- WEB EXCLUSIVE
- PE COFFEEHAUS
The first indication I noted was a report from Accuweather.com. Their expert wrote a piece that showed the Earth’s air temperatures have been declining at a rate that matches the decline in sunspot activity. Sunspot activity history supports this concept. Visit spaceweather.com to read about sunspot 1024. It is the first one seen in months and they have been closely following this slow-moving phenomenon as it waxes and wanes and they try in vain to predict what it will do next.
The next report came yesterday in reports from the Associated Press and Reuters News Service as T. Boone Pickens was interviewed and revealed he is dropping plans to build a huge wind farm. Pickens has been closely working with members of Congress to push a two-pronged agenda to increase the use of natural gas to power our cars and provide electricity while he built a wind farm that would be able to supply enough electricity to power nearly one million homes. The costs to build the farm have nearly tripled to about $12 billion and he can’t get all of the needed financing. Also, it looks like the costs will continue to rise as technical difficulties continue to creep into the plan. He has 687 G.E. turbines on order that are about 400 feet tall and is now looking for a place to sell them. He will continue to push to use natural gas to replace coal and petroleum where possible as it is a cleaner burning alternative.
Today, the G-8 is meeting in Italy. The members include Britain, Canada, France, Germany, Italy, Japan, Russia and the United States. One of the major topics of discussion was to try and reach an agreement on climate control. The original concept included cutting emissions by 50 percent by 2050. Rumor has it that developing countries such as Brazil, China, India, Mexico and South Africa are bulking at the requirements, which is causing the developed countries to back down. A report is supposed to be released tomorrow about an agreement and rumors now claim that the 50 percent reduction language will be omitted.
It always comes back to money and it always will. Normal people cannot print money or issue IOUs. Due to changes in the banking industry, credit card usage will likely be reduced further than it is now. Consumer confidence is near all-time lows and it just does not seem to be the best time to be building high-speed railroads or fancy parks and parking lots. Like every normal family around the world, we need common sense conservative actions to recover from the crisis most of us are currently facing.