Armstrong Economics Blog/Nature
Re-Posted Sep 27, 2017 by Martin Armstrong
Politicians have been confronted with the real cost of their support for global warming. France has suddenly come out in support of diesel because of the jobs that could be lost. The diesel crisis may have started in Germany, but there are more diesel car owners in Europe as a whole.
Suddenly, when confronted with the loss of jobs, the politicians are turning against global warming and revealing that the scientists have been WRONG on their timing. The actual study claims we will need another 30 years to reach a level of carbon to raise the temperature by 1.5 degrees C. It still only addresses the level of carbon in the air to raise the temperature and does not address that carbon has been significantly higher historically before cars. It simply employs linear analysis and assumes whatever trend is in motion will remain in motion. They ignore even the laws of thermodynamics.
Indeed, the politicians were eager to jump on the global warming theory because they have been able to raise taxes without providing a corresponding cost. The estimated cost to the private sector for global warming has reached about $1 trillion globally. The price of everything from electricity to gasoline has risen due to global warming taxes. Not to mention, it is driving the cost of meat and dairy products higher with claims that cows, the second-leading culprit behind cars, produce damaging gas to the environment. Look at the taxes on air travel. On average, 50% of the price goes toward taxes.