"The public has the impression that because there's been so much talk about climate that events of the last 10 years from an insured standpoint and climate have been unusual. The answer is they haven't."
So wrote the billionaire to the shareholders of Berkshire Hathaway.
March 4, 2014
Subscribe to:
Post Comments (Atom)
Posts
45 comments:
Reality's a bitch.
Warren will be gone soon. His son will take up the green banner and destroy what Daddy built.
Electric rates in the Northeast increased by 1/3 over the past few months.
Obama's policy of creating artificial scarcity by suppressing gas, oil and coal extraction seems to be paying off.
For his cronies in those "green" industries, at least.
Berkshire Hathaway does not hold any Apple shares, but they have been warned to stay away.
"If you want me to do things only for ROI reasons, you should get out of this stock."
"After today's meeting, investors can be certain that Apple is wasting untold amounts of shareholder money to combat so-called climate change. The only remaining question is: how much?"
This graph of temperatures over the last 10,000 years should put things into perspective.
http://i90.photobucket.com/albums/k247/dhm1353/Climate%20Change/HolHad.png
This graph is also interesting.
http://www.climate4you.com/images/GISP2%20TemperatureSince10700%20BP%20with%20CO2%20from%20EPICA%20DomeC.gif
Oopsie. Somebody's wandered out of camp. He's gonna get an earful at the next bridge game, then he'll sputter some mea culpa Re: the Buffett rule or why ACA makes good economic sense.
PB Reader wrote: Reality's a bitch.
Arbitrage is a son-of-a-bitch.
Profiteer.
Science requires that theory produce testable results. If the theory doesn't match observed data, the theory needs to be modified or scrapped.
Climate science as of 10 years ago was writing checks the climate has not, in the meantime, honored.
If it wasn't good science 10 years ago, and the basic theories haven't been changed, then it isn't good science now.
he has blasphemed
I prefer the title "climate skeptic" myself,...
I want John Kerry to say to Buffet's face what he said in Indonesia about "deniers".
Oh shucky-do! D'ya think he will take back my Medal of Freedom...ya know how he is on global warming.
Don’t know uncle Warren but ya know how... sensitive....he is if anyone disagrees....
"If you want me to do things only for ROI reasons, you should get out of this stock."
As noted over at Insty, why then are just about all the manufacturing facilities in China?
Electric rates in the Northeast increased by 1/3 over the past few months.
Obama's policy of creating artificial scarcity by suppressing gas, oil and coal extraction seems to be paying off.
I'm surprised you've never heard of the phrase Supply and Demand. When demand goes up (say, during an abnormally cold winter), so does the cost of the commodity.
The Koch brothers got to him. I don't know how, but some how they got to him.
Maybe the IRS can nudge him back into line.
I'd prefer to see the data rather than taking Mr. Buffett's word. (As should anyone).
After all, he is saying what he is saying in part to maintain the share prices of his holdings.
MadisonMan said...
Electric rates in the Northeast increased by 1/3 over the past few months.
Obama's policy of creating artificial scarcity by suppressing gas, oil and coal extraction seems to be paying off.
I'm surprised you've never heard of the phrase Supply and Demand. When demand goes up (say, during an abnormally cold winter), so does the cost of the commodity.
==================
True.
But also true when government or private monopolies seek to artificially constrain supply. Obama and Steven Chu succeeded, and the result has been years of gas priced at 3.50 or above when it averaged 1.80 in the Bush Administration.
(Something his progressive jewish and liberal lapdogs in the media have been loathe to discuss. Or how 4.70 a gallon diesel oil drives up the price of food and other goods. Not a problem they think -because poor people don't drive and get all the food stamps they want - and middle female voters still thing Obama is cute and empowers their ladyparts. )
MadisonMan said...
I'd prefer to see the data rather than taking Mr. Buffett's word. (As should anyone).
Well,
"Why should I make the data available to you, when your aim is to try and find something wrong with it?”
-Dr. Phil Jones, disgraced head of the CRU at the University of East Anglia
Good luck.
The charts posted by Illuninati above indicate very definitely that we are at or near the cusp of the present 1000-year warm period. Of less immediate concern, but interesting, is that each 1000-year peak temperature of the last three is not quite as warm as the previous one. We will have to wait a couple of more 1000-year cycles to be sure it is real and not just an anomaly, but it may well be that we are on a slow 100,000-year downslope to another peak glaciation with a mile or two thick ice over Chicago.
I wouldn't describe Buffet as a denier since he had acknowledged the reality of global warming. What he is stating, which is correct, is that there little evidence for more deadly hurricanes and tornadoes in the last ten years. Whether global warming will cause more of these is a subject of intense scientific debate, no matter how much Algore tries to pretend it isn't.
Rates of disaster level storms and climate change are not equal, unless you read the non scientific punditry.
It's all a matter of waiting for the next big El Niño year and the argument will be over. It might be popular to scoff at scientists when things are good, to doubt vaccination or climate science. But when it does not appear things are good, it is amazing how quickly that skepticism disappears. See: atheists and foxholes.
"MadisonMan said...
I'd prefer to see the data rather than taking Mr. Buffett's word. (As should anyone).
After all, he is saying what he is saying in part to maintain the share prices of his holdings."
And the guys creating the data want to maintain their grants, trips to "Climate conferences", and rockstar status in the "green movement".
Hagar said:"We will have to wait a couple of more 1000-year cycles to be sure it is real and not just an anomaly"
Ain't nobody got time for that..
Also, doesn't matter if the climate is changing, the big question is "can we manipulate the it?"
I bet he's never taken a juice fast either.
We would all like to see the data, but for some reason, they don't want us to. See Michael Mann & East Anglia.
Drudge Report: DC green energy buildings use more energy
Instapundit: titans of EU Energy: Green policies are killing us
Lololol
"We would all like to see the data, but for some reason, they don't want us to. See Michael Mann & East Anglia"
Google "Berkeley Earth Surface Temperature". You will there find all the data for every temperature record available. Or you could go to East Anglia's own CRU site to download the data directly from them.
Not what I was looking for, but thanks.
Warren is actually a green and is in opposition to the Keystone Pipeline. Because…..because Burlington Northern.
Buffet's position is kindergarten-level easy to understand: he owns insurance and reinsurance companies. They pay out when hurricanes hit, but the number of hurricanes per year has been dropping for a decade. (Recalling from memory when I read the entire story yesterday) he says, "There have been virtually no hurricanes the last five years." By which he means almost no claims to pay. You see business people know things because they have to measure those things and make business decision based on the outcomes. Climate alarmists don't have to know anything except which emotional buttons to push to keep the federal gravy train rolling.
Once more the "reality based community" is exposed for being the exact opposite of this eponymous label.
Sorry, Michael but in the article linked Buffet urges the president to APPROVE the Keystone pipeline. Sure the rest of us thought he would be anti-Keystone because of the rail business but surprise surprise.
Mike the only reason Buffet is making "good PR" pro public announcements regarding keystone is because he already knows obama wont approve it.
Think of it as harry reid allowing unnecessary dem votes against dem legislation to help red state dem senators.
No hurricanes, but no pipeline, more transportation by rail and more accidents.
They pay out when hurricanes hit, but the number of hurricanes per year has been dropping for a decade. (Recalling from memory when I read the entire story yesterday) he says, "There have been virtually no hurricanes the last five years."
Rather an Atlantic-Centric view of tropical systems.
Still, there have been 12 Major hurricanes in the Atlantic in the past 5 years (2009-2013). (Almost 20 in the eastern Pacific!) So that's an interesting use of the qualifier virtually no.
MadisonMan said...
I'd prefer to see the data rather than taking Mr. Buffett's word. (As should anyone).
After all, he is saying what he is saying in part to maintain the share prices of his holdings.
Ah, but unlike the whores of the climate "science" field, if Buffet lies about that, he gets sued. AS for the whores, if they tell the truth, they don't get funding from the government bureaucrats who get more power if people believe in the AGW fantasy.
Global Disaster Losses
Money Quote:
The bottom line here is that a signal of greenhouse gas emissions cannot be found in the aggregate loss data from Munich Re. Those making claims to the contrary should take note.
I dunno, Howard. This seems to be a bit more damning (emphasis mine)
In recent years claims have been made in venues including the authoritative reports of the Intergovernmental Panel on Climate Change and in testimony before the US Congress that economic losses from weather events have been increasing beyond that which can be explained by societal change, based on loss data from the reinsurance industry and aggregated since 1980 at the global level. Such claims imply a contradiction with a large set of peer-reviewed studies focused on regional losses, typically over a much longer time period, which concludes that loss trends are explained entirely by societal change.
Shouldn't it be climate change skeptic, climate change denier is just another way to shut down debate, as in linking a skeptic to a holocaust denier.
Isn't skepticism the way science is achieved?
It gets better ScottM. The Obama Admin is desperate to shut Dr. Pielke Jr up.
Spin from Pres's Science Advisor
"Warren is actually a green and is in opposition to the Keystone Pipeline. Because…..because Burlington Northern."
That is probably true but he made his climate change comment on CNBC while he was being confronted by the conservative very smart Joe Kernen and Buffet wants to be liked, has admitted to being non-confrontational, unlike his principled conservative father.
I don't like Buffett and I'm very pleased that I've outperformed him for the last eleven years, unfortunately for me, I can't say that about Carl Ichan.
MM: I believe the guy from Omaha, mostly because it's his business to pay out claims and whther they have or have not paid more claims is not in dispute, the facts are verifiable.
Not like the computer models which we were told presaged more hurricanes, more powerful storms and more damage in general. Face it: the models were wrong the people interpreting them were foolish or both. Either way, compared to the 1990s and 2000s the activity has decreased on USA -- where they have to make land to count as a hurricane here.
"MM: I believe the guy from Omaha, mostly because it's his business to pay out claims and whther they have or have not paid more claims is not in dispute, the facts are verifiable."
I doubt that its a big issue with him though he is happy to enjoy the benefits of crony capitalism.
I'm pretty sure I want the pipeline built more than Buffet, I want the pipeline for the good of our country.
Doh, of course the climate is always changing. What's happened in the last 5 years is the further leftist appropriation of the English language.
'climate change' = anthropogenic
global warming
if you dispute this, you're a 'climate denier' with all the social/economic consequences up to and including getting fired from jobs or not being able to be hired, being snubbed as spouse material and so on.
" Or you could go to East Anglia's own CRU site to download the data directly from them."
The raw data is gone. The "massaged data" is available.
As to Buffet, money talks and bullshit walks.
Post a Comment