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How Soon Will the Carbon Bubble Pop? Options
Posted: Thursday, December 20, 2018 9:04:40 AM

Rank: Advanced Member

Joined: 3/23/2015
Posts: 8,480
Neurons: 48,535
Location: Burlington, Ontario, Canada
How Soon Will the Carbon Bubble Pop? This 2016 article explains why it is in Donald and Putin's interest to keep it going as long as possible for the fossil fuel industries and what is happening right now in both countries politically as well as financially. Bubbles always pop.

We have the means to stop the dependency on fossil fuels, but two heads of state are doing everything they can to protect a declining industry as long as possible. Makes sense why they are working together and why Trump has removed the aluminum tariff for Russia but not for other countries. Canada is still considered to be a "national security risk". lol

On a side note:
Trumponomics have caused the US, Canadian, and other stock markets to lose all gains from the past year. In the US 401k owners are complaining about losses to their retirement funds, inflation is up, jobs and companies are pulling out of US, there was no trickle down from tax reform, middle income tax relief is a no go, wages have stagnated, farmers are getting socialism, healthcare/medicare etc. are being cut or made too exorbitant, and a recession is looking as if it might materialize. Edited: After failing to gut food stamps in the Farm Bill, Trump has announced he plans to sidestep Congress and unilaterally slash the program by fiat—just days before Christmas.

Unfortunately, the US is taking the rest of the world down with it financially, and climate change denial is costing the world billions in dollars and human health/death losses already.

Mark Carney gave an address. In other words, one of the most knowledgeable financial authorities on the planet has come to think that the difference between what the high-carbon part of the economy is priced at and what it’s worth is so enormous that letting it grow and then suddenly pop could crash financial markets worldwide.

"Do the people you care about love you back?" Warren Buffett's measure of success
Oscar D. Grouch
Posted: Thursday, December 20, 2018 12:23:20 PM

Rank: Advanced Member

Joined: 6/26/2014
Posts: 589
Neurons: 969,980
Antarctica is melting. It is currently losing 65 million metric tons of ice per year from West Antarctica alone. The problem is that much of the landmass currently sits below sea level. Once the ice starts melting, the process will likely become irreversible. The National Geographic Society has predicted that this scenario will come to pass if fossil fuel consumption continues at current levels.

Sea level is predicted to rise 216 feet (65 meters). This will drown coastal areas around the globe. The National Geographic Society has published maps of each continent's new coastline. For example, the Mississippi River delta will become an estuary that will dwarf the Chesapeake. Florida, along with most of the Eastern Seaboard, will disappear. In a world without ice, the mean global temperature is predicted to rise to about 80 °F (26.6 °C) from its current mean of 58 °F (14.4 °C). Numerous plants and animals will go extinct and it will likely rival the Permian Extinction. People will die, perhaps a billion or more. This is the future that awaits our planet and future generations if we do nothing. It will make the current debates about global warming look like a playground argument among grade school children.
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