What An Incredible Day! BBC Reports That Global Warming Stopped Back in 1998! 1998 -- That Was 15 Years Ago. I Can't Make This Stuff Up

Updates

July 15, 2013: but what happens if the earth begins to cool?

May 21, 2013: Germans agree - warming has stopped -- "baffled German government concedes! Global warming has stopped."

“In the years leading up to the year 2000, the temperature curve rose very sharply. But since then it isn’t rising so, in fact it’s not rising at all, the curve. The average temperature has stagnated at a very high level – we sort of have a plateau, and that during a time when CO2 emissions have risen considerably.”

The "green movement" now refers to this as a short-term fluctuation.

Later, 7:11 pm: a reader questioned my interpretation that global warming "stopped" in 1998. The BBC:  "Since 1998, there has been an unexplained "standstill" in the heating of the Earth's atmosphere." See link below. I can't speak for other areas of the country, but in Texas, "standstill" and "stopped" are synonyms. At this website, it's even more dramatic: "dead stop."

Original Post

Instead of several individual posts, many links: "this is my world."

1. From SeekingAlpha: double up on these companies as Bakken estimates double. I have not read the article. I really don't care about the specifics. Long term followers know the potential. I post it for the archives.

2. From The Daily Ticker, gold and silver as inflation fears fail to live up to hype. That's the headline. Who cares? There's a bigger story.

3. I can't find it now, but there was an article over the weekend suggesting that the oil companies have not participated in the bull market so far this year. If I find it, I will link it.

4. When does 2 + 3 = 4? When one reads data point #2 and #3 above, one comes to #4. Where do gold and silver traders move when they tire of metals? Yup, that's right. Oil.

5. BBC is reporting: Climate slowdown means extreme rates of warming 'not as likely.' I can't make this stuff up. [I honestly don't know what "climate slowdown" means. I never considered the climate speeding up or slowing down. The headline writer just couldn't bring herself to write: global warming ended 15 years ago.]

Scientists say the recent downturn in the rate of global warming will lead to lower temperature rises in the short-term. 

Since 1998, there has been an unexplained "standstill" in the heating of the Earth's atmosphere. Writing in Nature Geoscience, the researchers say this will reduce predicted warming in the coming decades. But long-term, the expected temperature rises will not alter significantly. 

"The most extreme projections are looking less likely than before. --  Dr Alexander Otto University of Oxford.

The slowdown in the expected rate of global warming has been studied for several years now. Earlier this year, the UK Met Office lowered their five-year temperature forecast.

But global warming advocates still insist that global temperatures will increase by, oh, maybe, possibly, perhaps, as much as, say two, okay, maybe one degree. But that's Celsius. And one degree Celsius is almost two degrees Fahrenheit. So, if we measure global temperature in Fahrenheit degrees, the global temperature will rise almost twice as fast as if we measured global temperature in Celsius degrees. But certainly this is great news: "The most extreme projections are looking less likely than before."

6. By the way, did you catch the BIG story line in paragraph #5 above? The scientists tell us that global warming stopped in 1998. But they don't tell us when global warming will start up again. That's because they don't know. I'm not even sure they all agree that global warming will even start up again. They don't know why it stopped, so why would they know it's going to start again? What if Ms Intelligent Designer who recently visited Stellar Central #2561-F (that would be the sector responsible for this corner of the universe) simply turned down the thermostat and plans to leave it there?

7. Do the majors need $120 oil to make money? Nope. From Motley Fool:

At the same time, there are a number of companies with operations that can be profitable without $120 oil. ExxonMobil posted average 2012 per-barrel production costs of $13.02 for total per-barrel oil equivalent, $23.81 for bitumen and $47.45 for synthetic oil. These low production costs and the integration of ExxonMobil's upstream and downstream operations allows it to provide a strong return on investment (ROI) of 32.9%.

8. Yahoo!In-Play: I don't invest in NOV, never have, never will, but this sounds like good news for some, a doubling of the dividend:

Natl Oilwell Varco Board of Directors has approved an increase in the regular quarterly cash dividend to $0.26 per share of common stock from $0.13 per share of common stock : Co announced that its Board of Directors has approved an increase in the regular quarterly cash dividend to $0.26 per share of common stock from $0.13 per share of common stock, payable on June 28, 2013 to each stockholder of record on June 14, 2013. The Company has increased its quarterly cash dividend every year since the Company started paying cash dividends. 

Disclaimer: this is not an investment site. Do not make any investment decisions based on anything you read here or think you read here.