Is the greenhouse theory a fallacy? A paleontological paradox.

Jennifer McElwain in “Is the greenhouse theory a fallacy? A paleontological paradox”, looks at the inconsistency of ‘greehouse theory’ with current evidence from paleontological and geological records. It argues that the theoretical effects on climate change, of so called increasing concentrations of’greenhouse gasses’, do not appear to be evident in either the geological or paleontological record.

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So much for “Carbon Credits”, scientist claims trees cause global warming.

The arguments infavour of “Carbon” trading is based on three assumptions:

a) that the limits set by government on carbon rationing is enforcable,

b) a liquid market can be established,

and most importantly

c) that it helps to reduce the effects of climate change.

The most common form of carbon credit is planting trees in the tropics. Some scientists claim this may lead to an increase rather than a decrease in overall “green-house” gasses. If this is true so much for “Carbon- trading”.

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Petroleum “an inexhaustible supply”? “Peak” Oil a scam?

Currently there are many geological analysts arguing that in the long-term, the oil supply will run out. Some argue that we have already reached the ‘peak’ of supply and that from now on, oil reserves are on a steady decline. This together with the totally distinct theory of ‘global warming’, has resulted in a cry from scientists, enviromentalists, corporate leaders, politicians and celebrities to free us from the oil “habit”. The debate on the effects of oil use and other man-made activity on global warming is another issue already addressed by other entries on this blog.

A phenomena noticed in the nineteen-ninties, was the replenishment of oil in supposesedly exhausted reserves. The deeper the wells the greater the replenishment. This phenomena was occurring at depths too deep for the oil to be due to the traditional theories on the origins of Oil being the fossilized bio-mass. A number of researchers have since delved into this puzzling phenomena and a number of hypotheses have arisen.

A paper published in 2002 in the Proceedings of the National Academy of Sciences of the United States of America, argues that deep in the earth the materials, temperature and preassure exist to produce petroleum. “The evolution of multicomponent systems at high pressures IV: The thermodynamic stabilty of the hydrogen-carbon system: The genesis of hydrocarbons and the origin of petroleum”, by J.F. Kenney (U.S.A.), Vladimir A. Kutcherov, Nikolai A. Bendeliani and Vladimir A. Alekseev (Russia), if correct in their research, then the supply of oil is continually being replenished, and that at deeper levels a vast supply of oil may be available.

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Economics, knowledge and inappropriate methods of analysis.

In an earlier post I argued that the most important book of the twentith century was “The Road to Serfdom” by Friedrich August von Hayek.

The basic assumption of the book is the inability of social engineers to predict and control outcomes in complex economies. This failure of social planners, leads to the increasing use of authoritarian methods in an attempt to ‘match’ plans to actual outcomes.

The heart of his analysis relies on the understanding that social scientists have appropriated the methods of the natural sciences, and misapplied them.

Hayek’s first public delving into understanding this problem, was outlined in his Presidential address entitled “Economics and Knowledge”, delivered before the London Economic Club on 10 November 1936.

The full text is available Here ….

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