What did socialists use to light their homes before candles? Electricity.
[Late-morning update]
California is approaching Puerto Rico territory.
Speaking of which…
He's subtle, but one would get from this thread the impression that Mike doesn't have a high opinion of either Jerry Brown or Gavin Newsom. OK, so they have a legacy of filth, fire, poverty and tragedy. No one's perfect. https://t.co/RT2rjpVlAr
Naïvely, we might hope that by making incremental improvements to the “realism” of a model (more accurate representations, greater details of processes, finer spatial or temporal resolution, etc.) we would also see incremental improvement in the outputs. Regarding the realism of short-term trajectories, this may well be true. It is not expected to be true in terms of probability forecasts. The nonlinear compound effects of any given small tweak to the model structure are so great that calibration becomes a very computationally-intensive task and the marginal performance benefits of additional subroutines or processes may be zero or even negative. In plainer terms, adding detail to the model can make it less accurate, less useful. [Emphasis added]
Computer models can be useful in some circumstances, but they are not science.
I don’t necessarily agree that the 737-MAX fiasco was a result of climate hysteria. Yes, the new design reduced emissions, but it did that by reducing fuel consumption, which is intrinsically a desirable goal for airlines. I’m sure that Boeing wanted to claim that it was lower emissions, for PR purposes, but fuel efficiency has always been a driver of new-aircraft design.
BTW, got home from DC yesterday morning. I had quite a week at IAC, but posting may return to the (subdued) normal this week.
Bloomberg article on asteroid mining. Lets just say that they don't understand economics. A simple example is that inexpensive aluminum is far more valuable than expensive aluminum ever was. https://t.co/ZWVt4jmaTl
Yes, it’s impossible to predict the effects of drops in the price of previously-rare commodities. Gold is a very useful industrial metal, and this would expand its usage.