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ETRM Book 2
Untitled Document
Selecting and
Implementing
Energy Trading,
Transaction and
Risk Management
Software

– A Primer –
Authored & Edited by
Patrick Reames
and Dr. GM Vasey
Sponsored by Deloitte,
Sapient and Structure
ETRM Book
Untitled Document
Trends in Energy
Trading,
Transaction &
Risk Management
Software

– A Primer –
Edited by
Dr. GM Vasey
and Andrew Bruce
Sponsored by Allegro and SAS/RiskAdvisory

Cooking the Books on Global Warming

Filed under: Energy, CommoditiesPatrick Reames | November 17, 2008 @ 3:40 pm (Views: 119)

An article in the Telegraph.co.uk paints a disturbing picture of the scientific bodies tasked with monitoring global temperatures and advance of “global warming”. The article, found here, points out some very serious flaws with a recent release from NASA’s Goddard Institute for Space Studies (GISS) in which they declared that this most recent October was the hottest on record. The only problem was that just about every geographic region in the world was reporting lower than normal temperatures and, in some cases, record snowfall. Ultimately, it took a couple of “non-official” websites to sort out the mystery of the obviously incongruent data. Seems the GISS model repeated September temperature data from Russia in what should have been obvious mistake. It appears that Dr. James Hansen, the head of GISS and a close ally of Al Gore, was more than willing to accept an obviously ridiculous result from his model as long as it supported his case.

As the Telegraph article points out...A GISS spokesman lamely explained that the reason for the error in the Russian figures was that they were obtained from another body, and that GISS did not have resources to exercise proper quality control over the data it was supplied with. This is an astonishing admission: the figures published by Dr Hansen’s institute are not only one of the four data sets that the UN’s Intergovernmental Panel on Climate Change (IPCC) relies on to promote its case for global warming, but they are the most widely quoted, since they consistently show higher temperatures than the others.

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