Bob Hoye Blog | Climate Update BOB HOYE PUBLISHED BY INSTITUTIONAL ADVISORS | Talkmarkets

After completing a degree in Geophysics, Bob worked in mining exploration. Inspired by the mistake of making money on his first trade, he joined an investment dealer. Historical research led to metals forecasting for large mining companies. This segued into providing independent research to ... more

Climate Update BOB HOYE PUBLISHED BY INSTITUTIONAL ADVISORS

Date: Friday, November 3, 2017 4:24 PM EST

BOB HOYE PUBLISHED BY INSTITUTIONAL ADVISORS NOVEMBER 3, 2017


Climate Update
The Sunspot number for October was 13.2, down sharply from September’s 43.6. There
were some 10 Spotless days, which drove the count for the year to 68 or 22 percent. This
compares to last year’s total of 32 Spotless days or 9 percent.

The count for previous years was 0 or 1, back to 2010 when it was 51 days. The cycle
minimum was set in 2009 at 260 Spotless days or 70 percent.

The Monthly high count for Sunspots in Solar Cycle 24 was 146 in February 2014. The
high for Solar Cycle 23 was 244 in July 2000.

Essentially, there were two methods that forecast this Solar Minimum. Solar physicists
Penn and Livingston in the 1990s based their conclusions on the Sun’s internal dynamics.
Others used the Solar Cycle of some 200 years. The current minimum is the lowest since
the Dalton Minimum of the early 1800s.

Solar minimums have been associated with climate cooling.

Climate and weather developments have been a fascinating subject; on their own. Mix in
unrelenting political ambition and it becomes the greatest promotion in history.
That a committee of bureaucrats can “manage” the Earth’s temperature assumes abilities
previously only assigned to gods.

It is essential to distinguish reality from speculation.

The main speculation is that modern industrial life causes, first, “Global Warming”. And
second it causes “Climate Change”. Both enable criticism of ordinary life that can only
be remedied by massive increases in taxation and regulation.

Reality refutes speculation.

That there is no link from CO2 atmospheric concentration to the significant changes in
climate is condemned as heresy. That change in the Earth’s temperature lead changes in
CO2 by some 500 to 800 years is ignored. Mainly because millions of years of history
show that temperature changes force changes in CO2.

In which case, there is no need for extraordinary increases in taxation and regulations.
The only reason AGW became dominant was because it is a theory that can be used to
transfer wealth and power to the state. Of course, this is the reason behind the dominance
of interventionist economics and central banking.

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