Friday, November 30, 2018

Solar Externality Leads To Temporary Coolling Trend -- The Market, Energy, And Political Page, T+24 -- November 30, 2018

One way to raise the price of oil: shut down the Trans-Alaska Pipeline. Of course, the greatest effect will be felt on the west coast where oil / gasoline prices are already much higher that those in the rest of the US. The pipeline is closed a precaution after a 7.0 magnitude earthquake. The pipeline moves an average of 500K bopd.

WTI after the pipeline shutdown announcement: drops 82 cents (1.6%); now trading at $50.63.

How Many Times Have We Seen This Movie?

Wanting to know when funding runs out this time, I googled government funding runs out when -- this was the screenshot of the results, first page, first hits:

By the way, the answer: December 7, 2018, and other than Homeland Security not much else is affected. Clever how US Congress managed that.


And this is why the UN had to include this summary paragraph, the last paragraph in the IPCC Third Assessment Report, Chapter 14, Section

“In sum, a strategy must recognize what is possible. In climate research and modelling, we should recognize that we are dealing with a coupled non-linear chaotic system, and therefore that the long-term prediction of future climate states is not possible.
From earlier this year, a real externality, not an economic/man-made externality:

A huge "thank you" to a reader to introducing me to "externalities," a concept of which I was heretofore unfamiliar.

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