The Global Warming Myth?

An interesting excerpt from the Phil Flynn Energy Blast (Alaron Energies www.alaron.com) which looks at how the evidence for global warming has dissipated over the last decade and looks set to continue this way. For some global warming is unproven but the results of the hype which have caused people to be more earth conscious are of great benefit to the planet as a whole. The debate is set to continue and we may only understand the effects in hindsight.

[[[ Are you still worried about global warming? You need not worry, at least not this year. The BBC reported that global temperatures will drop "slightly" this year as a result of the cooling effect of La Nina current in the Pacific, quoting UN meteorologists. The World Meteorological Organization's secretary-general, Michel Jarrud, told the BBC it was likely that La Nina would continue into summer. So according to the BBC that this would mean global temperatures have not risen since 1998. Of course global warming experts say, "we are still clearly in a long-term warming trend" and they forecast a new record high within the next five years. Yet excuse me if I am wrong. I do not remember even one global warming expert predicting that global temperatures would not rise over the last decade. Could this be the lost decade when it comes to global warming?

And what about those fears that the global warming experts raised about natural disasters? Didn't some say that the active hurricane season we had in the Gulf of Mexico and the strange weather that was happening all over the country and the globe was due to unmistakable global warming? Yet how is this possible if global temperatures have not risen in the past ten years? Why were we not having these events 10 years ago?

This is also having and impact on business in a strange way. The Guardian Press reported that Lloyd's of London warned that an absence of natural disasters man-made and otherwise was putting pressure on firms to reduce premiums in 2008. The world's oldest and largest insurers of natural disasters were being squeezed. The company said at least half of their business was conducted in the US last year. It was a major insurer of the Florida seaboard and oil rigs in the Gulf of Mexico. The Guardian says yet after two years of relatively few claims for environmental damage, it has increased competition in the sector. That means for futures this hurricane season the "hurricane premium" will be lower as well. That also means if we do have an active hurricane season the move will be much stronger to the upside! I am not panicked about global warming but just to be safe you might want to by some cheap natural gas calls. ]]]