Gains Of 30 Years Wiped Out
Temperatures In Decline
click for larger image
It looks like the era of Global Warming is Over. Icecap reports:
Many scary stories have been written about the dangers of catastrophic global warming, allegedly due to increased atmospheric concentrations of the greenhouse gas carbon dioxide (CO2) from the combustion of fossil fuels. But is the world really catastrophically warming? NO. And is the warming primarily caused by humans? NO.

Since just January 2007, the world has cooled so much that ALL the global warming over the past three decades has disappeared! This is confirmed by a plot of actual global average temperatures from the best available source, weather satellite data that shows there has been NO net global warming since the satellites were first launched in 1979.

Since there was global cooling from ~1940 to ~1979, this means there has been no net warming since ~1940, is spite of an ~800% increase in human emissions of carbon dioxide. This indicates that the recent warming trend was natural, and CO2 is an insignificant driver of global warming.

Furthermore, the best fit polynomial shows a strong declining trend. Are we seeing the beginning of a natural cooling cycle? YES. Further cooling, with upward and downward variability, is expected because the Pacific Decadal Oscillation (PDO) has returned to its cool phase, as announced by NASA this year.

You know this is really terrible news for financial outfits like Lehman Brothers.
LONDON - Lehman Brothers shut down its carbon emissions trading desk after the bank filed for bankruptcy protection, a source close to the company told Reuters on Monday.

"Everything's stopped, blocked ... it's a bit anarchic," he said.

Lehman declined to comment on the matter.

Trouble ahead, trouble behind. And speaking of behind. Who was helping Lehman to make carbon trading popular?
Al Gore's carbon trading business GIM was banked with Lehman Bros. It will be interesting to see how this will play in the future but I suspect that this increases the risk of participating in Carbon trading. Merrill Lynch was also deeply involved in this business.

Last year Lehman Brothers released a long and highly publicized report about climate change in which they preached about decarbonization, trying to make their investors keep getting high profits from the Kyoto carbon trade scheme and the support of huge public subventions. All that, of course, with the applause of the usual choir of politicians, the entire media and the Greens.

Last year Lehman Brothers released a long and highly publicized report about climate change in which they preached about decarbonization, trying to make their investors keep getting high profits from the Kyoto carbon trade scheme and the support of huge public subventions. All that, of course, with the applause of the usual choir of politicians, the entire media and the Greens.

A year ago they couldn't predict their bankruptcy but were predicting the climate 100 years ahead. Thousands of green militants have been using the Lehman report as a proof of global warming and impending chaos. Lehman Bros said it! sacred words! Its scientific advisor is James Hansen!

Well what do you know? Gore and Hansen. Two of the most prestigious names in the Carbon Trading and Global Warming Science business. If you have any stock in those two guys now is the time to short it, before it goes to .

Cross Posted at Power and Control

posted by Simon on 09.18.08 at 09:23 PM










Comments

Furthermore, the best fit polynomial shows a strong declining trend.

That's complete nonsense.

The only trend you could claim would be from the linear term; but the behavior of the polynomial is always dominated by the highest power term.

Which isn't so much a trend as garbage, entirely dependent on what you choose to fit with.

What you want to be saying is that the data appears to leave off heading down.

And if it's cyclic of course there's no trend at all really, because it's cyclic.

Ron Hardin   ·  September 18, 2008 9:34 PM
Who was helping Lehman to make carbon trading popular?

I think a more interesting question, in these trying times of financial crisis and brouhaha, might be: Who invented the notion of carbon trading in the first place?

Hint: Nobody you'd particularly want to copy, investment wise.

xj   ·  September 19, 2008 1:18 AM

If you don't hit RoguePundit daily, you're missing some interesting postings on life sciences. His post on Pacific Decadal Oscillation is here:

http://tinyurl.com/548jgt

I called and spoke with Bill Peterson of NOAA, and asked him about his assertion that there was a change in the length of the PDO cycle. The evidence of a shift doesn't appear to exist. His response was that we wouldn't know for forty years.

The importance of his assertion of change only has possible relevance if you're trying to sell a belief in "climate change". If the PDO has changed, it's evidence of change. Since these are long cycles, his notion can only be falsified in what, forty to eighty years?

Love science.

OregonGuy   ·  September 19, 2008 10:50 AM

I thought the chart was the stock market!

Eric Scheie   ·  September 19, 2008 11:38 AM

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