuations in solar energy, cosmic rays, oceanic currents and multiple other powerful natural forces that have controlled Earth’s climate since the dawn of time, dwarfing any role played by CO2. It ignores the enormous benefits of carbon-based energy that created and still powers the modern world, and continues to lift billions out of poverty, disease and early death.

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Time For A New Gold Standard For Asia

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

Over half the world’s population, living in the Eurasian land mass, understands that gold is money. The leaders of the Asian nations also know that this is true as well. The leaders of the security and economic alliance of the Shanghai Cooperation Organisation, which now incorporates most of these peoples, also know that to become independent of Western hegemony and to forge their own way, they must abandon Western financial systems and markets, replacing them with a new monetary order, serving their own needs. This is demonstrated in the establishment of parallel multinational financial institutions, duplicating and replacing dollar-centric development banks and settlement organisations.

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Rebuttal to Environmentalists’ Claims That “Arctic Drilling Revenue Predictions Are ‘Way Off’”

By David Middleton – Re-Blogged From http://www.WattsUpWithThat.com

Why would anyone care what “environmentalists” have to say about potential Arctic oil revenue?  I only care because their “reasoning” is both fun and easy to ridicule.

Environmentalists Say Arctic Drilling Revenue Predictions ‘Way Off’

IULIA GHEORGHIU | JUNE 19, 2017

Conservation advocates believe opening up the Arctic National Wildlife Refuge, America’s largest swath of wilderness, isn’t likely to be the boon to federal coffers that President Donald Trump expects.

Opening up the wilderness region is a perennial issue; bipartisan bills are introduced each Congress to definitively label the area as “wilderness” while industry groups seek to gain access to a section of land that had been designated for oil and gas exploration. Plans have existed since 1980 to use less than 3 percent of the more than 19 million acres of wilderness refuge for oil and gas exploration — but conservation groups argue even that amount is too much.

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AAAS: “Let’s hold them accountable”

By David Middleton – Re-Blogged From http://www.WattsUpWithThat.com

This morning, I received another email from the American Association for the Advancement of Science…

AAAS junk

We cannot overstate this: Under the current administration, the future of scientific inquiry and discovery in the U.S. is in serious jeopardy.

You can do something important right now to protect our progress and our planet: become an AAAS member.

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