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Robert Wagner  

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  • Balance Sheets Mean Little To Green Economy Stocks: Why I Hate Book Value Analysis [View article]
    We are about to witness the crux of this article. The tax extenders bill should be voted on next week by the Senate. If it passes the Senate and is signed by President Obama, regardless of its book value companies like REGI should do very well. If it doesn't pass, you can expect them to get hurt, at least until clarity is given if it will pass next year under the new congress. Bottom line, subsidies, not book value is what matter to the green economy stocks.
    Dec 7, 2014. 09:14 AM | Likes Like |Link to Comment
  • Central Bank Buying Of Gold Is A Double-Edged Sword [View article]
    It looks like others are picking up on the theme I wrote about back in 2013:

    Will There Be Forced Official Sellers Of Gold?

    Possible Side-Effects of Plunging Commodity Prices - A Look at Russia

    One of our readers wrote to us with a question on a topic that will surely be of interest to a wider audience. Here is what he asked:


    "As FX reserves dwindle, surely there is some potential that Russia may be forced seller of Gold? I understand your views re gold market, but would be most interested to hear your thoughts on the possible impact? Are there other options? Talk of gold backed RUB, default on USD debts, etc."

    It is clear that a number of major oil producers are in severe trouble. However, Russia's central bank has actually increased its gold reserves in recent months. It is now the world's 5th largest official holder of gold, after increasing its stock pile to 1,150 tons in September (the most recent data available).

    http://seekingalpha.co...
    Dec 7, 2014. 09:09 AM | Likes Like |Link to Comment
  • Bottom In Gold Likely To Be Below $770 [View article]
    I've been making this case for a while, and it will likely be the driver for gold's next leg down:

    Will There Be Forced Official Sellers Of Gold?

    Possible Side-Effects of Plunging Commodity Prices - A Look at Russia

    One of our readers wrote to us with a question on a topic that will surely be of interest to a wider audience. Here is what he asked:


    "As FX reserves dwindle, surely there is some potential that Russia may be forced seller of Gold? I understand your views re gold market, but would be most interested to hear your thoughts on the possible impact? Are there other options? Talk of gold backed RUB, default on USD debts, etc."

    It is clear that a number of major oil producers are in severe trouble. However, Russia's central bank has actually increased its gold reserves in recent months. It is now the world's 5th largest official holder of gold, after increasing its stock pile to 1,150 tons in September (the most recent data available).

    http://seekingalpha.co...
    Dec 7, 2014. 09:06 AM | Likes Like |Link to Comment
  • Investors' Guide To El Nino, Climate Change And Summer Weather Forecast [View article]
    Here is a nice site for keeping track of the real science behind global wrming:

    http://bit.ly/1w1qErP
    Dec 7, 2014. 09:00 AM | Likes Like |Link to Comment
  • GOP Hearings On Climate Change May Threaten Entire Green Economy [View article]
    This is the problem with this "science." The warmists deliberately choose the least accurate and highly manipulated data source to make their case. If this was done in the financial world the SEC would have these people behind bars.

    Led by the BBC, the usual media suspects were quick to trumpet last week’s claims by the Met Office and the World Meteorological Organisation that 2014 is set to be “the hottest year ever”. It’s funny that the rest of us hadn’t noticed; least of all those citizens of North America and Russia whose lives were lately disrupted by record snowfalls. It is true that the temperature records compiled by the avid warmists of the Met Office and the Goddard Institute for Space Studies (the one formerly run by climate activist James Hansen) have managed to show this year squeaking just ahead of 2010 as “the hottest year since records began”. But the much more comprehensive and reliable satellite records agree that 2014 is way down the list, with six of the past 16 years ahead of it.

    The reason for this excitement just now, even before the final 2014 data are in, is that it is timed to coincide with yet another two-week UN climate conference in Lima, where thousands of officials and activists are gathered to whip up support for next year’s planned “universal climate treaty” in Paris.

    http://bit.ly/1BoZNus
    Dec 6, 2014. 06:54 PM | Likes Like |Link to Comment
  • GOP Hearings On Climate Change May Threaten Entire Green Economy [View article]
    Yet it’s conservatives – religious, less educated, less wealthy and certainly less liberal – who are generally condemned for dogmatically refusing to embrace science. After all, they’re the knuckle-draggers who believe that evolution is just a story and that global warming is a crock. In Canada, a week is not complete without another denunciation of Prime Minister Stephen Harper’s so-called war on science.

    But what about the progressives’ war on science? That war actually kills people. As Hank Campbell, co-author of the book Science Left Behind, writes, “If some crank school district tries to deny evolution, no one is going to die and it just makes them look backward and stupid. Denying food, medicine and energy science, like progressives do, is costing lives.”

    In Canada, the progressive war on science is aimed squarely at the energy industry. A large number of Canadians believe that anything connected to fossil fuels is inherently suspect. It’s not just global warming – it’s that they are thought to be inherently dangerous. They leak, spill, kill birds, devastate natural spaces and poison our earth, water and air. One reason nobody can get a pipeline built these days is because of ridiculously exaggerated safety fears.

    http://bit.ly/1yqtpRU
    Dec 6, 2014. 05:09 PM | 1 Like Like |Link to Comment
  • GOP Hearings On Climate Change May Threaten Entire Green Economy [View article]
    "“[T]he Supreme Court made clear in 2007, and affirmed recently that EPA has an obligation to limit carbon pollution because it’s a harm to human health,” an EPA spokeswoman told The Daily Caller News Foundation."

    This is a complete joke, and the GOP should have an easy time refuting this. CO2 is 400 PPM in the atmosphere, and 40,000 PPM in your lungs. Our Nuclear Subs have a Co2 level of 10,000 PPM. There is no scientific evidence to support the claim that CO2 at normal levels are harmful to your health, in fact, they are necessary for life. Plants die under 200 PPM.
    Dec 6, 2014. 04:57 PM | 1 Like Like |Link to Comment
  • GOP Hearings On Climate Change May Threaten Entire Green Economy [View article]
    It will only get worse from here:

    The Environmental Protection Agency’s proposed rule to cut carbon dioxide emissions from power plants is unconstitutional because it violates the Tenth Amendment and the Fifth Amendment, according to a noted liberal Harvard law professor.

    “In short, coal has been a bedrock component of our economy and energy policy for decades,” writes constitutional law professor Laurence Tribe. “The [EPA's rule] demonstrates the risk of allowing an unaccountable administrative agency to ‘make’ law and attempt to impose the burden of global climate change on an unlucky and unfortunate few.”

    “EPA’s singling out of a mere handful of emitters and limiting (or curtailing) their property is exactly the type of overreaching the Fifth Amendment seeks to prevent,” Tribe, who is on retainer for the coal company Peabody Energy, wrote in his comments to the EPA.

    http://bit.ly/1w1aC2x
    Dec 6, 2014. 04:49 PM | Likes Like |Link to Comment
  • GOP Hearings On Climate Change May Threaten Entire Green Economy [View article]
    "And in his next article he'll use "Intelligent Design" to debunk evolution. "

    Care to explain how such an infinitely complex molecule such as DNA, let alone life itself can randomly form after such a short period of time as 100 million years? Life emerged within 100 years of the last bombardment around 4 billion years ago, how can that be? We know the rates as which chemical reactions occur, so please, explain how a molecule like DNA can form randomly over a period of 100 million years...and we will forget about somehow creating life randomly. Have at it expert, explain how life randomly is created over a period of only 100 million years. This should be fun.
    Dec 6, 2014. 10:45 AM | 1 Like Like |Link to Comment
  • GOP Hearings On Climate Change May Threaten Entire Green Economy [View article]
    "The melted ice is less dense than the sea water so has a larger volume than the mass of displaced sea water"

    Is there some magical barrier that stops the melted ice from diluting into the salt water of the ocean? Can you drink melted ice water out of the ocean? Nope, it is saline just like the rest of the ocean. Try melting an ice cube in a glass of salt water, and then drink it. Yes the concentration of salt will be less, but the oceans are vast, and the polar caps only represent a small small small fraction of the oceans volume.
    Dec 6, 2014. 10:38 AM | 2 Likes Like |Link to Comment
  • GOP Hearings On Climate Change May Threaten Entire Green Economy [View article]
    "The author makes ridiculous statements like this and the claim that warming in polar regions won't lead to melted ice,"

    Where did I make that statement? If I made that statement it was clearly a typo, and I'm pretty sure I meant to say melting the polar sea ice won't result in an increase in the sea level. Warming, if it is above 0 degree Celsius will definitely result in melting ice. Please show me the exact quote and I'll address it.
    Dec 6, 2014. 10:32 AM | Likes Like |Link to Comment
  • GOP Hearings On Climate Change May Threaten Entire Green Economy [View article]
    ">>Absorbing radiated heat simply can not lead to warming

    Try putting a blanket over the vent on your computer."

    That is simply thermodynamic 101, energy can neither be created nor destroyed, it can only be changed in form. No matter how much insulation you use, the temperature will NEVER get about the temp of the radiating body unless the energy is changed in form, ie set on fire or something. Given that the entire AGW theory is based upon the earth radiating heat over 180 degrees^2 at 15 micrometers, and then CO2 absorbing and re-radiating 15micrometers over a complete 360 degrees ^2, with at least 50% being lost to outerspace, I think my comment stands, and that you simply didn't understand the concepts being discussed. Feel free and explain how trapping heat can lead to warming above the temperature of the radiating body's temperature, I'm all ears. What the GHG effect can do is slow the cooling, it can not result in warming. I stand by my comment.
    Dec 6, 2014. 10:26 AM | Likes Like |Link to Comment
  • GOP Hearings On Climate Change May Threaten Entire Green Economy [View article]
    This constant crying wolf will surely backfire. Every time people look into the facts they prove to be wrong.

    The Walrus Fuss - Walrus haulouts are nothing new
    http://bit.ly/1ypzk9S
    Dec 6, 2014. 10:19 AM | 1 Like Like |Link to Comment
  • Investors' Guide To El Nino, Climate Change And Summer Weather Forecast [View article]
    This is a must watch video. The comments about the EU becoming skeptical are very very very telling, as is the devastating review of the failed economics.

    Benny Peiser Testimony At The US Senate Committee On Environment And Public Works - See more at: http://bit.ly/1ypujy5
    Dec 6, 2014. 09:55 AM | Likes Like |Link to Comment
  • GOP Hearings On Climate Change May Threaten Entire Green Economy [View article]
    This video does a great job reviewing the devastating impact of these green energy policies have on an economy. If this is the kind of testimony that Congress will be getting going forward, the green economy will be in serious trouble. The hard facts of what has already happened are hard to ignore. His comment about the EU being more skeptical than the US is troublesome however especially considering the EU speaks from actual experience. Those that choose to ignore history and common sense economics are bound to repeat the mistakes of the past.

    Benny Peiser Testimony At The US Senate Committee On Environment And Public Works - See more at: http://bit.ly/1ypujy5
    Dec 6, 2014. 09:53 AM | 1 Like Like |Link to Comment
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