Tuesday, April 17, 2007

Most Hated But Least Understood Person On Global Warming

THE BULLY ON THE OTHER SIDE: Richard Lindzen is an atmospheric physicist and professor of meteorology at MIT, a member of the National Academy of Sciences and Al Gore hates him. He is a bully and belittled Bill Nye, "the science guy" on Larry King Live.

You see, he is one of the premier scientist in the world on climatic changes and outwardly expounds his beliefs that Global Warming is a red herring and man has no more effect on global climatic changes than does the butterfly.

He dissents on most world organization findings on global warming and is very distrustful of governments. He has denounced other scientist for their sheep like mentality and alarmist views. He is a very interesting fellow. One who would talk down to a senate committee and bet a bottle of scotch that they are full of it.

He will be in the news often during our climatic journey and when you hear him rant and rave, know that he is considered one of the most learned scientist in the world on the effects of climate change.

Harper's Magazine asserted in an article that he charges oil and coal interests $2500 a day for his consulting services. With his views he could name his price. He denies that dissenting scientist are on the take and claims that "scientists who dissent from the alarmism have seen grant funds disappear, their work derided, and themselves labeled as industry stoops, scientific hacks or worse".

He was dismissed as research director of the Royal Dutch Meteorological Society after questioning the scientific underpinnings of global warming. He has lost a lot of friends along this path but continues to stick with it.

When I analyze the myriad of information on global warming I am no closer to an absolute understanding than anybody else. But, as a marketeer, I must take a stance on where the market trend is going and where my money goes. This stance may be void of absolute determination, but as Pascal's bet goes, we will be better off betting on solutions, as the outcome of not working on solutions will have the greater effect if we are wrong.

Alternative energy is but a small insignificant part in our goal to lower carbon emissions today, but will eventually, in the far future, bring temperance to our addiction on fossil fuels. Already the sales of vehicles utilizing battery technology are down. Hydrogen vehicles have no refueling network. The total carbon balance is askew when we take into account the amount of energy used to make batteries and convert biomass to alcohol.

My bet is still on large integrated oil, coal, and a few equipment companies. I have stuck with them for 3 years, and along with metals, have returned 80% profit a year.

Back to Lindzen. He may be right or wrong but the good part is, the topic of global warming will remain in the news, as both sides continue to publicly spar and debate the underlying causes. Meanwhile I will sit back and continue to reap the rewards of investing in big oil and coal.

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