“Weekly Climate and Energy News Roundup #338

Brought to You by www.SEPP.org, The Science and Environmental Policy Project

By Ken Haapala, President

Quote of the Week: “There is a principle which is a bar against all information, which is proof against all arguments and which cannot fail to keep a man in everlasting ignorance – that principle is contempt prior to investigation.”— Herbert Spencer [H/t William Readdy]

Number of the Week: 42 Billion barrels

Old Science v. New “Evidence Free Science”: SEPP Chairman emeritus Fred Singer is “old school.” He does not make predictions until the facts are gathered, the evidence. Perhaps it was because he began his long professional career by using high altitude rockets to gather evidence about the atmosphere including measuring the energy spectrum of primary cosmic rays; the distribution of stratospheric ozone; the equatorial electrojet current flowing in the ionosphere and publishing the first studies on subatomic particles trapped in the Earth’s magnetic field: radiation belts, later discovered by James Van Allen.

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Weekly Climate and Energy News Roundup #336

Brought to You by www.SEPP.org, The Science and Environmental Policy Project

By Ken Haapala, President

Quote of the Week: “I have observed that not the man who hopes when others despair, but the man who despairs when others hope, is admired by a large class of persons as a sage.” ― John Stuart Mill [H/t Matt Ridley]

Number of the Week: $1,096/MWh – An increase of 22 times

USGCRP Prophecies: On November 23, the US Global Change Research Program (USGCRP) released the second volume of its two-part series on human caused global warming. The first volume. the “Climate Science Special Report (CSSR)” supposedly discussed the physical science but was largely confined to projections from poorly tested global climate models and physical events unrelated to increasing carbon dioxide. The current release came in time for the upcoming 24th Conference of Parties (COP-24) of the UN Framework Convention on Climate Change (UNFCCC) in Katowice Poland. According to official announcements, this conference will additionally include “the 14th session of the Conference of the Parties serving as the Meeting of the Parties to the Kyoto Protocol (CMP) and the third part of the first session of the Conference of the Parties serving as the meeting of the Parties to the Paris Agreement (CMA 1-3)” – international bureaucratic science at its best.

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Texas Oil Surge Threatens OPEC

By Bloomberg – Re-Blogged From Newsmax

The map lays out OPEC’s nightmare in graphic form.

An infestation of dots, thousands of them, represent oil wells in the Permian basin of West Texas and a slice of New Mexico. In less than a decade, U.S. companies have drilled 114,000. Many of them would turn a profit even with crude prices as low as $30 a barrel.

OPEC’s bad dream only deepens next year, when Permian producers expect to iron out distribution snags that will add three pipelines and as much as 2 million barrels of oil a day.

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Venezuelan Crisis Bringing Back Major Diseases Thought Long Gone

By Kathy Burke – Re-Blogged From Newsmax

Contagion from Venezuela’s economic meltdown is literally spreading to neighboring nations — in the form of potentially deadly diseases among millions of refugees, The Wall Street Journal reported.

Medical officials in Brazil, Colombia and Venezuela told the news outlet the collapse of Venezuela’s health system has turned the country into an incubator for malaria, yellow fever, diphtheria, dengue and tuberculosis, as well as the virus that causes AIDS.

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80 Percent of Venezuelans Short of Food

By Ben Kew – Re-Blogged From Breitbart

Around 80 percent of Venezuelans are now short of food, according to the new data compiled by NGO Human Rights Watch on Tuesday.

Following a trip to the Venezuelan border with Brazil by a team of health experts from John Hopkins University, researchers found that malnutrition continues to rise aggressively, with 80 percent of households unable to access enough food and rates of malnutrition among five years now over the World Health Organization’s crisis limit. In 2017, the average person lost around 11 kilos (24 pounds). In 2016, that number was 19 pounds; it is expected to have risen in 2018.

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Weekly Climate and Energy News Roundup #334

Brought to You by www.SEPP.org, The Science and Environmental Policy Project

By Ken Haapala, President

Importance of Clouds: MIT Sloan Professor of Meteorology emeritus Richard Lindzen wrote TWTW stating that, in the past weeks, TWTW may have underemphasized the importance of clouds and overemphasized water vapor in their roles of causing climate change. Perhaps TWTW did because the role of El Niños in influencing atmospheric temperatures trends can easily be seen by looking at a graph of the entire record since December 1978. El Niños put a lot of water vapor into the air and temperatures peak quickly, then fall slowly as the moisture drops out. The influence is particularly strong in the Arctic, where there is little water vapor in the atmosphere. But the El Niño influence is not strong in the dry Antarctic, for reasons not clear.

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End Of The World (Part 1)

By Gary Christenson  -Re-Blogged From Gold Eagle

Predicting the end of the world, physical or financial, is seldom helpful. If the prediction is correct, how do you profit from the insight? If the prediction is wrong and the “end of the world” is delayed (typical), you lose credibility.

An estimate of risk versus reward based on an analysis of current information is more useful.

Assessment: The 2018-2020 risk for most asset classes, such as stocks, bonds, corporate debt, and real estate is high while the potential reward in those asset classes is low. Gold and silver are opposite. Their long-term risk is low (September 2018) and their long-term potential reward is huge.

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