Global Temperatures Dropped Around 1 Degree Fahrenheit Last Year. What This Means For Your Wallet
Let me repeat that. Global Temperatures Dropped Around 1 Degree Fahrenheit in the past 12 months On All Four Major Indicators.
What does this mean to your portfolio?
OK, first off I am not enthusiastic about writing this article. Why?
Because it means I have to discuss Politics and Global Warming both of which bore me and piss me off at the same time. Although I have to admit, it does provide a certain Machiavellian sort of humor. You know the kind where you are listening to someone and you know that they everything they say is a lie and you know that they know it too?
This all stems from the fact that I do not like stupid people or people that perpetuate fraud on unsuspecting people who do not know any better.
You get two for one when talking about Politicians and Global Warming….. Yippeeee.
I am not talking about people not knowing the facts out of ignorance or making honest mistakes as we all make those. Well you might not, but I know I sure do.
But on the other hand, think about it. Both Politicians and the Global Warming crowd have to lie or tell half-truths and commit fraud everyday (or be so misinformed they should not be out in public) in order to do what they do. Guess that is the part I can’t stand.
Nevertheless, I need to tell you about this as I would venture that you have not heard about it anywhere else have you? If you have heard that the overall mean temperature dropped by over 1 degree please post a comment.
If you have, you are well informed and go to the top of the class and you can skip to the bottom, for the rest of you, read on.
If you have not heard about this, do not feel bad, it is not your fault.
Most of the news media that has a vested interest in Global Warming is not going to trot this information out until they figure out how to spin this and spin this they will.
Truth be told, I do not like to go political and truly, these days my only interest in what the idiots (politicians) are doing is what affect they will have on economies and markets and our portfolios.
This includes the whole Global Warming debacle, as this is a politically motivated movement with zero basis in fact for anyone that cares to look at the data. Actually, you have to ignore the data in order to be part of the Global Warming Agenda.
Just for those of you that do not have a life and death reason to pay attention to the weather like me, (well technically I guess we all do) I am a pilot so therefore if you want live, you need to have a good understanding of weather and climatology in order to have the chance at being able to get you an your passengers to your destination.
I have been actively flying for about three decades now and got my glider permit back in the early 70‘s. So in order to do this safely, most smart pilots that I know (i.e. ones that are still alive) become very interested in weather and many have as much or more practical knowledge as many of the talking bubble head forecasters that you see reading the Teleprompters on the Telly.
That being said, here is a quick lesson for anyone that actually wants to know hard-core facts on the subject of Global Temperatures.
There are four references that are accepted and used by all climatologists and scientists with any real credentials for global temperatures.
They are the NASA Goddard Institute Number, which puts out the GISS number, The Hadley Climate Research Unit Temperature Anomaly or HadCRUT, The University of Alabama, Huntsville Number or UAH, and finally the Remote Sensing Systems of Santa Rosa, CA or RSS number.
Guess what? All four of them show a significant decrease in temperatures over the last 12 months. One of them even shows a decrease of 1.8 degrees! This is a big, big number that blows away what the Global Warming Loons have been saying.
We have seen a a bigger drop Temperatures in the past 12 months than what the Kyoto Treaty was supposed to produce in the next 40 years if fully adopted and implemented at the cost of several Trillion dollars. We just got it for FREE!
What does this mean? Well it means that the theory that temperatures are related to Sun Spots and other factors such as magnetics is probably correct and the Carbon Dioxide has little if anything at all to do with Global Temperatures since it actually rose a bit last year while the temperature went down a degree. It also is the death knell of doom for the whole Global Warming Fraud Group…… Whoops…darn facts….
How Does This Affect Our Portfolios?
Well, the whole Global Warming initiative right now is costing your about 75 cents per gallon at the pump, and about 10% across the board for all of the food and everything else that you buy.
It is also helped contribute to the current 10 -11% real inflation that we are seeing right now this very minute for this year. …Ouch. The most recent Wholesale Pricing Index was up 1.1% in just the last month reported. Let us see that is 1.1 x 12 = 13.2% inflation.
The big question is will the Politicians stop the new Carbon Bills that could add another $1 dollar to the price of gas, and heating oil, and a lot more than that percentage wise to coal for something that has proven to be wrong? Oh and I forgot to add that it will probably raise the cost of everything else that you buy by another 10% within the year.
There is a lot of momentum going into keeping the Global Warming farce alive and hundreds of millions of dollars being pumped into politicians worldwide to continue it, so we will have to see.
I am almost certain you have not heard this good news about the huge temperature drop on the front page of the New York Time or on the Weather Channel, or on any other major news source. But then again that is a guess since I do not partake in them.
The Bad or Good News depending on how you look at it is that the results are from the very same sources that all of the goobers in the Global Warming movement have used in the past for the dire predictions, even if they did pick and choose which years to use to make it look really bad for you.
Therefore, it is only a matter of time before even they cannot ignore it, right? Well, I hope so at least.
What Does This Mean For Us As Intelligent Investors?
The Opportunity And The Conundrum
The kicker is that right now using domestic coal we can make a barrel of Oil for around $55. Less than half of what oil is it going for now.
Right here in the good old US of A in Montana, we can profitably make Oil from coal and sell the gas for around $1.74 per gallon.
Guess what else?
“At the present rate of consumption without finding any new sources of coal or improving the process, we have enough coal to produce synthetic Oil to totally and completely replace all of the Oil we import right now this very minute and it will last for the next 200 years.”
How is that for you?
The only reason I bring this up is to look at how the whole Global Warming phenomenon affects your portfolio.
So, unless they can figure a way to squelch the data, and even then this data cannot be ignored forever, the whole Global Warming apparatus is going to unravel.
It will take awhile as you have some very powerful and entrenched people and institutions with a vested interest in keeping the fraud going as long as possible so it won’t go away for several years in spite of the temperature drops.
Actually, I am waiting for them to jump sides and start telling us now that Carbon Dioxide is going to cause the next ice age. I am only half kidding here. They did exactly that in the 70’s.
The point is that I would be very careful investing in the whole Green phenomenon as the bottom is about ready to fall out of it and start looking at coal and Oil Shale companies or hard core practical present day solutions that can be implemented right now.
Unfortunately, the profitability of both ventures depends not on the economics of the process but on the economics of what both the Republicans and Democrats are going to do with the Carbon Bills in the house.
Both versions of the proposed bill could kill off coal and Oil Shale and cause gas to hit $5 a gallon very soon if they pass. So, we will have to wait and see what they do before we can tell if the Global Warming money that is being pumped into the politicians by the millions will end up kicking us right in the teeth.
Any bets?
Thanks to Anthony Watt for the data! Keep up the good work Anthony! Here is a link to his site for anyone that wants unbiased info on weather. - AA
May 11th, 2008 at 4:07 pm
[…] whole. Much of this is related to the Global Warming debacle and this is in spite of the fact that global temperatures dropped by about 1 degree last year just in case you did not hear that bit of news.Because if the items mentioned had been […]
May 22nd, 2008 at 3:33 pm
[…] this to the fact that the Global Temperature actually dropped by 1 Degree last year and you have a major fiasco brewing and a lot of chickens coming home to roost. […]
August 15th, 2008 at 12:11 am
I understand that global warming is overblown in the media, but it still appears that the temperature is trending upwards. If it drops the same amount next year, I’d have to agree with your analysis. I think a lot has been accomplished in the last 50 years in protecting the environment (reduction of acid rain, protection the destruction of lakes, toxic chemical isolation), but there is still more to be done. I care more about my environment than whether or not some dumb people can purchase an RV and ATVs and go vacationing every summer. I don’t especially care about their AnF, Coach, WMT or their retirement either. But perhaps that makes me somewhat of an elitist. As for Al Gore, I think he’s an asshat. But I also think the people who say ANWR is going to save us are extremely misleading (and I’m not saying you’re suggesting that as our best route to economic safety). Nuclear sounds good. Solar when less expensive will be nice. We’ll see how things turn out, but, as you suggest, we can’t have politicians pussy-footing around the facts.
August 20th, 2008 at 10:17 am
Well, I guess it appears how you look at the data. If you look at the past 1000 years, we appear to be in a serious down trend.
Right now for whatever it is worth, it does look like we will be down again this year.
The trouble is you have some very smart people with political and monetary agendas that understand how to manipulate the masses of sheep that are the public very easily using the same techniques that Carnies use to get people to play games on the midway. It is not that tough unfortunately.
The real bad part is that trillions of dollars will be wasted on what amounts to a big con game. That is going to hurt the US economy and the decent hard working people that are not aware of what is going on.
Love you comment on Uncle Al… LOL