Good comments by Bill McKibben.--Tom
 
 
-----Original Message-----
From: Len Conly <[log in to unmask]>
To: CONS-TRANS-CHAIRS-FORUM <[log in to unmask]>
Sent: Sun, Dec 7, 2014 11:56 pm
Subject: Economic Data Lifts Market to New Highs - NYTimes.com



There have been a number of articles in the financial pages of different newspapers and magazines about the boost to the economy that is resulting from the recent fall in oil prices.  For example on December 3, 2014 the New York Times reports that  "A batch of good news on the economy on Wednesday helped push the stock market to new highs.”


("Economic Data Lifts Market to New Highs" - http://www.nytimes.com/2014/12/04/business/daily-stock-market-activity.html?_r=0)


Article goes on "In energy trading, crude oil for January delivery rose 50 cents to settle at $67.38 a barrel on the New York Mercantile Exchange. Brent crude, a benchmark for international oils used by many refineries, fell 62 cents to $69.92 a barrel on the ICE Futures exchange in London. That is the lowest close for Brent since May 2010."


It’s business as usual in these reports since discussion of the effect of these price drops in oil on CO2 emissions is off the table; no attempt is made to pay lip service to the issue of global warming. That this may be a bad thing is off the radar.


Bill McKibben put it well in this January 13, 2013 article. 




We're talking about a fight between human beings and physics. And physics is entirely uninterested in human timetables. Physics couldn't care less if precipitous action raises gas prices, or damages the coal industry in swing states. It could care less whether putting a price on carbon slowed the pace of development in China, or made agribusiness less profitable.

http://www.motherjones.com/environment/2013/01/obama-needs-climate-change-action-bill-mckibben?page=1


Len Conly




- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -To unsubscribe from the CONS-TRANS-CHAIRS-FORUM list, send any message to:[log in to unmask] out our Listserv Lists support site for more information:http://www.sierraclub.org/lists/faq.asp


- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
To unsubscribe from the IOWA-TOPICS list, send any message to:
[log in to unmask]

Check out our Listserv Lists support site for more information:
http://www.sierraclub.org/lists/faq.asp

To view the Sierra Club List Terms & Conditions, see:
 http://www.sierraclub.org/lists/terms.asp