donuteater555

Just read about the SCOTUS ruling about the EPA. Climate change is really going to ramp up in consequences in next two decades, so I'm wondering if I made a major mistake in going into finance to make money when these might be the last few really enjoyable years left, and I may never get to enjoy that money. Anyone else anxious about this stuff?

No.

 
donuteater555

 when these might be the last few really enjoyable years left, and I may never get to enjoy that money. Anyone else anxious about this stuff?

So basically you don't believe the science and instead have a non-fact based alarmist view of the environment. Dig into the real scientific research on the topic, take a deep breath and move on with your life.

 
Smoke Frog

Why even read anything the Supreme Court puts out anymore?

It's majority are basically right wing conspiracy nuts.

Just hope one or two of them die when a democrat or decent moral Republican is the president and maybe then you can start caring what briefs they put out.

It is fucked up situation.  Their decisions go against the interests and preferences of the majority of US citizens.  We need term limits for them. 

 

financeabc

Smoke Frog

W

It is fucked up situation.  Their decisions go against the interests and preferences of the majority of US citizens.  We need term limits for them. 

This is what the SCOTUS is supposed to do!!!! It's supposed to interpret the Consitution, not support the interests and preferences of the majority of US Citizens. That is Congress' job!

 

It's gone from climate change won't affect us but will affect our descendants so we must act, to climate change will have an impact in 100 years, and now to now climate change will have a large impact in the next few decades.

Climate alarmism is gay and we're currently seeing the failures of these "green" policies in an energy insecure environment

 

We’re seeing the failure of over-reliance on fossil fuels.  Energy prices from fossil fuels have a very strong correlation with oil, a volatile commodity.  Oil production was not profitable during the pandemic, so companies stopped producing, and now they cannot meet increasing demand.

 
Most Helpful

Yes, of course. The reality is that the state of global warming is going to significantly negatively effect all of us. The people who replied “no” above and the group of Americans who don’t care simply just don’t seem to comprehend what is happening to our earth. Let’s be completely clear, climate change is not reasonably debatable - it is happening and with alarming consequences and despite political opposition there is no reasonable scientific one that counters the view that man made climate change exists. 
 

Note that last year we had: 

the warmest ocean temperatures ever in recorded history

the fifth hottest land temperatures in recorded history

Record breaking extreme weather - including record rainfall and flooding (in certain areas), wildfires, and drought (in other areas)

record greenhouse gases 

record sea level rises

Over 25% of the population is experiencing heat unlike they’ve ever seen causing food and shelter insecurity. 
 

This isn’t going away, and these extreme weather events are effecting all of us and it’s only going to accelerate. Natural disasters will continue to be more numerous. Heat will continue to rise. And the inequality between the rich and the poor will be significant in regard to handling extreme heat which will have knock on effects. This will, without a doubt, keep getting worse. You would be foolish not to be concerned about it. 

 

AllDay_028Yes, of course. The reality is that the state of global warming is going to significantly negatively effect all of us. The people who replied "no" above and the group of Americans who don't care simply just don't seem to comprehend what is happening to our earth. Let's be completely clear, climate change is not reasonably debatable - it is happening and with alarming consequences and despite political opposition there is no reasonable scientific one that counters the view that man made climate change exists.  Note that last year we had: the warmest ocean temperatures ever in recorded historythe fifth hottest land temperatures in recorded historyRecord breaking extreme weather - including record rainfall and flooding (in certain areas), wildfires, and drought (in other areas)record greenhouse gases record sea level risesOver 25% of the population is experiencing heat unlike they've ever seen causing food and shelter insecurity.  This isn't going away, and these extreme weather events are effecting all of us and it's only going to accelerate. Natural disasters will continue to be more numerous. Heat will continue to rise. And the inequality between the rich and the poor will be significant in regard to handling extreme heat which will have knock on effects. This will, without a doubt, keep getting worse. You would be foolish not to be concerned about it. Key word recorded history. The earth is billions of years old and we have less than 200 years of reliable history. Who's to say this isn't a reversion to the mean?

 

So... a reversion to when the earth was not hospitable to human life?

Even though your point has been disproven time and time again by people much smarter than both of us, let's humor it for a second.

Either we are:

  1. Fucked because of climate mean reversion and there's nothing we can do about it; or
  1. Humans are the root cause of (or at leasta significant contributor to) recent climate change in excess of the natural warming / cooling cycle, and we could take action to mitigate it before it gets worse

You're saying we sit on our hands and accept our fate. But why not give "not polluting our planet as much" a shot and see what happens?

 

It is mean reversion but most people prefer to look at the past few years instead of the fullness of time 

we’re overpopulated frankly and cannot avoid negative tails. Climate change is one mechanism that will prove this out 

don’t worry about it, figure out what you need to do (move to Canada, grow your assets, diversify, etc) and beyond that it doesn’t matter 

 

Agree with all of the above. Now the question is whether this is a problem for the next 100 to 200 years or for the next 20 years. If you follow the non-alarmist scientists, it's clearly the 100 to 200 year category. Hence, the answer to OP. In your life time, you don't need to worry about it too much.

 

This whole Covid bullshit has taught me to appreciate the positive sides of our oil and gas based economy and that we shouldn’t cut off our nose to spite our face to try and fix the weather.

 
Pio nono

This whole Covid bullshit has taught me to appreciate the positive sides of our oil and gas based economy and that we shouldn't cut off our nose to spite our face to try and fix the weather.

Yeah, cutting off the Keystone pipeline was one of the worst moves Biden could do his first day in office. 

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee
 

The Keystone pipeline was years from completion.  Cutting it off did not have an impact on gas prices.  Same with drilling permits, it’s usually years between approval and oil production.

 

In what world does the spiking gas prices make you support continuing to base the economy off fossil fuels?  Companies massively slowed down on oil production when demand was low in the pandemic, and now they can’t meet demand.  Biden did not pass any major climate bills and the few restrictions he did pass were on oil drilling permits and pipelines which would not contribute to oil production until years in the future.  It’s a volatile commodity and you’re paying the fair price for it.  Renewables are far less dependent on commodity prices.

 

Ya this is wrong dude. Renewables are extremely dependent on rare earth metals, copper, aluminum, steel, etc. and aluminum, steel, copper to an extent are dependent on natural gas.

And none of this is addressing that there aren’t viable large scale storage solutions yet. We need to keep investing a ton of money in cleantech but all you need to do is look at Europe over the pay 12-18 months to see what it looks like when you try and transition before having a real solution. 

 

There’s nothing you and I can do about it. It’s in the hands of business and political elite. They design, sell and produce everything. If they really cared most of us would be driving affordable electric cars with reliable charging stations and the factories would be keeping watch over its emissions. The reality is that people far more powerful than most of us are destroying the planet and saying if we give them even more power and money they’ll fix it (they won’t and they’ll take your rights as well). The best you can do is turn the TV off enjoy your life, and get yourself in a good position career wise. Even if things get really bad, those who have good jobs/money will be able to ride it out compared to those who don’t have.

Array
 
donuteater555

I'm wondering if I made a major mistake in going into finance to make money when these might be the last few really enjoyable years left

yeah bro go grow your hair out and live on a beach and become a surfing coach or something. Oh snap wait the ocean levels are rising too fast and there will be no beaches left anymore. Better kill yourself now I guess

 

Turn off the news and your electronics and spend some time in nature. You’ll notice that nature is doing just fine. "Climate change" is mostly a bunch of models projecting things decades out into the future, which COVID showed to be mostly worthless when applied to such a massively complex system. Would you trust a model to correctly predict a single stock's price in 20 years?

 

That's a terrible analogy and you're actually proving the point.

Single stock = single location.

Model to predict climate = model to predict stock market.

The models are actually fairly decent at forecasting trends and annual temperature rises, just how the general sentiment that in the long-run stocks increase ~7% YoY. Look over 20 years and you've got a clear trend.

Tesla's stock price in 20 years? Who knows.

Climate of New Orleans in 20 years? Who knows.

 

This is a terrible analogy.

Modeling the spread of COVID or any other disease requires massive, society wide assumptions.  How many people can a sick person be expected to come into contact with?  Will a sick person isolate, wear a mask, etc?

In a stock exchange, the participants directly affect the market, and the market in turn affects the participants, so any models or predictions will alter the participants’ outlook as well as the stock prices themselves.

 

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