Doomberg on the EU’s Carbon Credits: https://doomberg.substack.com/p/a-banana-worth-squeezing?r=9ozk&utm_campaign=post&utm_medium=email “To me, left unchecked, the price of carbon goes to infinity.” – Lawson Steele On Friday, October 24, 2008, Volkswagen’s (VW) stock closed at EUR 210 per share, down 50% over the prior two weeks. Like many manufacturing companies, VW was reeling from the global financial crisis. BecauseContinue reading “The Market Clearing Price for a National Suicide Pact”
Category Archives: Climate change
Saxo Bank’s 22 Calls for 2022
https://www.home.saxo/insights/news-and-research/thought-leadership/outrageous-predictions The predictions focus on a series of unlikely but underappreciated events which, if they were to occur, could send shockwaves across financial markets: The plan to end fossil fuels gets a rain check Facebook faceplants on youth exodus The US mid-term election brings constitutional crisis US inflation reaches above 15% on wage-price spiral EUContinue reading “Saxo Bank’s 22 Calls for 2022”
Ball. Court. Germany: how do you like those 2000EURs/month heating bills?
Gold, Goats, and Guns: https://tomluongo.me/2021/10/06/european-energy-crisis-gas-you-think-burning/ The European Gas Crisis keeps hitting new high after new high as gas prices around the world go ballistic. While this isn’t just a European problem, if you read the MSM, that’s all they seem to care about. You know, it snows in Japan as well folks, and China.Continue reading “Ball. Court. Germany: how do you like those 2000EURs/month heating bills?”
Coal for Christmas – China’s Supply Chain in Crisis
Human Terrain: https://fortisanalysis.substack.com/p/coal-for-christmas In mid-April 2021, I began receiving reports from sources in China and the United States that certain regions in China had begun to experience ongoing power disruptions at their warehouses and manufacturing facilities. Most notable of these was in south China’s Guangdong megaregion, where in June operations at the Taishan Nuclear PowerContinue reading “Coal for Christmas – China’s Supply Chain in Crisis”
Solar Minimum Cooling Accelerates
Pretty much as predicted over the past 5 years, we are seeing lower troposphere temperatures turning south and solar activity declines. The plot above presents April 2021 data reported from AMSU-B radiometers aboard NOAA satellites. April 2021 dipped -0.05C below the 1991-2000 average. AMSU-A + AMSU-B have flown together on the 3 NOAA KLM satellites:Continue reading “Solar Minimum Cooling Accelerates”
Less Global Warming Than IPCC Forecasts
“Science is real”. Hear that a lot, don’t you? Usually from people who aren’t scientists, never studied science in college or grad school, and probably too a science course in their lives. If you listen to “St. Greta”, mankind faces an imminent calamity. IPCC models forecast rapidly rising temperatures. But as the graph above demonstrates,Continue reading “Less Global Warming Than IPCC Forecasts”
Solar Driver of Climate Change
Energy imbalance is central to understanding and explaining climate change. The NASA-Goddard simplified representations does not show any long-term imbalance; others (Trenberth, Fasullo, & Kiehl, 2009) show an “net absorbed” of 0.9 W·m-2. The U.S. Global Change Research Program (USGCRP) indicates a “Surface imbalance” of 0.6 ±0.17 W·m-2 (one appreciates the margin precision). Judith Curry observes taking into account all potentialContinue reading “Solar Driver of Climate Change”
A European Polar Spring Amidst a Solar Minimum
Scotland’s coldest winter in a decade will drag on in what the Weather Outlook calls a three-week “polar spring”. Central UK faces an 85% chance of snow with potential for southernto experience unseasonable lows of -5C (23F). Central Europe expect a spring burial, with the Alps adding to the 3 meters (10 feet) of snowContinue reading “A European Polar Spring Amidst a Solar Minimum”
Climate Temperatures Continue Decline Following a 2016 Peak
The UAH lower troposphere temperature trends are turning south as the weaker Solar Cycle 25 continues into the Modern Solar Minimum. The full UAH Global Temperature Report, along with the LT global gridpoint anomaly image for February, 2021 should be available within the next few days here. The global and regional monthly anomalies for the variousContinue reading “Climate Temperatures Continue Decline Following a 2016 Peak”
Second Largest Gas Withdrawal Recorded
EIA: https://www.eia.gov/todayinenergy/detail.php?id=46916 Significant demand for natural gas in mid-February led to the second-largest reported withdrawal of natural gas from storage in the United States, according to the U.S. Energy Information Administration’s (EIA) Weekly Natural Gas Storage Report (WNGSR). Weekly stocks fell by 338 billion cubic feet (Bcf) in the week ending February 19, 2021, nearly three timesContinue reading “Second Largest Gas Withdrawal Recorded”
Econophysics2020 