"Carbon (Dioxide) trading is now the fastest growing commodities market on earth.....And here’s the great thing about it. Unlike traditional commodities markets, which will eventually involve delivery to someone in physical form, the carbon (dioxide) market is based on lack of delivery of an invisible substance to no-one. Since the market revolves around creating carbon (dioxide) credits, or finding carbon (dioxide) reduction projects whose benefits can then be sold to those with a surplus of emissions, it is entirely intangible." (Telegraph)

This blog has been tracking the 'Global Warming Scam' for over ten years now. There are a very large number of articles being published in blogs and more in the MSM who are waking up to the fact the public refuse to be conned any more and are objecting to the 'green madness' of governments and the artificially high price of energy. This blog will now be concentrating on the major stories as we move to the pragmatic view of 'not if, but when' and how the situation is managed back to reality. To quote Professor Lindzen, "a lot of people are going to look pretty silly"

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Sunday, 2 June 2013

The madness of 97% 98% consensus herds


Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one.
That is from Charles Mackay in his book, Extraordinary Popular Delusions and the Madness of Crowds first published in 1841.
I think it is an apt description of the process that led to Cook et al. (2013) Quantifying the consensus on anthropogenic global warming in the scientific literature because that paper is in fact, a product of a crowd evaluating a crowd. As an example, Dr. Richard Tol has just discovered that using Cook’s own data, the consensus number Cook should have published is 98%, rather than 97%.
Dr. Tol writes in a critique of the Cook et al. paper:
In fact, the paper by Cook et al. may strengthen the belief that all is not well in climate research. For starters, their headline conclusion is wrong. According to their data and their definition, 98%, rather than 97%, of papers endorse anthropogenic climate change. While the difference between 97% and 98% may be dismissed as insubstantial, it is indicative of the quality of manuscript preparation and review."

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