Chris MacIntosh has an article at zerohedge Global warming or cooling? Excerpts in italics with my bolds.
Wouldn’t it be ironic that instead of the planet-warming over the next 30 years, it actually went into a cooling phase?
When we first heard of sunspot activity and forecasting climate based on the level of solar spot activity we thought this was pixyland stuff.
However, when we “opened our minds” and started to dig deeper we realized there was something going on here. Make your own minds up. We aren’t trying to change anyone’s view but rather encourage you to open your perspectives.
You might like to read this:
“THE NEXT 30 YEARS WILL BE COLD,” SAYS CLIMATE SCIENTIST DR. WILLIE SOON
Frankly, I’m no scientist but I ran a VC firm for some years, and I’ll tell you what. You are presented with such a ton of “opportunities” that it will make your head spin.
Sorting the wheat from the chaff is quite literally a full time role, and one thing that gets honed like a sword on an anvil is the skeptical critical thinking part of our brain.
Trust but verify is so very important. And what I do know is that the entire global warming narrative, together with “the science is settled,” is complete utter nonsense. It has been extraordinarily successful, too.
Kids these days are being taught it. Mind you, my daughter, who had to present a project on it at school, provided a shocking red pill (Dad helped her on her project) to the class and her teacher. We literally have a class of people in the world today who are successful as professional hysterics.
However, what we do know is that global energy markets (and a whole host of other second order consequences) are not priced for a cooling of the planet over the next 30 years.
That is why we can get a payback of our investment in coal assets after about 5 years but it will take 100 years to get a payback from investing in Tesla.
What would happen to energy prices (natgas, coal, oil) if the world did in fact get colder over the next 30 years?
Well, the world would start using more fossil fuels and ditch the renewable thing faster than that crazy ex girlfriend/boyfriend that stalks you.
But after years of under investment in fossil fuels (particularly outside of shale), the supply would not be able to be increased meaningfully (i.e. prices would rocket higher and stay there for as long as it takes to bring on more supply), and given the underinvestment and treatment of anyone who would suggest doing so as if they’ve committed mortal sin… well, it’s not coming back in a hurry.
Now, think of every good and service that is tied to the price of fossil fuels. This picture should illustrate the point — life as we know it.
Hmmm… isn’t the rising price of all the “stuff” mentioned above a good definition of inflation? But isn’t the world perfectly positioned for deflation?
Global cooling and inflation… what a toxic cocktail. But we are perfectly positioned for both. Ah, such poetry. Bring it on!
via Science Matters
August 19, 2021 at 07:53AM