Energy, Glo-Bull Warming And Sandy
The Market Ticker ® - Commentary on The Capital Markets
Posted 2012-11-05 07:01
by Karl Denninger
in Energy
 

Mayor Bloomberg is trying to claim that Sandy had something to do with "climate change."  He's full of crap.  Sandy was a freak storm that hit as it did due to a high pressure system in the middle of Atlantic that forced it westward, amplifying with forward motion the normal easterly wind of a tropical system.  While the central pressure was very low as hurricanes go it was a yawner. 

In terms of storms the United States hasn't been hit by a Cat 3 or better since Wilma; seven years of time have passed.  If human-caused "Glo-bull" warming is responsible for more and more-furious storms, where are they?  Missing, that's where.

Mayor Bloomberg intentionally forgets that in the 1950s three successive storms in one year's time hit the east coast and each of them individually did far more damage than Sandy.  Yet the 1950s were well before the alleged "explosion" in man-caused Glo-Bull warming took place. 

Humans put about 3.5% of the total CO2 into the atmosphere via fossil fuels.  Of that the OECD nations, that is developed nations, are responsible for about half.  The rest is from developing nations such as China and India.  China and India are not going to stop developing, and they are projected to be emitting far more CO2 than we within the next 10 years, with that trend continuing onward.  Yet they are explicitly omitted from any alleged forcible plan to play "tax the rich", which means that any such plan will do exactly nothing to address this non-problem and the promoters of these taxes know it.

And that, my friends, is granting the premise that humans are actually responsible at all for changing climate.  The problem is that there's scant evidence to back that up and what does exist is tainted by intentionally-tampered with data, selective editing of data sets out of thousands of samples with the others obscured or destroyed, knowing modifications to analyticalk software complete with comments that document an intentional skewing of results to fit a desired claim and more.

This is nothing other than a scam and people like Bloomberg ought to be ejected from the public square and politically hung for running it.  Theft is against the law in both custom and fact, and those who commit it by fraud under color of law or authority deserve the harshest of punishment.

We do have a problem with fossil fuels but it's not what's presented.  Rather, the problem is that this rock is finite and the easily-accessed sources have been burned up.  We have intentionally ignored the inescapable fact that there is no such thing as a free lunch but there are paths forward that can work which we as a people have ignored on purpose due to conflicts of interest both financially and within our military machinery for war-fighting materials.  We also allow to go unanswered ridiculous and facutally bereft scaremongering on nuclear power predicated on our current installed base of technology after we intentionally crippled it by refusing to both close the fuel cycle and exploit known nuclear technologies that are both safer and provide a means to produce fossil-fuel "lookalikes" that can run our transportation infrastructure.

The simple fact of the matter is that energy lies at the root of all economic progress.  I don't care whether people like this fact or not, it is a fact. While Bloomberg is somewhat less-strident than many in this regard the simple reality is that you cannot have both economic progress and a stifled energy infrastructure, and the so-called "green alternatives" are thermodynamic frauds when one attempts to actually replace what's being done today.

We can either face these facts and develop reasonably economical alternatives, including nuclear power, or we will have the choices made for us as the cost of continued extraction and production of energy, including so-called "green" power, goes through the roof.  Down this road lies the precise disaster that Bloomberg cares to claim we can avoid.  Indeed it is that inherently evil called diesel fuel that enabled the NY Stock Exchange to open Wednesday morning.

Bloomberg would like you to forget that.

I don't intend to let him get away with it.

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