Global Warming - Right & Wrong

JohnInCarolina

lousubcap said:

JohnInCarolina said:

http://twitter.com/Acyn/status/1697359347636908169?s=20

Within his specific comments about climate change, he does point out a reasonable path of how the $$ flow in the grant world. 

Clearly the true argument is data based science but that would not put eyeballs on the screen. 

Probably a conversation for another time, Frank, but on the grants score - Watters has no clue what he’s talking about.  

HeavyG

Does Watters ever have a clue?

Botch

This link was in WaPo's email, so hopefully you can click on it:
 
https://www.washingtonpost.com/business/2023/09/03/natural-disaster-climate-insurance/?utm_campaign=wp_post_most&utm_medium=email&utm_source=newsletter&wpisrc=nl_most

lousubcap

@Botch - read it just fine.

The para that was revealing to me was the following:

“We’re in the business of pricing to risk,” Matt Mayrl, vice president of strategy, performance and partnerships at American Family Insurance, said in an interview. “Sometimes your price can’t match your risk.” 

Said another way since the insurance companies exist to make $$ once you get a risk profile that may not get you the $$, time to abandon ship.  That move is now accelerated by the recent weather related claims. 

Botch

Yup.
There is one very interesting bit of US history to this.  Most avenues of insurance are covered by for-profit companies, but there is one exception:  flood insurance; it was, then wasn't, and is now again subsidized by the federal government.  
One of the courses I took for my MS in IE was "Modern Topics in IE", talking about patents, liability laws, political influences, insurance, etc; things that aren't exactly engineering but that engineers have to think about.  One of the cases studies we looked at was a woman who had a home, on stilts, over the lower Mississippi River, who had had her home washed away six times, but she had always rebuilt, because she had flood insurance.  Was she paying her share of "risk"?  Hell no, at the time the feds (ie you and I) were.  The laws were later changed to eliminate the federal subsidies, but who owns beachfront/riverside/lakeside properties, and beautiful homes up in the mountains surrounded by (now very dry) trees?  The Wealthy, of course.  The folks the republican party work for (prove me wrong).  Since taking that course, federal subsidies for flood insurance have been restored.  
We all need to watch for additional republican-sponsored fed subsidies for fire insurance in certain areas.  You can bet money on it.    

fishlessman

Botch said:

Yup.
There is one very interesting bit of US history to this.  Most avenues of insurance are covered by for-profit companies, but there is one exception:  flood insurance; it was, then wasn't, and is now again subsidized by the federal government.  
One of the courses I took for my MS in IE was "Modern Topics in IE", talking about patents, liability laws, political influences, insurance, etc; things that aren't exactly engineering but that engineers have to think about.  One of the cases studies we looked at was a woman who had a home, on stilts, over the lower Mississippi River, who had had her home washed away six times, but she had always rebuilt, because she had flood insurance.  Was she paying her share of "risk"?  Hell no, at the time the feds (ie you and I) were.  The laws were later changed to eliminate the federal subsidies, but who owns beachfront/riverside/lakeside properties, and beautiful homes up in the mountains surrounded by (now very dry) trees?  The Wealthy, of course.  The folks the republican party work for (prove me wrong).  Since taking that course, federal subsidies for flood insurance have been restored.  
We all need to watch for additional republican-sponsored fed subsidies for fire insurance in certain areas.  You can bet money on it.    

i bailed on the feds flood ins policies and bought a lloyds of london policy. dropped the cost from what would be maybe 12k now increasing at 25 percent a year down to a little over 700 bucks a year for pretty much the same payout.  10 years ago i was not even zoned in a flood plain i believe the rezoning up north was more to cover losses in the south more than anything

Gulfcoastguy

Or to cover loses out west.

JohnInCarolina

http://twitter.com/atrupar/status/1700886413821006105?s=20

Legume

It's been another hot summer, but it does seem to be cooling off in Alabama.

dbCooper

In Texas it is apparently much more profitable to not mine Bitcoin than to mine it, with an assist from ERCOT.  $31M vs. $9M...

“August was a landmark month for Riot in showcasing the benefits of our unique power strategy,” said Jason Les, CEO of Riot. “Riot achieved a new monthly record for Power and Demand Response Credits, totaling $31.7 million in August, which surpassed the total amount of all Credits received in 2022. Based on the average Bitcoin price in August, Power and Demand Response credits received equated to approximately 1,136 Bitcoin. The effects of these credits significantly lower Riot’s cost to mine Bitcoin and are a key element in making Riot one of the lowest cost producers of Bitcoin in the industry. Riot’s power strategy is a key competitive advantage, and when placed alongside our strong financial position and efficient miner fleet, put Riot in a leading position heading into the upcoming Bitcoin ‘halving’ event next year.”

https://www.riotplatforms.com/news-media/press-releases/detail/159/riot-announces-august-2023-production-and-operations-updates

Somehow this does not seem to be a good arrangement for the ratepayers, the little ones at least.

Legume

I'm not sure anyone is ever going to want to let Texas interconnect their grid.

caliking

HeavyG said:

WildmanWilson said:

Here’s a good read for you uneducated snowballs. A study from Princeton-MIT scientist. 

https://www.theepochtimes.com/article/two-princeton-mit-scientists-say-epa-climate-regulations-based-on-a-hoax-5460699?src_src=epochHG&src_cmp=CFP

Of course you would read the Epoch Times.

For whatever reason, today I got a bunch of Epoch Times clips playing before YT food/cooking videos from a guy who would surely have something to say about Epoch Times. 

What's really rich is that MAGAty folks will spend all day wailing and railing on peeps with any modicum of intelligence, education, logical insight... but, who do they turn to, to try and validate their "own research"? That's right - the interwebz "Princeton-MIT scientist". 

JohnInCarolina

http://twitter.com/SophiaKianni/status/1707779806224330826?s=20

lousubcap

Some impactful water level issues with the Mississippi River:

https://gcaptain.com/mississippi-river-near-historic-lows-grain-exports-at-risk/?subscriber=true&goal=0_f50174ef03-70cd309f35-170052525&mc_cid=70cd309f35&mc_eid=10465e83ed 

fishlessman

lousubcap said:

Some impactful water level issues with the Mississippi River:

https://gcaptain.com/mississippi-river-near-historic-lows-grain-exports-at-risk/?subscriber=true&goal=0_f50174ef03-70cd309f35-170052525&mc_cid=70cd309f35&mc_eid=10465e83ed 

salt water is moving further inland/upstream as well hurting the drinking water supply. wonder with new orleans being below sea level if they have a backup supply

nolaegghead

fishlessman said:

lousubcap said:

Some impactful water level issues with the Mississippi River:

https://gcaptain.com/mississippi-river-near-historic-lows-grain-exports-at-risk/?subscriber=true&goal=0_f50174ef03-70cd309f35-170052525&mc_cid=70cd309f35&mc_eid=10465e83ed 

salt water is moving further inland/upstream as well hurting the drinking water supply. wonder with new orleans being below sea level if they have a backup supply

Nope.  

They are installing huge RO systems…and shipping water from up river by barge.  There’s a pipeline getting built somewhere.  

The theory is to dilute the salty water with fresh from those various sources to get the salt content below the max allowed (250 ppm).

nolaegghead

I’m ready for it….

fishlessman

nolaegghead said:

I’m ready for it….

that works.....well if the system delivering the water is salt compatible.....good here with the dam, killed all the fish but the water is good.....

Canugghead

^^^ rejuvenate the carbon filter cartridge with saved RO lump dust, better for the environment

nolaegghead

Canugghead said:

^^^ rejuvenate the carbon filter cartridge with saved RO lump dust, better for the environment

My new stage one is a crushed up bag of Rockwood…🤪

lousubcap

From the BBC-

"September global temperatures hit record

Credit: BBC

The world's September temperatures were the warmest on record, breaking the previous high by a huge margin, according to the EU climate service. Some scientists said they were shocked by the scale of the increase.

What have we learned today?

Data from the Copernicus Climate Change Service shows that September 2023 was 0.93C (1.67F) warmer than the average September temperature between 1991-2020, and 0.5C (0.9F) hotter than the previous record set in September 2020. This is the biggest jump from the long-term average in records dating back to 1940. It was worse in Europe, where temperatures beat the long term average by 2.51C (4.52F).

What can explain this surge?

On top of the long-term warming caused by humans, mainly from fossil fuel burning releasing planet-warming greenhouse gases, experts believe the El Niño weather event is playing a part in surging global temperatures. During El Niño events, warm water comes to the surface in the East Pacific, releasing additional heat into the atmosphere.

How are scientists reacting?

Some experts said they were "gobsmacked" by the data. One important measure for them is the difference between current temperatures and what they were before the widespread use of fossil fuels. Last month was around 1.75C (3.15F) above the temperatures during this so-called pre-industrial period. Scientists believe that this year as a whole will stay under the 1.5C limit agreed by political leaders, but 2023 is "on track" to become the warmest on record."

JohnInCarolina

JohnInCarolina

I think we can safely file this one under “wrong”

http://twitter.com/highbrow_nobrow/status/1713215745008549939?s=20

JohnInCarolina

http://twitter.com/hausfath/status/1716937356438368549?s=20

lousubcap

Staggering level of devastation in Canada with those fires.  Don't need another round downstream. 

JohnInCarolina

http://twitter.com/ShanthaRMohan/status/1718658910662643988?s=20

JohnInCarolina

https://abc13.com/amp/farmers-insurance-companies-leaving-states-aaa-what-are-high-climate-risk/13518796/

Gulfcoastguy

JohnInCarolina said:

https://abc13.com/amp/farmers-insurance-companies-leaving-states-aaa-what-are-high-climate-risk/13518796/

Considering all of the fires out West(including hurricanes this year), hurricanes from Mexico to Maine, tornados and droughts in the midwest, floods every time the snow melts in the rust belt, I wonder just where the perfect remaining Eden is for Farmers? Are they going to put seaports in Oklahoma? Is the Mouse going to relocate to Kansas?

JohnInCarolina

Gulfcoastguy said:

JohnInCarolina said:

https://abc13.com/amp/farmers-insurance-companies-leaving-states-aaa-what-are-high-climate-risk/13518796/

Considering all of the fires out West(including hurricanes this year), hurricanes from Mexico to Maine, tornados and droughts in the midwest, floods every time the snow melts in the rust belt, I wonder just where the perfect remaining Eden is for Farmers? Are they going to put seaports in Oklahoma? Is the Mouse going to relocate to Kansas?

Your point is well made, there are plenty of natural disasters everywhere.  Nevertheless, I think insurance of any kind might soon be hard to find in the Gulf states.

Gulfcoastguy

JohnInCarolina said:

Gulfcoastguy said:

JohnInCarolina said:

https://abc13.com/amp/farmers-insurance-companies-leaving-states-aaa-what-are-high-climate-risk/13518796/

Considering all of the fires out West(including hurricanes this year), hurricanes from Mexico to Maine, tornados and droughts in the midwest, floods every time the snow melts in the rust belt, I wonder just where the perfect remaining Eden is for Farmers? Are they going to put seaports in Oklahoma? Is the Mouse going to relocate to Kansas?

Your point is well made, there are plenty of natural disasters everywhere.  Nevertheless, I think insurance of any kind might soon be hard to find in the Gulf states.

You are also in the hurricane zone.