A little more than a year ago, oil prices were above $100 a barrel. The national average for gasoline was in the $3.50 range. In late spring, oil was $60ish and the national average for gas was around $2.70. The price of a barrel of oil has plunged to $40 and below—yet, prices at the pump are just slightly less than they were when oil was almost double what it is today.
No major hurricane has struck the Northeast since Hurricane Gloria came ashore on Long Island and then pushed up the Connecticut River Valley in 1985, and Gloria is the only major hurricane to strike the Northeast in the past 50 years.
James Hansen has a fantasy book out called “Storms of my Grandchildren.” I say fantasy because it seems that if you are climate scientist, or pretend to be (Dr. Hansen is actually a trained astronomer and a darn good one from what I have heard), you are allowed to make forecasts that no one now will be around to verify, and the ones you do make short term are allowed to bust and then be claimed as correct anyway. I think a lot of people in my business, who pre-date the rise of the climate science hero, are wondering if we chose the wrong profession.
The Obama administration announced last Friday that it will grant industrial wind farm operators 30-year permits to kill legally protected bald eagles and golden eagles without fear of legal repercussions. U.S. wind turbines already kill 1.4 million birds and bats each year, including many endangered, threatened and protected species such as California condors, bald eagles and Indiana bats.
In an effort that puts crash test dummies to shame, several insurance companies are working together to build a new testing facility for home hurricane preparedness. The Institute for Business &[…]