Guest essay by Eric Worrall
Warren Buffet has repeated his inconvenient message from last year, that climate has not affected his insurance business – though he is concerned about future climate change.
Warren Buffett says global warming is not impacting the way Berkshire writes insurance
Monday, 27 Feb 2017 | 3:34 PM ET
Berkshire Hathaway CEO Warren Buffett on Monday said he has not yet seen sufficient evidence that climate change is affecting weather events to a degree that would make him change the way his conglomerate’s insurance businesses write policies.
Events such as Hurricane Sandy have raised concerns that global warming is increasing the intensity and frequency of so-called superstorms.
“I have not seen anything yet that would cause me to change the way we look at evaluating quakes, tornadoes, hurricanes by atmosphere. Now, that may happen some day,” he told CNBC’s “Squawk Box.”
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Research shows it is premature to conclude greenhouse gas emissions from human activities “have already had a detectable impact on Atlantic hurricane or global tropical cyclone activity,” according to the National Oceanic and Atmospheric Administration.
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“It seems highly likely to me that climate change poses a major problem for the planet. I say ‘highly likely’ rather than ‘certain’ because I have no scientific aptitude and remember well the dire predictions of most ‘experts’ about Y2K,” he wrote in last year’s shareholder letter.
“It would be foolish, however, for me or anyone to demand 100% proof of huge forthcoming damage to the world if that outcome seemed at all possible and if prompt action had even a small chance of thwarting the danger.”
Alarmists regularly push tall tales about contemporary storms being worsened by global warming. The reality is that even the alarmist NOAA can’t definitively detect an increase in storm activity.
NOAA make wild predictions of what they expect to happen by the end of this century, but answering for the accuracy of those predictions will be someone elses problem – few of those predictions will be tested, until long after most of us are dead.
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catastrophic degradation of catastrophic events impacting society:
https://ourworldindata.org/natural-catastrophes/
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. . . and remember well the dire predictions of most ‘experts’ about Y2K,”
<<
What experts? Those of us who worked in IT saw nothing dire. It was all hyped up by non-experts. So what if the dates of some programs did an end-run-around. It was a minor fix in our shop and most shops.
Jim
Or, in the case of Ethiopia and Romania to name two countries, didn’t have the money, resources or experts to do anything about it, so they didn’t.
whatever you want:
https://youtu.be/krK7Q49o6uA
Climate science fundamentally doesn’t understand Hurricanes. You may see more Hurricanes with global warming, but they will be less intense. The opposite of what climate science predicts.
The problem for climate science is that Hurricanes are not caused by warming. If they were, we would see them form over land, because the land is often hotter than the ocean.
Global Warming is not in itself able to create stronger Hurricanes, because strange as it may sound, you cannot make a heat engine that runs on heat alone. Rather, heat engines run on temperature differences.
Global Warming theory predicts that the atmosphere will warm faster than the ocean. Thus the Tropospheric Hot Spot predicted by the climate models. And such a pattern of warming will REDUCE the difference in temperature between the ocean and the atmosphere, which will reduce the efficiency of the Hurricane heat engine (see carnot cycle), which will REDUCE the intensity of the hurricanes.
Thumbs up for Max Roser !
Notice the timing of this obvious info well after the Paris Agreement. Was there anyone not involved in the global warming scam being run out of the White House?
The man puts his money where his mouth is ….and that’s a whole lot more than alarmists can say
Lose not loose, please
‘few of those predictions will be tested, until long after most of us are dead.’
Which therefore puts all of this under the heading ‘not my problem’.
For all of the hand-wringing over ‘children of the future’, and all the imagined catastrophes, whatever challenges the future actually does offer will (and should) be dealt with by the ADULTS of that era. That’s THEIR responsibility, just like current issues are the responsibility for the adults of current times.