“Historic” is the new ‘bogus.”
WaPo headline, editorial and reports from this morning:
Paris accord is a big win for Obama, even as climate dangers still loom
Historic pact to cut greenhouse gases marks ‘turning point’
Countries just adopted a historic climate change accord. Here’s what happens next
Confabulation is a disease that is not really very new in that strange little parasitoid foreign country that’s called The district of Columbia.
It is incredibly disappointing, but not unexpected, that none of the major news companies are talking about the trillions of dollars in balance sheet asset value write-downs and losses that the fossil fuel energy companies will be forced to recognize as fossil fuels are phased out (as trillions of dollars in real earnings losses, if this ever happens). Talk about economic disasters, you ain’t seen nuthin’ yet! What will all of the phony and useless numerical model building professors do when their kids are on the bread lines? Their pensions and other assets will evaporate with the value of their “predictions” and the plummeting stock market. The models have proven badly flawed and useless with actual measured temperature values over the last eighteen years, and trivializes the Kyoto Accord.