Quote from Arnie:
Global Warming Models Are Wrong Again
During a fundraiser in Atlanta earlier this month, President Obama is reported to have said: "It gets you a little nervous about what is happening to global temperatures. When it is 75 degrees in Chicago in the beginning of March, you start thinking. On the other hand, I really have enjoyed nice weather."
What is happening to global temperatures in reality? The answer is: almost nothing for more than 10 years. Monthly values of the global temperature anomaly of the lower atmosphere, compiled at the University of Alabama from NASA satellite data, can be found at the website http://www.drroyspencer.com/latest-global-temperatures/. The latest (February 2012) monthly global temperature anomaly for the lower atmosphere was minus 0.12 degrees Celsius, slightly less than the average since the satellite record of temperatures began in 1979.
The lack of any statistically significant warming for over a decade has made it more difficult for the United Nations Intergovernmental Panel on Climate Change (IPCC) and its supporters to demonize the atmospheric gas CO2 which is released when fossil fuels are burned. The burning of fossil fuels has been one reason for an increase of CO2 levels in the atmosphere to around 395 ppm (or parts per million), up from preindustrial levels of about 280 ppm.
CO2 is not a pollutant. Life on earth flourished for hundreds of millions of years at much higher CO2 levels than we see today. Increasing CO2 levels will be a net benefit because cultivated plants grow better and are more resistant to drought at higher CO2 levels, and because warming and other supposedly harmful effects of CO2 have been greatly exaggerated. Nations with affordable energy from fossil fuels are more prosperous and healthy than those without.
The direct warming due to doubling CO2 levels in the atmosphere can be calculated to cause a warming of about one degree Celsius. The IPCC computer models predict a much larger warming, three degrees Celsius or even more, because they assume changes in water vapor or clouds that supposedly amplify the direct warming from CO2. Many lines of observational evidence suggest that this "positive feedback" also has been greatly exaggerated.
Mr. Happer is a professor of physics at Princeton
http://online.wsj.com/article/SB100...7291352882984274.html?mod=WSJ_Opinion_LEADTop
From the above article "What is happening to global temperatures in reality? The answer is: almost nothing for more than 10 years."
This is like a a game of whack-a-mole.......
Listen, we're traders right? We know about charts. We know how on a volatile chart we can often pick two points separated by long periods that are the same level. This can occur even within a larger scale uptrend. This is what is going on here in just another example of these cherry picked points that is a favorite method of disinformation that deniers use. The average person can be fooled by this. As traders we should not be. (see chart in linked window below) The fact that Mr. Happer (who the hell is he?) would use this intentionally deceptive statement is reprehensible and immediate grounds for shunning his entire argument.
The indisputable fact is that 2000 to 2010 was the warmest on an instrumental record going back almost two hundred years and 2011 was the warmest year. See the charts in this link...
http://data.giss.nasa.gov/gistemp/graphs_v3/