Anyone else worried about the state of the climate

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?

Comments (58)

Jun 30, 2022 - 1:35pm
WolfofWSO, what's your opinion? Comment below:

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.

Array

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Jun 30, 2022 - 2:00pm
NoEquityResearch, what's your opinion? Comment below:
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.

Controversial
Jun 30, 2022 - 5:11pm
Smoke Frog, what's your opinion? Comment below:

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.

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Jun 30, 2022 - 5:42pm
financeabc, what's your opinion? Comment below:
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. 

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Jul 1, 2022 - 8:57am
trustmeimanengineer, what's your opinion? Comment below:

No it doesnt. Conservatives do no speak up because we dont want to lose our jobs for a political opinion while half of Democrats are unemployed losers who couldgive a shit if they get fired from Wendys. There are way more pro-life people out there than you think. Most Catholics are pro-life and nearly every protestant is too. I live in a red state, and I will tell you that here, we are celebrating even openly

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Jul 1, 2022 - 3:27pm
NoEquityResearch, what's your opinion? Comment below:

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!

Jul 1, 2022 - 3:34pm
NoEquityResearch, what's your opinion? Comment below:

Just a fun side note: I love seeing Liberals bitch about a biased SCOTUS while wearing tshirts of RBG and putting her face on innumerable consumer products. Wonder why that is??? Because she was the most objective justice ever right?

The Left does not want a constitutional objective SCOTUS - they just want it to be biased to their side.

Jul 1, 2022 - 2:08am
Patrick Basedman, what's your opinion? Comment below:

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

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Jul 2, 2022 - 12:36pm
Anonymous Monkey, what's your opinion? Comment below:

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
Jul 1, 2022 - 3:18am
AllDay_028, what's your opinion? Comment below:

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. 

Jul 1, 2022 - 8:08am
WolfofWSO, what's your opinion? Comment below:

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?

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Jul 1, 2022 - 8:59am
trustmeimanengineer, what's your opinion? Comment below:

How is this even a post? Like it's the most obvious shit ever. Earth is billions of years old. Recorded history is like 1000 years max? Probably closer to 500 for weather and stuff. People are so fucking stupid. It boggles my mind that we even have to point this out

Jul 1, 2022 - 1:51pm
Dominic Toretto, what's your opinion? Comment below:

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?

Jul 1, 2022 - 4:59pm
Sequoia, what's your opinion? Comment below:

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 

Jul 1, 2022 - 11:43am
MonkeyNoise, what's your opinion? Comment below:

Same natural disasters causing less impact today than ever before in human history?

yea not worried about it. But keep on freaking out bud. If not this then Covid. If not that then Russia. If not that then police. Etc

Jul 1, 2022 - 3:36pm
NoEquityResearch, what's your opinion? Comment below:

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.

Jul 1, 2022 - 4:02pm
Pio nono, what's your opinion? Comment below:

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.

Jul 1, 2022 - 4:37pm
Isaiah_53_5 💎🙌💎🙌💎, what's your opinion? Comment below:
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

Jul 1, 2022 - 5:01pm
Sequoia, what's your opinion? Comment below:

Dems screwed the American people. Turns out when you cut off your foot by turning off oil and printing 80% of the current money supply while expecting no consequences isn't sustainable 

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Jul 2, 2022 - 10:28am
Anonymous Monkey, what's your opinion? Comment below:

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.

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Jul 2, 2022 - 12:19pm
Anonymous Monkey, what's your opinion? Comment below:

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.

Jul 5, 2022 - 9:43am
Greg Marmalard, what's your opinion? Comment below:

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. 

Jul 1, 2022 - 4:15pm
IncomingIBDreject, what's your opinion? Comment below:

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.

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Jul 2, 2022 - 5:36am
GoLiftSomeWeightsBro, what's your opinion? Comment below:
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

Jul 2, 2022 - 6:53am
LinnaeusMaximus, what's your opinion? Comment below:

Mildly concerned but I occupy my headspace with far more pressing issues that I have control over.  Also the "scientific consensus" is the most obvious echo chamber of [often] false predictions and has been for over half a century.  Maybe I'll fly my private jet on over to Davos to discuss this next year.

Jul 2, 2022 - 11:51pm
curiousgeorge79, what's your opinion? Comment below:

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?

Jul 3, 2022 - 11:44am
ArKhAiK, what's your opinion? Comment below:

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.

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Jul 3, 2022 - 1:18pm
Anonymous Monkey, what's your opinion? Comment below:

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.

Jul 5, 2022 - 9:55am
IncomingIBDreject, what's your opinion? Comment below:

Can you elaborate on the second paragraph? Not really understanding your point.

Array

Jul 3, 2022 - 10:52pm
bawstin, what's your opinion? Comment below:

I'm not worried. We aren't good at predicting the future either way. What makes you think that it's different this time?

Cartoon Brilliantly Illustrates Why Climate Change is a Scam

Jul 5, 2022 - 8:59am
Altrem, what's your opinion? Comment below:

5 stages of climate change denial:

1. It's not real

2. Humans are not causing it

3. It won't affect us/not in our lifetime --------------- We are here

4. We can't do anything about it

5. It's too late

Jul 5, 2022 - 9:17am
AnalyzeANDchill, what's your opinion? Comment below:

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Jul 5, 2022 - 9:43am
rabbit, what's your opinion? Comment below:

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