DeSmog Blog’s Mission Statement Quashes Rational Skepticism

One can (correctly) argue that the foundations of the modern scientific inquiry are built on the foundations of rational skepticism. Contrary to some beliefs, science cannot “prove” anything. Rather, it is premised on the “refutation” of untruth. By eliminating all other possible explanations, the scientific method thereby accepts a theory as “truth”. All fields of inquiry which purport themselves to be scientific, but for which no theory is refutable, are not science.

So, what should we make of climate “consensus” promoters who deny the irrefutably of specific, unproven theories? Does this not contradict the basis of rational skepticism? For example, Jim Hoggan (a lawyer) and Brendan DeMelle (a writer) have this to say about those who question the “consensus truth” regarding ACC:

Unfortunately, a well-funded and highly organized public relations campaign is poisoning the climate change debate. Using tricks and stunts that unsavory PR firms invented for the tobacco lobby, energy-industry contrarians are trying to confuse the public, to forestall individual and political actions that might cut into exorbitant coal, oil and gas industry profits. DeSmogBlog is here to cry foul – to shine the light on techniques and tactics that reflect badly on the PR industry and are, ultimately, bad for the planet.

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Report: Commodities Demystified – A Guide to Trading and the Global Supply Chain

Date of Source: 2016

Summary:
Commodities trading – supply of the basic staples that are converted into the food we eat, the industrial goods we use, and the energy that fuels our transport and heats and lights our lives – is one of the oldest forms of economic activity, yet it is also one of the most widely misunderstood. At no time has this been truer than in the last 20 years, with the emergence of a group of specialist commodities trading and logistics firms operating in a wide range of complex markets […] 

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AQR – Cliff’s Perspective: Fama on Momentum

Date of Source: 05 Feb 2016

Summary:
The long-term success of the momentum factor seems to be a challenge to many observers. People say things like “momentum only works among small stocks” or “momentum only works for going short, not long.” These comments, which appear to be aimed at casting doubt on the implementability of momentum, seem to be spoken about more than written. There’s a reason for that. When you run the numbers, these statements are just not close to true. We’ve disproven a whole gaggle of them here. But, like many misperceptions, once in the zeitgeist they remain hard to kill. […]

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Reblog: Grossly Distorted Prosperity — Surplus Energy Economics

Date of Source: 30 Oct 2016

Summary:
ECONOMIC DECELERATION – AND HOW TO MEASURE IT One of the quirks of economics is that, within GDP (gross domestic product), all output is included, irrespective of what it really adds to prosperity. GDP, like Oscar Wilde’s cynic, knows “the price of everything, but the value of nothing”. If government paid 100,000 people to dig […]

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