Self-Driving Technology Proves Fatal With Tesla Crash — No Consistent Sustainable Profits Ever — High Stock Prices Promoted By Wall Street Investment Bankers– Tesla Is Speculation Not An Investment — Drivers and Investors or Buyers Beware! — Videos

Posted on July 2, 2016. Filed under: American History, Articles, Autos, Blogroll, Business, Climate, Culture, Economics, Education, Energy, Entertainment, Environment, Faith, Freedom, Friends, government spending, history, Inflation, Internal Revenue Service (IRS), Investments, Law, liberty, Life, Links, media, Natural Gas, Natural Gas, Newspapers, Nuclear Power, Oil, Oil, People, Philosophy, Photos, Politics, Press, Radio, Rants, Raves, Raymond Thomas Pronk, Resources, Reviews, Television, Transportation, Unemployment, Video, Wealth, Wisdom, Work, Writing | Tags: , , , , , , , , , , , , , , , , , , |

 

Tesla Driver Killed In Crash with Autopilot System Driving

Tesla Autopilot death highlights autonomous risks

Tesla Crash Could Hurt Sentiment On Driverless Cars

Tesla’s Autopilot System Is Creepy And Wonderful

A Real-Time Commute on Autopilot

Tesla Model S – Official Walkthrough HD

2014 Tesla Model S vs 2014 Mercedes-Benz S550! – Head 2 Head Ep. 54

Why A Tesla Acquisition Of SolarCity Makes Sense – All stock deal valued at $2.8 billion

How a Tesla SolarCity buy would impact investors

Tesla – Solar City Deal. How will this Impact Investors?

Tesla’s Solar City Bail-In

Scum and Scummer. Let’s take a look at Goldman Sachs (GS) and Tesla (TSLA) (May 18, 2016)

Investment banks struggle, Tesla’s mass-market model | FirstFT

Tesla Tumbles on Goldman Skepticism

Is Tesla Getting a Boost from Goldman Sachs?

Tesla Wants to Buy SolarCity for $2.9B. Does a Deal Make Sense?

Tesla’s Solar City acquisition conference call w/ Elon Musk [Full]

Elon Musk Explains Tesla Acquisition of SolarCity | Partial

Tesla and Solar City Merger – How To Profit With Powur And The Potential Tesla Solar City Merger

Tesla Cars: A Loss Leader for Innovation?

Tesla: No Profit Until 2020?

Tesla’s Earnings Miss the Mark: What Happened?

Elon Musk says Profits from Tesla are mostly re-invested

Tesla motor hacked!

Why Tesla’s Stock Is Heading to $200: James

Jim Chanos: Tesla Is an Overpriced Car Company

Elon Musk defends Tesla for not being profitable (2012.11.13)

Tesla Motors Model S: Part 33 of Many! Problems Resolved

Tesla Motors Model S: Part 17 of Many! ISSUES! PROBLEMS!

Tesla Motors Model S: BATTERY FAILURE!!! TESLARATI.com

Tesla Motors Model S — Dead 12v Battery — What to do to get back up and running (Roadside Service)

How the Tesla Model S is Made | Tesla Motors Part 1 (WIRED)

[yotuube=https://www.youtube.com/watch?v=8_lfxPI5ObM]

How Tesla Builds Electric Cars | Tesla Motors Part 2 (WIRED)

Electric Car Quality Tests | Tesla Motors Part 3 (WIRED)

Fatal Telsa crash shows limits of self-driving technology

 DEE-ANN DURBIN

The U.S. government is investigating the first reported death of a driver whose car was in self-driving mode when he crashed. Joshua D. Brown, 40, died May 7 when his Tesla Model S, which was operating on “autopilot,” failed to activate its brakes and hit a truck in Florida.

The crash raises questions about autonomous and semi-autonomous cars, their capabilities and their limits. Here are answers to some of those questions:

___

Q: ARE THERE SELF-DRIVING CARS ON U.S. STREETS RIGHT NOW?

A: Yes, but in limited numbers. Various companies, including Google, Ford and Uber, have test fleets of autonomous cars running in specific areas, including Mountain View, California, and Austin, Texas. Right now, those vehicles always have a steering wheel, brakes and a driver ready to take over in case of a problem, but prototype cars without steering wheels are also being developed.

___

Q: HOW DO THEY WORK?

A: A network of cameras, radars and lasers feeds information to the car’s computers, helping to fill in the gaps in the GPS system, which knows how to get the car from point to point. Cameras let the car see what’s around it, while radar senses things in the dark or in inclement weather. Lasers constantly scan the road and give a three-dimensional picture of what’s going on.

___

Q: ARE THERE LAWS ALLOWING SELF-DRIVING CARS?

A: Right now, it’s a patchwork. Eight states — including Nevada, Michigan, Florida and Tennessee — and Washington D.C. have laws allowing autonomous vehicles. Other states have legislation in the works. Later this summer, the federal government is expected to release guidelines for the safe deployment of autonomous vehicles.

___

Q: WHAT ARE THE BENEFITS OF SELF-DRIVING CARS?

A: Self-driving cars have the potential to save lives by anticipating accidents before they happen. Intel CEO Brian Krzanich said Friday that 90 percent of car accidents are caused by human error, and distracted or drowsy driving accounts for some 13 percent of those crashes. The accidents cost about $870 billion a year globally.

___

Q: CAN I BUY A SELF-DRIVING CAR?

A: No. A few automakers offer cars and SUVs with semi-autonomous modes that can perform some functions without help from the driver, including maintaining a set speed, braking, changing lanes and even parallel parking. Semi-autonomous features can be found on high-end vehicles from Tesla, Mercedes-Benz, Infiniti and Volvo. Some lower-priced models have them, too. Toyota, for example, plans to make automatic emergency braking standard on its vehicles by 2017, ahead of a self-imposed deadline of 2022 that most automakers have agreed to.

___

Q: WHEN WILL COMPLETELY SELF-DRIVING CARS BE AVAILABLE TO CONSUMERS?

A: That’s not yet clear. Volvo plans a large-scale test of driverless cars in Sweden next year. Google wants to make cars available to the public around the end of 2019. BMW, Intel and Israel’s Mobileye have teamed up to roll out the cars by 2021.

IHS Automotive, a consulting firm, predicts that the U.S. will see the earliest deployment of autonomous vehicles, with several thousand on the road by 2020. That number will rise to 4.5 million vehicles by 2035, IHS says. But even if the vehicles are on the road, they might not be in your garage. The earliest self-driving cars might be on-demand taxis, employee shuttles or other shared vehicles.

___

Q: WHAT ARE THE TECHNICAL CHALLENGES TO GETTING AUTONOMOUS CARS ON THE ROAD?

A: Driverless cars need detailed maps to follow, and companies are still mapping roads. They also can have trouble staying within lanes in heavy rain or snow. And, as the Tesla crash showed, there will always be scenarios that driverless cars can’t foresee or navigate correctly. Brown’s car didn’t see an oncoming tractor-trailer because it was white against a brightly lit sky. Tesla CEO Elon Musk said the car’s radar is also designed to tune out what looks like overhead signs to prevent false braking.

___

Q: HOW COULD THE TESLA AUTOPILOT NOT SEE SOMETHING AS LARGE AS A TRACTOR-TRAILER?

A: Raj Rajkumar, a computer engineering professor at Carnegie Mellon University who leads its autonomous vehicle research, said computers can’t be programmed to handle every situation. But Tesla may need to adjust its radar, he said.

Tesla would not comment directly on the radar and computer programs, but the company issued a statement saying that it continually advances its software by analyzing hundreds of millions of miles of driving data. The National Highway Traffic Safety Administration is looking at the design and performance of Tesla’s system as part of its investigation.

https://www.yahoo.com/news/fatal-telsa-crash-shows-limits-185423753.html

Tesla has plenty of customers, but still no profit

Tesla is a hot mess—there is no path to profitability

Michael Pento, president of Pento Portfolio Strategies

Tuesday, 3 May 2016 | 1:55 PM ET

Tesla shares got a little pop in after-hours trading Wednesday after the electric car maker delivered an earnings report in line with expectations and an optimistic outlook.

But I think the stock’s run is already over.

The primary reason? Profitability.

Elon Musk

Getty Images
Elon Musk

Tesla stock soared for a few months starting in February following news that pre-orders for the electric-car maker’s Model 3, with a price tag of $35,000, were approaching 400,000 units.

But, as well-known short seller Jim Chanos so perfectly put it in an interview with CNBC: “We have all kinds of questions on the profitability of the business.”

First, the Model 3. This was Tesla’s play for an “affordable” electric car but it appears to be affordable for everyone EXCEPT Tesla.

Tesla loses more than $4,000 on each of its high-end Model S electric sedans; and that model’s cost is between $70 and $108k. With margins like that, one has to assume a $35k Model 3 can’t be the answer to solving Tesla’s red ink.

Tesla’s income statement reveals the company is hemorrhaging cash at a robust clip. Furthermore, according to TheStreet Ratings, they have a net profit margin of -26.38 percent and a quick ratio of 0.49, which means they have 49 cents in available cash to pay every $1 of current liabilities.

Worse than its lousy earnings and cash flow, Tesla is grossly overvalued compared to its peers. Tesla’s market cap is more than $30 billion, compared to Fiat Chrysler at around $10 billion and Ferrari at around $8 billion. Being valued at 3x more than FCAU — an established and profitable company — looks especially absurd when considering FCAU produces annual sales of over $130 billion, while Tesla produces revenue of only $4 billion.

Furthermore, Tesla’s market cap is nearly two-thirds of General Motors‘ market cap. This is despite the fact that General Motors has a history of selling 10 million cars at a profit each year and Tesla sold less than 100,000 cars last year at a loss. They would have to sell 6.6 million cars this year to justify its current valuation. With less than 400,000 cars on pre-order that doesn’t appear likely anytime soon.

In a February interview with CNBC’s Squawk Box, Former GM executive Bob Lutz noted that, “[TSLA] costs have always been higher than their revenue…They always have to get more capital. Then they burn through it.”

First, he pointed out that, on the back of falling oil prices, demand for electric vehicles (EVs) is slowing. Second, there is growing competition that will cut into Tesla’s margins as prices for EVs fall. Tesla has a lot of competition over the next few years. The industry is already awaiting the Apple car with bated breath that is set to launch in four years. And GM’s Chevy Bolt is similarly priced with a similar range and is set to come out this year. And then we have the Nissan Leaf expected to more competitive in the coming months and years. And add to that first generation vehicles like the BMW i3.

And in China, they have the EV Company LeEco, which recently unveiled its very first electric car that includes self-driving and self-parking capability using voice commands via a mobile app. Besides LeEco, there is another Chinese EV auto maker that sold more electric cars last year than Tesla, Nissan or GM, it’s called BYD Co. and is now targeting the U.S. market.

Lutz believes that competition from industry heavyweights like these could “kill” Tesla in the future.

“The major OEMs like GM, Ford, Toyota, Volkswagen, etc … they have to build electric cars, a certain number, in order to satisfy the requirements in about half of the states. Those have to be jammed into the marketplace, otherwise they can no longer sell SUVs and full-size pickups and the stuff that they really make money on. So that is going to generically depress the prices of electric vehicles,” Lutz warned.

Lutz also explained that companies such as General Motors will not be making any money on their “Tesla killer.” They are making these vehicles to appease Washington.

“The majors are going to accept the losses on the electric vehicles as a necessary cost of doing business in order to sell the big gasoline stuff that people really want. Well, Tesla does not have that option,” Lutz said.

But Musk has a strategy for driving down the cost of his electric car that hinges on achieving economies of scale, bringing down the production cost of the battery pack by 30 percent. This hinges on the success of their future Nevada home called the “Gigafactory.”

The Gigafactory is a one-stop shopping in battery-pack production. The company currently buys battery packs through a deal with Panasonicand has partnered with Panasonic in this venture. Production volume at the Gigafactory is anticipated to be the equivalent of over 30 gigawatt-hours per year; this would mean the Gigafactory would produce more storage than all the lithium battery factories in the world combined. The $5 billion dollar plant is as big as the Pentagon Tesla, and Tesla is hoping to produce 500,000 lithium ion batteries annually.

Musk recently laid out his Energy-branded battery ambition in rock star glory. At the event spectacle, Musk declared that his batteries would someday render the world’s energy grid obsolete. “We are talking about trying to change the fundamental energy infrastructure of the world,” he said.

Musk envisions his affordable, clean energy will one day power the remote villages of underdeveloped countries as well as allowing the average homeowner in industrial nations to go off the grid.

But before you sever your ties with your electrical company, it’s worth noting that not everyone thinks Musk’s plans are achievable – at least not in the time frame he envisions.

Panasonic, the supplier of the lithium-ion cells that form the foundation of Tesla’s batteries, and partner on the company’s forthcoming battery factory — calls Musk’s claims a lot of hyperbole.

“We are at the very beginning in energy storage in general,” said Phil Hermann, chief energy engineer at Panasonic Eco Solutions. “Most of the projects currently going on are either demo projects or learning experiences for the utilities. There is very little direct commercial stuff going on. Elon Musk is out there saying you can do things now that the rest of us are hearing and going, ‘really?’ We wish we could, but it’s not really possible yet.”

And far from the grand stage with little fanfare buried in their November 10Q Tesla also sought to tamper investor’s expectations: “Given the size and complexity of this undertaking, the cost of building and operating the Gigafactory could exceed our current expectations, we may have difficulty signing up additional partners, and the Gigafactory may take longer to bring online than we anticipate.”

With a company saddled with debt and cash-strapped, who is going to shoulder the burden of a delay in the Gigafactory realizing its full potential? That would be shareholders through stock dilution or the American tax payer – but most likely a combination of both. There are those who believe that Musk’s real genius is in following government subsidies.

Tesla’s model relies strongly on a “green” administration. According to the Los Angeles Times, all of Musk’s ventures: Tesla Motors, SolarCityand Space Exploration Technologies, known as SpaceX, together have benefited from an estimated $4.9 billion in government support. The figure underscores a common theme running through his emerging empire: a public-private financing model underpinning long-shot start-ups.

The promise is that the Tesla stockholders and the tax subsidizing public will greatly benefit from major pollution reductions as electric cars break through as viable alternative and gain access to mass-market production.

And frankly, I’m not convinced that electric cars are even good for the environment. First, it’s important to note that at this time, these cars don’t power themselves — they are plugged into an outlet in your garage that connects to an electric power plant. Second, there are a lot of environmental questions about the lithium battery itself. In a 2012 study titled “Science for Environment Policy” published by the European Union, a comparison was made of the lithium ion batteries to other types of batteries available such as; lead-acid, nickel-cadmium, nickel-metal-hydride and sodium Sulphur. They concluded that the lithium ion batteries have the largest impact on metal depletion, making recycling more complicated.

Musk may be a genius and a visionary but the truth is that Tesla has an unproven business model and a stock that is massively overpriced. Even if some year in the distant future there exists the charging infrastructure and pricing available to make electric vehicles conducive to supplant the internal combustion engine, Tesla faces an onslaught of competition that will most likely drive its profit margins further into the red for years to come.

So, as far as I’m concerned, the stock is not a buy — no matter what earnings say. The math just doesn’t add up.

Commentary by Michael Pento, the president and founder of Pento Portfolio Strategies and author of the book “The Coming Bond Market Collapse.” His weekly podcast is “The Mid-week Reality Check.”

Disclosure: Neither Michael Pento nor the firm own any positions in Tesla stock. However, several Pento clients own puts on Tesla.

http://www.cnbc.com/2016/05/03/tesla-stock-is-not-a-buy-no-matter-what-earnings-say-commentary.html

 

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Thomas Ferguson–Golden Rule: The Investment Theory of Politics–Videos

Posted on January 24, 2011. Filed under: Banking, Blogroll, Business, Communications, Culture, Economics, Education, Employment, Federal Government, Fiscal Policy, Foreign Policy, government, government spending, history, Immigration, Investments, Law, liberty, Life, Links, media, Medicine, Monetary Policy, People, Philosophy, Politics, Raves, Resources, Taxes, Technology, Video, Wealth, Wisdom | Tags: , , , , , , , |

Golden Rule: The Investment Theory of Politics 1/6

Golden Rule: The Investment Theory of Politics 2/6

Golden Rule: The Investment Theory of Politics 3/6

Golden Rule: The Investment Theory of Politics 4/6

Golden Rule: The Investment Theory of Politics 5/6

Golden Rule: The Investment Theory of Politics 6/6

Background Articles and Videos

Thomas Ferguson and Rob Johnson – When Wolves Cry Wolf

 

Obama Administration Works for Wall Street not the American People

 

Obama should save the banks, not the bankers

Obama should save the banks, not the bankers Pt.2

Obama should save the banks, not the bankers Pt.3

 

Obama should save the banks, not the bankers Pt.4

Obama should save the banks, not the bankers Pt.5

Related Posts On Pronk Palisades

The Global Power Elite–Videos

Ron Paul–The American Power Structure–Videos

Murray N. Rothbard–The Federal Reserve and The Power Elite–Videos

Joan Veon–When Central Banks Rule the World–Videos

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Climategate–The Political Scam, Investment Fraud, and Science Scandal of The Century Exposed–The Progressive Radical Socialist’s Big Lie And Con That Man Is The Cause Of Global Warming Was In Fact Nothing More Than Politicians, Investment Bankers, and Government Scientists Creating Climate Crisis!

Posted on November 24, 2009. Filed under: Blogroll, Climate, Communications, Computers, Crime, Economics, Education, Employment, Energy, government spending, history, Investments, Language, Law, liberty, Life, Links, media, People, Philosophy, Politics, Programming, Psychology, Quotations, Rants, Raves, Regulations, Reviews, Science, Security, Strategy, Talk Radio, Taxes, Uncategorized, Video, Wisdom | Tags: , , , , , , , , , , |

 

 

UPDATED

Hannity – Chris Horner – ClimateGate (12.3.09)

 

Americans Skeptical of Science Behind Global Warming
 

“…Fifty-nine percent (59%) of Americans say it’s at least somewhat likely that some scientists have falsified research data to support their own theories and beliefs about global warming. Thirty-five percent (35%) say it’s Very Likely. Just 26% say it’s not very or not at all likely that some scientists falsified data. …”

“…tne reason for this skepticism may be the role the United Nations has played in promoting the global warming issue. Only 22% of Americans consider the UN to be a reliable source of information on global warming. Forty-nine percent (49%) disagree and say the international organization is not reliable on that topic. Twenty-nine percent (29%) aren’t sure.

Still, 46% of Americans say global warming is a major problem. However, 36% disagree, and 18% remain undecided. …”

http://www.rasmussenreports.com/public_content/politics/current_events/environment_energy/americans_skeptical_of_science_behind_global_warming

 

 

Rush Limbaugh Nov 24 2009 Morning Update

Climate Gate Glenn Beck Show – November 24, 2009

CLIMATEGATE! Fox RIPS Global Warming Advocate! 1000’s of Emails / Documents Reveal FRAUD!

Ed Begley, Jr Blows Up Over Climate Gate!

Climate Gate Scientists Would Rather Change Facts Than Their Theories!

http://www.youtube.com/watch?v=RykErh8G4jk

 

Global warming scientists E mail hacked. 23rd 11th 09

GlennBeck Climategate 

Climate Change Hoax – Climate-Gate

ClimateGate

Alex Jones Tv: Climate-Gate ” THE E-MAILS ARE REAL!!!”

Infowars.com: Climate-Gate Pt 1 ***EMERGENCY VIRAL TRANSMISSION***

Infowars.com: Climate-Gate Pt 2 ***EMERGENCY VIRAL TRANSMISSION***

Global Warming Reports – Misleading by “Proxy”?

Ed Begley, Jr Blows Up Over Climate Gate!

The recent posting of the e-mails of scientists engaging in unprofessional and criminal activity to materially mislead the public as to what was actually occuring in regard to global temperatures only confirms what the climate skeptics have been saying.

Man is not the cause of climate change:

Unstoppable Solar Cycles

Professor Fred Singer on Climate Change Pt 1

Professor Fred Singer on Climate Change Pt 2

The posting of the government climate alarmist scientists’ e-mails on the internet only confirms what thousands of scientist already know, man made global warming is a hoax.

Climate changes all the time and is naturally caused with man’s impact on climate very small compared with the sun, cosmic rays, volcanic erruptions, oceans, clouds, and water vapor just to name a few of the more important drivers or causes of climate change.

The vast majority of the American people no longer believe that man or humans are the cause of climate change:

Nearly half the nation’s voters still believe that global warming is caused primarily by long term planetary trends, not human activity.

The latest Rasmussen Reports national telephone survey shows that 47% of voters blame global warming on planetary trends, while 37% of voters take the opposite view and blame human activity. Just 5% point to some other reason.

http://www.rasmussenreports.com/public_content/politics/current_events/environment_energy/energy_update

Any politician of either the Democratic or Republican Party that votes for the Cap and Trade Energy Tax bill should be targeted for defeat the next time they are up for re-election.

The proponents of taxing carbon emissions are simply perpetuating a criminal  scam on the American people using climate change or global warming as an excuse to take the American people’s hard earned money.

This is theft by government with progressive radical socialists in the Democratic Party and their corporate supporters being unindicated co-conspirators in the crime of the century.

The jig is up and the scientists involved have been caught red handed cooking the climate datasets used to create a planetary crisis of global warming.

Alternative energy investments promoted by green venture capitalists and  investment bankers should be viewed as investment fraud as well.

Alternative energy investment promoters failed to provide due diligence in demanding that the datasets used in climate models be independently verified. 

Alternative energy investment promoters failed to inform investors that the results or projections of computer climate models did not agree with  empirical observations from weather satellites.

The progressive radical socialists used the junk science of computer climate models to try to persuade the American people that a cap and trade system was needed to slow down and stop global warming that was supposively caused by man’s carbon dioxide emissions.

This political scam is now also exposed as a gigantic houx on the American people to have the government steal their money by an energy tax–cap and trade.

The cap and trade energy tax if passed would have destroyed jobs, wrecked the US economy and killed the American dream.

The whistle blower and/or hacker who posted the scientist e-mails for all to see should be given the Nobel Peace Prize for saving mankind from the greatest political scam, investment fraud, and scientific scandal of the century.

This will never happen for the very people who gave Al Gore and the IPCC or Intergovernmental Panel on Climate Change, the Nobel Peace Prize were in on the houx. 

In America they are called progressive radical socialists.

In Europe they are called social democrats or socialists.

They are collectivists who will cheat, lie, and steal their way for power and money.

The American people are slowly but surely waking up to the sad fact they have elected a gang of criminals that are robbing them blind.

There will be a day of reckoning.

The Voice of The American People

LOL

Hide The Decline – Climategate

Background Articles and Video

 

Resisting climate hysteria

by Richard S. Lindzen

“…The notion of a static, unchanging climate is foreign to the history of the earth or any other planet with a fluid envelope. The fact that the developed world went into hysterics over changes in global mean temperature anomaly of a few tenths of a degree will astound future generations. Such hysteria simply represents the scientific illiteracy of much of the public, the susceptibility of the public to the substitution of repetition for truth, and the exploitation of these weaknesses by politicians, environmental promoters, and, after 20 years of media drum beating, many others as well. Climate is always changing. We have had ice ages and warmer periods when alligators were found in Spitzbergen. Ice ages have occurred in a hundred thousand year cycle for the last 700 thousand years, and there have been previous periods that appear to have been warmer than the present despite CO2 levels being lower than they are now. More recently, we have had the medieval warm period and the little ice age. During the latter, alpine glaciers advanced to the chagrin of overrun villages. Since the beginning of the 19th Century these glaciers have been retreating. Frankly, we don’t fully understand either the advance or the retreat. …”

“…With all this at stake, one can readily suspect that there might be a sense of urgency provoked by the possibility that warming may have ceased and that the case for such warming as was seen being due in significant measure to man, disintegrating. For those committed to the more venal agendas, the need to act soon, before the public appreciates the situation, is real indeed. However, for more serious leaders, the need to courageously resist hysteria is clear. Wasting resources on symbolically fighting ever present climate change is no substitute for prudence. Nor is the assumption that the earth’s climate reached a point of perfection in the middle of the twentieth century a sign of intelligence.”

http://www.quadrant.org.au/blogs/doomed-planet/2009/07/resisting-climate-hysteria

Viscount Monckton on Climategate: ‘They Are Criminals’ (PJM Exclusive)

“…Worse, these arrogant fraudsters — for fraudsters are what we now know them to be — have refused, for years and years and years, to reveal their data and their computer program listings. Now we know why: As a revealing 15,000-line document from the computer division at the Climate Research Unit shows, the programs and data are a hopeless, tangled mess. In effect, the global temperature trends have simply been made up. Unfortunately, the British researchers have been acting closely in league with their U.S. counterparts who compile the other terrestrial temperature dataset — the GISS/NCDC dataset. That dataset too contains numerous biases intended artificially to inflate the natural warming of the 20th century.

Finally, these huckstering snake-oil salesmen and “global warming” profiteers — for that is what they are — have written to each other encouraging the destruction of data that had been lawfully requested under the Freedom of Information Act in the UK by scientists who wanted to check whether their global temperature record had been properly compiled. And that procurement of data destruction, as they are about to find out to their cost, is a criminal offense. They are not merely bad scientists — they are crooks. And crooks who have perpetrated their crimes at the expense of British and U.S. taxpayers. …”

“…They’re criminals. With Professor Fred Singer, who founded the U.S. Satellite Weather Service, I have reported them to the UK’s Information Commissioner, with a request that he investigate their offenses and, if thought fit, prosecute. But I won’t be holding my breath: In the police state that Britain has now sadly become, with supine news media largely owned and controlled by the government, the establishment tends to look after its own.

At our expense, and at the expense of the truth.”

http://pajamasmedia.com/blog/viscount-monckton-on-global-warminggate-they-are-criminals-pjm-exclusive/

Lord Lawson calls for public inquiry into UEA global warming data ‘manipulation’

Lord Lawson, the former chancellor, has called for an independent inquiry into claims that leading climate change scientists manipulated data to strengthen the case for man-made global warming.

“…Thousands of emails and documents stolen from the University of East Anglia (UEA) and posted online indicate that researchers massaged figures to mask the fact that world temperatures have been declining in recent years.

This morning Lord Lawson, who has reinvented himself as a prominent climate change sceptic since leaving front line politics, demanded that the apparent deception be fully investigated.

He claimed that the credibility of the university’s world-renowned Climatic Research Unit – and British science – were under threat.

“They should set up a public inquiry under someone who is totally respected and get to the truth,” he told the BBC Radio Four Today programme.

“If there’s an explanation for what’s going on they can make that explanation.”

Around 1,000 emails and 3,000 documents were stolen from UEA computers by hackers last week and uploaded on to a Russian server before circulating on websites run by climate change sceptics.

Some of the correspondence indicates that the manipulation of data was widespread among global warming researchers.

One of the emails under scrutiny, written by Phil Jones, the centre’s director, in 1999, reads: “I’ve just completed Mike’s Nature [the science journal] trick of adding in the real temps to each series for the last 20 years (ie, from 1981 onwards) and from 1961 for Keith’s to hide the decline.”

Prof Jones has insisted that he used the word “trick” to mean a “clever thing to do”, rather than to indicate deception. He has denied manipulating data.

Another scientist whose name appears in the documents accused the hackers of attempting to undermine the drive for a global consensus at next month’s Copenhagen summit. …”

http://www.telegraph.co.uk/earth/environment/globalwarming/6634282/Lord-Lawson-calls-for-public-inquiry-into-UEA-global-warming-data-manipulation.html

 

Warmist conspiracy exposed?

Andrew Bolt

“…The Hadley University of East Anglia CRU director admits the emails seem to be genuine:


The director of Britain’s leading Climate Research Unit, Phil Jones, has told Investigate magazine’s TGIF Edition tonight …”It was a hacker. We were aware of this about three or four days ago that someone had hacked into our system and taken and copied loads of data files and emails.”…

TGIF asked Jones about the controversial email discussing “hiding the decline”, and Jones explained what he was trying to say….

So the 1079 emails and 72 documents seem indeed evidence of a scandal involving most of the most prominent scientists pushing the man-made warming theory – a scandal that is one of the greatest in modern science. I’ve been adding some of the most astonishing in updates below – emails suggesting conspiracy, collusion in exaggerating warming data, possibly illegal destruction of embarrassing information, organised resistance to disclosure, manipulation of data, private admissions of flaws in their public claims and much more. If it is as it now seems, never again will “peer review” be used to shout down sceptics.

This is clearly not the work of some hacker, but of an insider who’s now blown the whistle.

Not surprising, then, that Steve McIntyre reports:

Earlier today, CRU cancelled all existing passwords. Actions speaking loudly.

But back to the original post – and the most astonishing of the emails so far…

***************

Hackers have broken into the data base of the University of East Anglia’s Climatic Research Unit – one of the world’s leading alarmist centres – and put the files they stole on the Internet, on the grounds that the science is too important to be kept under wraps. …”

http://blogs.news.com.au/heraldsun/andrewbolt/index.php/heraldsun/comments/hadley_hacked

 

ClimateGate: The Fix is In

By Robert Tracinski

“…These e-mails show, among many other things, private admissions of doubt or scientific weakness in the global warming theory. In acknowledging that global temperatures have actually declined for the past decade, one scientist asks, “where the heck is global warming?… The fact is that we can’t account for the lack of warming at the moment and it is a travesty that we can’t.” They still can’t account for it; see a new article in Der Spiegel: “Climatologists Baffled by Global Warming Time-Out.” I don’t know where these people got their scientific education, but where I come from, if your theory can’t predict or explain the observed facts, it’s wrong.

More seriously, in one e-mail, a prominent global warming alarmist admits to using a statistical “trick” to “hide the decline” in temperatures. Anthony Watts provides an explanation of this case in technical detail; the “trick” consists of selectively mixing two different kinds of data-temperature “proxies” from tree rings and actual thermometer measurements-in a way designed to produce a graph of global temperatures that ends the way the global warming establishment wants it to: with an upward “hockey stick” slope.

Confirming the earlier scandal about cherry-picked data, the e-mails show CRU scientists conspiring to evade legal requests, under the Freedom of Information Act, for their underlying data. It’s a basic rule of science that you don’t just get to report your results and ask other people to take you on faith. You also have to report your data and your specific method of analysis, so that others can check it and, yes, even criticize it. Yet that is precisely what the CRU scientists have refused.

But what stood out most for me was extensive evidence of the hijacking of the “peer review” process to enforce global warming dogma. Peer review is the practice of subjecting scientific papers to review by other scientists with relevant expertise before they can be published in professional journals. The idea is to weed out research with obvious flaws or weak arguments, but there is a clear danger that such a process will simply reinforce groupthink. If it is corrupted, peer review can be a mechanism for an entrenched establishment to exclude legitimate challenges by simply refusing to give critics a hearing. …”

“…This is an enormous case of organized scientific fraud, but it is not just scientific fraud. It is also a criminal act. Suborned by billions of taxpayer dollars devoted to climate research, dozens of prominent scientists have established a criminal racket in which they seek government money-Phil Jones has raked in a total of £13.7 million in grants from the British government-which they then use to falsify data and defraud the taxpayers. It’s the most insidious kind of fraud: a fraud in which the culprits are lauded as public heroes. Judging from this cache of e-mails, they even manage to tell themselves that their manipulation of the data is intended to protect a bigger truth and prevent it from being “confused” by inconvenient facts and uncontrolled criticism.

The damage here goes far beyond the loss of a few billions of taxpayer dollars on bogus scientific research. The real cost of this fraud is the trillions of dollars of wealth that will be destroyed if a fraudulent theory is used to justify legislation that starves the global economy of its cheapest and most abundant sources of energy.

This is the scandal of the century. It needs to be thoroughly investigated-and the culprits need to be brought to justice.”

http://www.realclearpolitics.com/articles/2009/11/24/the_fix_is_in_99280.html

Climategate: the final nail in the coffin of ‘Anthropogenic Global Warming’?

James Delingpole

“…If you own any shares in alternative energy companies I should start dumping them NOW. The conspiracy behind the Anthropogenic Global Warming myth (aka AGW; aka ManBearPig) has been suddenly, brutally and quite deliciously exposed after a hacker broke into the computers at the University of East Anglia’s Climate Research Unit (aka Hadley CRU) and released 61 megabites of confidential files onto the internet. (Hat tip: Watts Up With That)

When you read some of those files – including 1079 emails and 72 documents – you realise just why the boffins at Hadley CRU might have preferred to keep them confidential. As Andrew Bolt puts it, this scandal could well be “the greatest in modern science”. These alleged emails – supposedly exchanged by some of the most prominent scientists pushing AGW theory – suggest:

Conspiracy, collusion in exaggerating warming data, possibly illegal destruction of embarrassing information, organised resistance to disclosure, manipulation of data, private admissions of flaws in their public claims and much more. …”

http://blogs.telegraph.co.uk/news/jamesdelingpole/100017393/climategate-the-final-nail-in-the-coffin-of-anthropogenic-global-warming/ 

Even Monbiot says the science now needs “reanalyising”

“… Even George Monbiot, one of the fiercest media propagandists of the warming faith, admits he should have been more sceptical and says the science now needs to be rechecked:

It’s no use pretending that this isn’t a major blow. The emails extracted by a hacker from the climatic research unit at the University of East Anglia could scarcely be more damaging. I am now convinced that they are genuine, and I’m dismayed and deeply shaken by them.

Yes, the messages were obtained illegally. Yes, all of us say things in emails that would be excruciating if made public. Yes, some of the comments have been taken out of context. But there are some messages that require no spin to make them look bad. There appears to be evidence here of attempts to prevent scientific data from being released, and even to destroy material that was subject to a freedom of information request.
Worse still, some of the emails suggest efforts to prevent the publication of work by climate sceptics, or to keep it out of a report by the Intergovernmental Panel on Climate Change. I believe that the head of the unit, Phil Jones, should now resign. Some of the data discussed in the emails should be re-analysed. …”

http://blogs.news.com.au/heraldsun/andrewbolt/index.php/heraldsun/comments/even_monbiot_says_the_science_now_needs_reanalyising/

Christopher Horner Interview pt.1

Christopher Horner Interview pt.2

Christopher Horner Interview pt.3

Christopher Horner Interview pt.4

Christopher Horner Interview pt.5

Christopher Horner Interview pt.6

Christopher Horner Interview pt.7

Dr Roy Spencer on Global Warming Part 1 of 6

Dr Roy Spencer on Global Warming Part 2 of 6

Dr Roy Spencer on Global Warming Part 3 of 6

Dr Roy Spencer on Global Warming Part 4 of 6

Dr Roy Spencer on Global Warming Part 5 of 6

Dr Roy Spencer on Global Warming Part 6 of 6

Climate Change – Is CO2 the cause? – Pt 1 of 4

Climate Change – Is CO2 the cause? – Pt 2 of 4

Climate Change – Is CO2 the cause? – Pt 3 of 4

Climate Change – Is CO2 the cause? – Pt 4 of 4

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