Those pesky emails – Climategate keeps rolling along

We heard about the second set of emails that mysteriously migrated off of climate researchers’ archives, but hadn’t seen any. Now, PJ Tatler has published a few really damning ones, showing the political considerations that were being discussed.

“The selections I’ve read so far suggest, again, that the “consensus” is political, not scientific: there is a lot more controversy than we hear about, and in several cases people raise or confirm the same objections that people like Steve McIntyre have been making for years,” wrote the article’s author, Charlie Martin. “It also explains why Michael Mann is so anxious not to have his emails released to Chris Horner.”

IFO has read some of McIntyre’s writings on his blog, Climate Audit. He’s Canadian, so the quality of his writing is superb: humorous and erudite at the same time. A pleasure to read.

Almost exactly two years ago, PJ Tatler was one of many publications analysing the emails when they were first released. Here’s the lede to that piece (Three Things You Absolutely Must Know About Climategate):

They’re calling it “Climategate.” The scandal that the suffix –gate implies is the state of climate science over the past decade or so revealed by a thousand or so emails, documents, and computer code sets between various prominent scientists released following a leak from the Climate Research Unit (CRU) at the University of East Anglia in the UK.

This may seem obscure, but the science involved is being used to justify the diversion of literally trillions of dollars of the world’s wealth in order to reduce greenhouse gas emissions by phasing out fossil fuels. The CRU is the Pentagon of global warming science, and these documents are its Pentagon Papers.

Investment lesson? Never believe anything until it has been officially denied.

Investment lesson #2 – Thanks to the Internet, the truth will out much sooner than it has in the past. Remember Piltdown man? It took decades to bust that lie.

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About InvestingforOne

I've been investing in various assets by myself using a discount broker for many years. Over that time, I've developed some theories that others might find useful. Plus, there is more to investing than money. Time, talent, work, friends, family all go into developing a good and satisfactory strategy.
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