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In the 1980s, commercials like this one for E.F. Hutton made the brokerage firm a household name with this catchy phrase: "When E.F. Hutton talks, people listen."
Today, the same might be said of Jeremy Grantham, the mega-successful hedge fund manager who, according to Wikipedia, "has built much of his investing reputation over his long career by correctly identifying speculative market "bubbles" as they were happening and steering clients' assets clear of impending crashes."
This week Grantham, a former economist for Royal Dutch Shell, caught the attention of people who believe in "peak oil" — that world oil production has already hit its high point and is now declining — and those who are concerned about climate change. He released his quarterly newsletter (http://www.gmo.com/websitecontent/JGLetterALL_1Q11.pdf - broken link) to GMO Capital, an investment firm that manages over $100 billion in assets. His essay is titled, "Time to wake up: days of abundant resources and falling prices are over forever."
Grantham cuts to the chase at the outset of his piece, writing that his purpose "is to persuade investors with an interest in the long term to change their whole frame of reference: to recognize that we now live in a different, more constrained world in which prices of raw materials will rise and shortages will be common."
What follows in his analysis is a "comprehensive look" at data that spells out the upward economic growth trajectories (and their rising populations) of developing countries, such as China, and how this will bump up against a finite level of natural resources, especially oil.
To Grantham, climate change adds to this imminent period of volatility. With respect to agriculture, he writeS
The scientific evidence for climate change is, of course, overwhelming. A point of complete agreement among climate scientists is that the most dependable feature of the planet's warming, other than the relentless increase in parts per million of CO2 in the atmosphere, is climate instability. Well, folks, the last 12 months were a monster of instability, and almost all of it bad for farming... Unfortunately, I am confident that we should be resigned to a high probability that extreme weather will be a feature of our collective future.
In the 1980s, commercials like this one for E.F. Hutton made the brokerage firm a household name with this catchy phrase: "When E.F. Hutton talks, people listen."
Today, the same might be said of Jeremy Grantham, the mega-successful hedge fund manager who, according to Wikipedia, "has built much of his investing reputation over his long career by correctly identifying speculative market "bubbles" as they were happening and steering clients' assets clear of impending crashes."
This week Grantham, a former economist for Royal Dutch Shell, caught the attention of people who believe in "peak oil" — that world oil production has already hit its high point and is now declining — and those who are concerned about climate change. He released his quarterly newsletter (http://www.gmo.com/websitecontent/JGLetterALL_1Q11.pdf - broken link) to GMO Capital, an investment firm that manages over $100 billion in assets. His essay is titled, "Time to wake up: days of abundant resources and falling prices are over forever."
Grantham cuts to the chase at the outset of his piece, writing that his purpose "is to persuade investors with an interest in the long term to change their whole frame of reference: to recognize that we now live in a different, more constrained world in which prices of raw materials will rise and shortages will be common."
What follows in his analysis is a "comprehensive look" at data that spells out the upward economic growth trajectories (and their rising populations) of developing countries, such as China, and how this will bump up against a finite level of natural resources, especially oil.
To Grantham, climate change adds to this imminent period of volatility. With respect to agriculture, he writeS
The scientific evidence for climate change is, of course, overwhelming. A point of complete agreement among climate scientists is that the most dependable feature of the planet's warming, other than the relentless increase in parts per million of CO2 in the atmosphere, is climate instability. Well, folks, the last 12 months were a monster of instability, and almost all of it bad for farming... Unfortunately, I am confident that we should be resigned to a high probability that extreme weather will be a feature of our collective future.
Well, folks, the last 12 months were a monster of instability, and almost all of it bad for farming... Unfortunately, I am confident that we should be resigned to a high probability that extreme weather will be a feature of our collective future.
After 4 years of annual occurrences of what used to be "Hundred Year Floods," we bit the bullet and had some very extreme/pricey basement waterproofing done.
I figured Nomander wasn't likely to be available to come help me clean up after the next flood.
After 4 years of annual occurrences of what used to be "Hundred Year Floods," we bit the bullet and had some very extreme/pricey basement waterproofing done.
I figured Nomander wasn't likely to be available to come help me clean up after the next flood.
First off, what happened to "weather, not climate" as your response to any event?
Second, the storms we had were not more severe than average if you actually look at the data of the storm occurrences and averages. If you are going to throw out about tornadoes, also be sure to inform the good people here that while there is an increase in numbers recently, it is due to the fact that they are now tracking F0's which they did not before in past records (pull those out and it is right within the average).
Third, it is a known fact that storms or more severe due to a cooling climate (which we are currently showing). By the way, care to inform the good people on our current global average so far this year? I mean, you guys sure jumped the gun last year to proclaim it the hottest ever (5 months before the year was even up and had to retract that statement because it didn't hold for you).
But hey, don't let the facts get in the way of good ole fashion climate alarmist agenda!
Bursts of intense global warming that have lasted tens of thousands of years have taken place more frequently throughout history than previously believed, according to researchers in the US.
In a paper published in Nature, researchers from the Scripps Institution of Oceanography at the University of California San Diego and colleagues from the UK, Germany and Spain, report that releases of carbon dioxide sequestered in the deep oceans were the most likely trigger of these ancient "hyperthermal" events.
Moderator cut: Improper citation and copyright violation Mod edited to link to referenced article.
Last edited by MissingAll4Seasons; 05-16-2011 at 11:34 AM..
Reason: Improper citation and copyright violation.
It should not be 'earthbreaking news' that warming has occurred due to natural events- they allways have- only the last one occured 40 million years ago when carbon was introduced 'through geologic forces' it was known as the Eocene Optimum'.
The earth has cooled since- there have been may glacial periods and warmer interglacials, mostly caused from Variations in the Earth's eccentricity, axial tilt, and precession comprise the three dominant cycles, collectively known as the Milankovitch Cycles for Milutin Milankovitch.
The carbon cycle we are in now is not natural. but laregly anthropgenic
It should not be 'earthbreaking news' that warming has occurred due to natural events- they allways have- only the last one occured 40 million years ago when carbon was introduced 'through geologic forces' it was known as the Eocene Optimum'.
The earth has cooled since- there have been may glacial periods and warmer interglacials, mostly caused from Variations in the Earth's eccentricity, axial tilt, and precession comprise the three dominant cycles, collectively known as the Milankovitch Cycles for Milutin Milankovitch.
The carbon cycle we are in now is not natural. but laregly anthropgenic
It does puzzle me that some think that because climate change can occur from natural causes that we shouldn't be concerned about climate change caused by man. As a rule we fight fires regardless of their cause.
It should not be 'earthbreaking news' that warming has occurred due to natural events- they allways have- only the last one occured 40 million years ago when carbon was introduced 'through geologic forces' it was known as the Eocene Optimum'.
The earth has cooled since- there have been may glacial periods and warmer interglacial, mostly caused from Variations in the Earth's Orbit, tilt and precession comprise the three dominant cycles, collectively known as the Milankovitch Cycles for Milutin Milankovitch.
The carbon cycle we are in now is not natural. but laregly anthropgenic[/quote]
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