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More Questions About Al Gore, Global Warming, and Good Stewardship


By Dan Denning • January 4th, 2007 • Related Articles • Filed Under

About the Author

DanDan Denning is the author of 2005's best-selling The Bull Hunter (John Wiley & Sons). He began his financial publishing career in 1997 and has covered financial markets form Baltimore, Paris, London and, beginning in 2005 Melbourne. He’s the editor of The Daily Reckoning Australia and the Publisher of Port Phillip Publishing.

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Filed Under: Market

We’ve been somewhat taken aback by the tone and volume of comments to our critique of Al Gore’s movie/campaign ad, “An Inconvenient Truth.” We’ve been called naïve, foolish, ungrateful, and, rather reprovingly a “young man,” All of which are certainly true, or have been at some time, or probably will be again (except the “young man” part.)

--We don’t claim to have all the answers. On the contrary, we’re just asking questions. And it seems to us that anytime there is such unanimous and even angry agreement that “something must be done” about a problem, well, it usually means something stupid is about to happen.

--It is not Al Gore’s fault and we don’t accuse him of anything unusual. We’re sure he’d be a fine man to sit down and have a beer with over a nice dinner. One on one, most men are sensible, if not always likeable.  It’s when a man turns his attention to the problems of the world and how to fix them that he starts recommending things he’d never do in his private life. He also starts telling you what you should do with your private life. Something happens to the human brain when it begins to think about things with which it has no direct experience. It is decidedly non-rational.

--That’s not to say there aren’t big problems in the world. There certainly are. But experience shows that when a vocal group of advocates start bullying everyone in sight into believing the same thing, that thing is probably catastrophically wrong. It’s true in markets and it’s especially politics. And as many other readers have noted, big problems usually lead to big, intrusive, government solutions.

--That’s not to say there may not be a problem. It is pretty warm at the Old Hat Factory today. Good thing we have AC. But our main point is that we have no idea whether the science behind global warming is accurate or not. And we’re not sure the scientists who say they know really know. How could they? The climate is always changing. Even the recorded samples of changes in the earth’s temperature are just a small fraction of the earth’s actual life span. Don’t good scientists acknowledge what they don’t know, as well as what they think they might know?

--We’re not indifferent on the matter. Coming from the mountains of Colorado, we love a pretty sunset and clean air as much as the next climate-change Neanderthal. We also think the free market does a poor job of putting a price on good stewardship of the earth’s resources. That is really what the debate over carbon emissions is about. The cost of carbon emissions has so far been “socialized” to the point where no one is explicitly paying it, but everyone is paying for it, in the form of lower air-quality and, possibly, catastrophic climate change.

--We are already seeing changes though, through more efficient energy use and new technologies. It’s possible, of course, that men have somehow already broken the earth’s operating system beyond repair. We simply don’t know. We have enough trouble changing a light bulb.

--There are a lot of things we don’t know, in fact. The older we get, the more we realize that we know very little about important things like sex, religion, and distilleries. But one thing we think we know—or at least are willing to bet on-- is that honest politicians are so rare in nature as to be non-existent. Why did Gore bother to put all that footage in there about Florida in 2000 if he was mostly concerned about the Earth? Like all politicians, Al Gore is concerned mostly about three things: himself, money, and power, not necessarily in that order.

--We will give him some credit though. It’s a good power-point presentation, theatrically presented. And it’s making people think. It’s also making some people yell and scream and write angry e-mails. But we suppose that anything that makes people think should be applauded. Clap clap.

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About the Author

DanDan Denning is the author of 2005's best-selling The Bull Hunter (John Wiley & Sons). He began his financial publishing career in 1997 and has covered financial markets form Baltimore, Paris, London and, beginning in 2005 Melbourne. He’s the editor of The Daily Reckoning Australia and the Publisher of Port Phillip Publishing.

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There Are 3 Responses So Far. »

  1. Comment by Richard on 6 January 2007:

    Once people know how to identify Haze (pm2.5...see the website) it's health effects (cancer,heart disease...just google pm2.5 and heart disease or cancer for thousands of journal articles) and how much better we feel and act, as well as how much nicer our environment looks once particulates are down and visibility and quality of light are up like the Colorado Rockies blue skies...then people will make the necessary changes to driving hybrids and forcing industry to clean up emmissions! thanks

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  2. Comment by Flummoxed on 6 January 2007:

    "But our main point is that we have no idea whether the science behind global warming is accurate or not. And we’re not sure the scientists who say they know really know. How could they?"

    They could because they have an education you have never tried to achieve.

    I am continually amazed at the ability of those with no understanding of the basics of scientific principles to consider themselves qualified interpreters or doubters of scientific data.

    For instance here in the United States where I write this from, less than 2 percent of the population holds a doctoral degree of any kind. From this small number we are further reduced to the number that graduate with doctoral degrees in the physical sciences, which unfortunately has dropped significantly in relation to the total number of graduates in all fields.

    Starting with 300,000,000 people we end up with about 2,100,000 that have received a sufficiently detailed and diversified education to actually make reasonable conclusions about scientific data or theory. Personally though, I think even this number is probably much to high as most people become specialists in todays job market and don't really posses the diversity of knowledge required to fairly consider data from outside their own specialized field.

    Why is this important you may be wondering? Well imagine this, your in a crowded room and all the doors are closed and locked and a fire has been lit in the corner. You must find a way out. The 300 people around you all have an opinion on how to get out of the room but only one of them is capable of determining the way out of the room.

    Sometimes words are more than just noise, sometimes they are dangerous distractions from reality.

    Best of luck with your reality and please, do buy a home somewhere on a beach.

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  3. Comment by Smith on 7 January 2007:

    "On the contrary, we're just asking questions".

    With such words, I could almost envision a sincere and curious mind in search of truth. I imagine this as your generous offer to illuminate a dark room for our enlightenment. But as you bravely step though the door ahead of us, you switch on your penlight and illuminate only one spot which has the appearance of being pre-selected. We had hoped that you would switch on the overhead light instead. The echos that you hear are the reflections of our disappointments basically with your honesty. Your questions represent a point of view rather than an inquiry.

    Not that it will reduce future reaction, I suggest including the following question. How is it possible to think that the concentration of a critical atmosheric component can be doubled without some system adjustment taking place? Then maybe a follow-up question: How is it possible to think that human beings can ignorantly monkey with a functioning system and make it work better?

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