"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 five 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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Friday, 28 August 2015
A detailed review of the book: ‘A Disgrace to the Profession’, by Mark Steyn
The hockey stick was never validated, yet it became so famous that it was taught to young children all over the world in elementary schools. Many years later, in 2005, it was thoroughly debunked by Steve McIntyre and Ross McKitrick (often abbreviated M&M). They showed that using the statistical technique invented by Michael Mann even random number series (persistent trendless red noise, see M&M Figure 1) will generate a hockey stick. Basically, Mann had mined many series of numbers looking for hockey stick shapes and gave each series that had the shape he wanted a much higher weight, up to a weighting factor of 392! This was truly a case of selecting a desired conclusion and then molding the data to fit it. Prominent statisticians Peter Bloomfield, Dr. Edward Wegman and Professor David Hand said Michael Mann’s method of using principle components analysis was inappropriate and misleading and exaggerated the effect of recent global warming."