Climate Hoax- Two New Studies, Zefiro ZEFI, Consumer Credit
To be clear, I believe in climate change as the climate has always changed over shorter and long term trends. There is simply zero evidence it is caused by humans burning fossil fuels. Once you understand that governments and their climate allies are simply promoting this to create new taxes and distribute wealth, it makes more sense.
A new study conducted by independent researcher Dai Ato has upended the climate change narrative. His groundbreaking multivariate analysis concludes that sea surface temperatures (SST), not human activities, are the primary drivers of atmospheric CO₂ levels. I further validated this by decades long studies by oceanography scientists.
The ocean is a huge reservoir of CO₂ and a major contributor to the global CO₂ cycle because of solubility changes with temperature. Therefore, depending on the temperature, CO₂ release into the atmosphere or CO₂ absorption occurs during both the day and the seasonal cycle. According to the National Aeronautics and Space Administration (NASA) Earth Observatory, annual emissions and absorption are approximately 330 gigatons for oceanic sources.
Human CO₂ emissions reached approximately 37 gigatons by 2021 (International Energy Agency).
As you can see CO₂ emissions from humans is only about 1/10 of that of the ocean cycle. The ocean is a much larger factor on the CO₂ cycle. The annual CO₂ cycle includes 330 from the ocean and also 440 gigatons from terrestrial sources. A big factor for terrestrial is forests/vegetation as they absorb carbon when alive but give off carbon when they die. Think of a forest fire. It releases carbon when it burns and more when the burnt forest decays. It is also no longer there to absorb carbon. It is estimated that Canadian forest fires in the summer of 2023 gave off almost as much carbon as the USA or China gives off in a whole year. Other terrestrial sources are the cycles in soil and volcanoes.
So when you add in terrestrial, the 37 gigatons from human emissions only amounts to 4.5% of the total. For today's newsletter, I am only going to focus on the oceans so this does not get too long.
The study used UAH-SST data derived only from meteorological satellites. Because the UAH-SST data are provided monthly, the annual averages of the global sea temperature were calculated. The reason to use UAH data as SST surrogate is that meteorological satellite provides unbiased data all over the world and the temperature in the atmosphere above the ocean strongly reflects the SST.
The study, published in Science of Climate Change, shows that since 1959, no human impact on CO₂ levels has been observed.
This was a very long study data set, since 1959, comparing the influence of sea surface temperatures (SST) with human-generated CO₂ emissions. Data was used since 1959 because of a consistent and reliable carbon measurement at the Mauna Loa Observatory, Hawaii. The carbon dioxide data on Mauna Loa constitute the longest record of direct measurements of CO2 in the atmosphere. They were started by C. David Keeling of the Scripps Institution of Oceanography in March of 1958
The results were clear:
SST is highly correlated with CO₂ increases (r = 0.749), while human emissions had no significant impact.
Ato found that natural variations in SST, not human actions, govern the fluctuations in CO₂ levels. This finding aligns with past research highlighting the oceans’ role in the carbon cycle, contributing 330 gigatons of CO₂ annually, compared to 37 gigatons from human emissions.
Ocean Carbon Study
To further expand and understand this, I dug up another older study by a group of oceanographers led by Richard Feely. He is oceanographer who studies the ocean carbon cycle at the National Oceanic and Atmospheric Administration’s Pacific Marine Environmental Laboratory. He has done this for over 45 years and the study was about 40 years of data mostly hard work obtained manually.
For eons, the world’s oceans have been sucking carbon dioxide out of the atmosphere and releasing it again in a steady inhale and exhale. The purpose of the study was to learn if the ocean could keep on absorbing higher amounts of carbon out of the atmosphere to keep the atmospheric carbon levels in check.
What they learned surprised them
They found that cycles of carbon absorption and release varied greatly. In fact the oceans added to carbon levels in the air from 1994 to 2005.
Carbon concentrations in the ocean did rise as atmospheric carbon dioxide skyrocketed, but in 2006, Feely and several colleagues announced that the equatorial Pacific seemed to be venting more carbon dioxide to the atmosphere between 1997 and 2004 than it had in previous years. And in 2007, Ute Schuster and Andrew Watson, oceanographers from the University of East Anglia, reported that amount of carbon that the North Atlantic Ocean soaked up decreased by a factor of two between 1994 and 2005.
They conclude this is caused by the two North Atlantic and Pacific Oscillators.
The North Atlantic Oscillation, shifted. Like El Niño in the Pacific, the North Atlantic Oscillation (NAO) changes weather on a large scale. In the early 1990s, says Watson, the North Atlantic Oscillation brought stronger and more frequent winds to the northern regions of the North Atlantic during the winter. The winds stirred the ocean, tucking carbon-dioxide-laden surface water down and pulling unsaturated water to the surface, in effect increasing the rate at which the North Atlantic took up carbon. By 2000, the North Atlantic Oscillation shifted, calming winds and allowing warmer waters to expand north. These two changes increased stratification in the North Atlantic and slowed the carbon uptake between 1994 and 2005, says Watson.
In the Pacific, Feely tracked the increased venting at the equator to a shift in another natural pattern. The Pacific Decadal Oscillation is a decades-long climate pattern that alternately warms and cools the ocean. “When the Pacific Decadal Oscillation shifts into its cold phase, you get stronger winds and stronger upwelling,” says Feely. From this graph below, it looks like about a 25 year cycle.
The ocean does not take up carbon uniformly. It breathes, inhaling and exhaling carbon dioxide. The natural carbon cycle in the ocean turned out to be a lot more variable than they imagined. “We discovered that natural processes play such an important role that the signals they generate can be as large as or larger than the anthropogenic signal,” says Feely.
Trillions of dollars have been funnelled into subsidies for solar panels, wind farms, and electric vehicles, all under the narrative of fighting climate change. However, many of these projects deliver minimal environmental benefits while generating massive profits for industries and politicians pushing for more regulation.
The climate crisis is a massive wealth redistribution scheme, backed by faulty science. That said, it is not going away for a long time because there is too much money at play.
Look at the carbon credit market. It is like a shell game, allowing corporations to buy the appearance of “sustainability” without meaningfully reducing their carbon footprints. Again the shuffling of a lot of money.
You can't change it and we might as well benefit while the game is being played. That is why I have a strong buy on-
Zefiro Methane - - ZEFI, OTC:ZEFIF - - - Recent Price US$0.85
The company is run by the former carbon credit team at J.P. Morgan who are building a company that sells carbon credits for offsetting methane emissions.
I am planning a Youtube interview with the CEO this Friday.
I also want to point out they will host a one-hour live conference call and live stream on Friday, Oct. 11, 2024, at 10 a.m. EST. A question-and-answer session will follow the presentation and discussion
Join via Web: https://event.choruscall.com/mediaframe/webcast.html?webcastid=fXWtMWWy
To join via dial-in, call 1-866-652-5200 (U.S. toll-free) or 1-412-317-6060. Participants using this method should ask to be joined into the Zefiro Methane call.
There are millions of potential orphan methane sources (AOOGs) across 26 U.S. states as of 2020 in the form of defunct oil and gas well-heads. Leveraging decades of operational expertise, Zefiro is building a new toolkit to clean up air, land, and water impacted by methane leaks. The company has built a fully integrated operation to these environmental services via Corporate, Government and the Environmental Markets for emissions offsets. As an originator of high- quality U.S.-based methane offsets, Zefiro aims to lead the expansion that will drive even more capital into solving the orphan methane problem.
Zefiro Methane has Three Primary Revenue Streams:
1. Methane Testing, Quantification, and Monitoring
2. Asset Retirement and Methane Abatement
3. Carbon Offset Generation
Methane is 25 to 84 times more potent than CO₂ as a warming gas. It also does not benefit from the reduction cycles I mention above for carbon. Much more of it comes from human activity, estimated at 29% from energy and industrial sources in the U.S. These leaking old wells can also be an impact on the local environment that surrounds them.
Regardless of the carbon and climate story, plugging leaky wells is very good for the environment. Stay tuned for Friday
Consumers Hit the Wall
Have consumers finally hit the wall on their credit card binge. Monday, the Federal Reserve reported U.S. credit-card debt declined for second time in past three months, signalling plateau in borrowing. Total consumer credit up $8.9 billion in August, below forecast of $13.2 billion
Revolving debt contracted by -1.2 percent in August. It was the biggest decline in revolving credit since March 2021, the onset of government pandemic shutdowns. Also the drop in credit card spending was reflected by the tepid 0.1 percent increase in retail sales.
Even with credit card use tanking, American consumers are still buried under a record $1.36 trillion in revolving debt. The double whammy of rising debt and interest rates exacerbates the debt problem.
Tomorrow we get the last inflation report before the election and I will probably look at the energy market as well.
My heart goes out to all my friends and everyone else in Florida that are in the path of hurricane Milton the Terrible, currently a category 4 but very large in size.
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