BOB HOYE, INSTITUTIONAL ADVISORS – WEBSITE:

www.institutionaladvisors.com

BOB HOYE

PUBLISHED BY INSTITUTIONAL ADVISORSJULY 28, 2009

Climate Change

"Gore's Hometown Nashville Breaks 1877 Cold Temp Record"

The headline is from a report by Associated Press that July 21 recorded the lowest low temperaturefor that date since 1877. The irony is exquisite.From time to time, we comment on the blatant promotion that the planet is "unhealthy" and can onlybe cured by enormous increases in taxation and regulation. Our January 2008 essay

"Intellectual Hysteria"

was prompted by the sudden increase in volcanic activity in the Kamchatka Peninsula.Although of moderate dimensions there were enough eruptions to conclude a moderate degree of global cooling.The point of the essay was that the mania about "Global Warming", which had morphed into"Climate Change", was another example of intellectuals getting excited about personal revelationsabout a disaster that needed remedy. One example brewed up in the 1860s when England's leadingeconomist, Stanley Jevons, had visions that civilization as they enjoyed it then would end as theprimary source of energy – coal – would run out. Modern culture was to blame."Peak Oil" has been the equivalent of Jevon's

The Coal Question,

published in 1865.The hysteria about massive energy shortages in 2008 was similar to those that crested with crude oilprices in the 1970s. The main difference was that energy crisis was accompanied by the maniaabout "Global Cooling".If anything since early 2008, the hysteria has increased. On June 28, Nobel economist, PaulKrugman, wrote

"And as I watched the deniers make their arguments, I couldn't help thinking I was watching treason – treason against the planet"

. Krugman, a leading economist, seems ascaught up with intellectual hysteria as Jevons was in 1865. It is hoped that his next whim is not todesign airplanes, or elevators.There has been a series of unusual weather reports:May 31:

"Frost advisory for New York State"

– Lowest temperatures for that date since 1966.June 6:

"Snow falls in Western North Dakota, not seen in June in 60 years."

"Saturday's high temp in Green Bay was 52. That set the record for the lowest high on June 6. Previous was 53 in 1935."

June 15:

"So far, June's chill is one for the record – coldest since records began 50 years ago."

That wasat Chicago's airport.

BOB HOYE, INSTITUTIONAL ADVISORS – WEBSITE:

www.institutionaladvisors.com

June 20:

"Thursday was the 14th consecutive day to stay below 100 degrees. That's the longest stretch of its kind in June since 1913."

That was in Arizona.July 1:

"New York City – coldest June since 1958"

July 15:

"May broke records from one end of the country to the other – it was the coldest May on record."

The last one was from New Zealand, and goes rather well with the record in Nashville.That global temperatures have been declining extends beyond anecdotal reports. For a constantlyupdated chart of temperature:www.drroyspencer.com Of interest is that global warmongers have been very excited about the 0.75 C to 1.00 C increaseover the past 30 years or so. In the past few years temps have declined by about three/quarters of adegree and the promoters have intensified their efforts to ram their beliefs into regulation.July 9:

"We have just 96 months to avert irresistible climate and ecosystem collapse, and all that goeswith it."

That was Prince Charles on his latest hobby-horse. And the real ambition of the left has always beenfull control over everyone's life. Always for the public's own good, of course.July 10:

"A climate change response must have at its heart a redistribution of wealth and resources."

That gem is from Friends of the Earth (www.foei.org)July 23:

"July is on track for the second coolest on record."

That is for New York City on data back to 1869.As the left is trying so hard to ignore, global temperatures have been declining significantly, forcedlower by diminished solar activity and an increase in moderate volcanic activity.By May last year the extension of the minimum on the usual 11-year solar cycle was becoming veryinteresting and by July sufficient to inspire our cartoon. It is attached and the message is stillworking.

BOB HOYE, INSTITUTIONAL ADVISORS – WEBSITE:

www.institutionaladvisors.com

Deepest Solar Minimum Since 1913

The following tables the numbers as at July 27:

Spotless Days

Current Stretch: 17 Days2009 Total: 159 Days (76%)Since 2004: 670 DaysTypical Solar Minimum: 485 DaysThe count on the solar minimum begins with the first spotless day, and in February solar physicistsdefined this as the deepest solar minimum since 1913. It continues.www.spaceweather.comis one site that keeps the count current.For those who want to review some real science on the subject:www.friendsofscience.org Earlier in the year we pointed out that hundreds of thousands of years of data show that warmingtrends lead increases in atmospheric carbon by some 400 to 800 years. Our conclusion has been thatthe carbon-man-caused-warming story is the greatest blunder in the name of science since theVatican insisted that the solar system revolved around the earth.The karma of geophysics continues to overwhelm the dogma of global warming religions.

"You must know that the world has grown old, and does not remain in its former vigor. It bearswitness to its own decline. The rainfall and the sun's warmth are both diminishing; the metals are nearly exhausted; the husbandsman is failing in the fields."