” It is difficult not to conclude that the 2008 oil price spike was a bubble, reflecting momentum trading spurred on, in part, by belief in the peak oil theory.”

“The misinterpretation of high oil prices as driven by geological scarcity instead of transient problems exactly mirrors the mistakes of the 1970s, suggesting that some, at least, never learn from history.”

Suggestions that the oil price will soon reach $150 or more need to be considered carefully, coming from respectable sources (in some cases), and given that the market saw such an elevation a decade ago, with the price of Brent crude reaching $144 per barrel on July 3, 2008.

The popular thinking is that oil prices collapsed shortly thereafter from the financial crisis.  And crude oil regained three-digit levels for a couple of years before shale oil production soared and sent prices tumbling in 2014.…

“There is this mismatch between what the climate models are producing and what the observations are showing,” says lead author John Fyfe, a climate modeller at the Canadian Centre for Climate Modelling and Analysis in Victoria, British Columbia. “We can’t ignore it.”

Susan Solomon, a climatologist at the Massachusetts Institute of Technology in Cambridge, says that Fyfe’s framework helps to put twenty-first-century trends into perspective, and clearly indicates that the rate of warming slowed down at a time when greenhouse-gas emissions were rising dramatically.

 – Jeff Tollefson, “Global Warming ‘Hiatus’ Debate Flares Up Again.” Nature, February 24, 2016.

It was officially noted in early 2016 with the above article in Nature, which was subtitled “Researchers now argue that slowdown in warming was real.”

I was reminded of this upon reading Pierre Gosselin’s recent post at NoTricksZone, “Global Temperature Rise Some 75% Lower Than Models Projected!…

“The Icebreaker six-turbine wind project, now foreign owned, is not a ‘gusher,’ the ‘Saudi Arabia’ of wind, as termed. It is a massive industrialization of Lake Erie, from which none will recover for a very long time.”

“We respectfully ask the Ohio Power Siting Board to examine the weight of all evidence–not hearsay, propaganda, or wishful thinking. If so, the staff-report caveats for approval (July 3, 2018) will prove insurmountable.”

Abstract: Icebreaker Wind, formerly LEEDCo (Lake Erie Development Company), has failed to materially advance its proposal of six-turbine project offshore Cleveland, reflecting an Ohio Power Siting Board (OPSB) meeting at City Hall, July 19, 2018. Key business, recreational, and conservation organizations of Cleveland, passionate members of the public, as well as representatives of concern from PA, NY, and Ontario, line up to protect Lake Erie from the taxpayer/ratepayer boondoggle.…

“To the extent that the Gulf’s recapture of the dominant share of the global oil market will make price increases more likely, the U.S. economy is at risk…. Since 1970 sharp increases in the price of oil have always been followed by economic recessions in the United States.”

 – Charles Curtis and Joseph Romm, “Mideast Oil Forever?”  The Atlantic Monthly,  April 1996.

“This notion that the environmental movement — or any other major play in the media landscape — is pushing non-stop apocalyptic messages like a broken record is one I debunked ….”

– Joe Romm, “A Critique of the Broken-Record Counterfactual Message of the New York Times on Environmentalists and Scientists,” ThinkProgress,  April 29, 2012.

Joe Romm, the climate-alarmist doyen of ThinkProgress (Center for American Progress), has long been subject to rebuttal at MasterResource.…