by Dom Armentano, Oct 30, 2019 in ClimateChangeDispatch
Climate change enthusiasts are convinced that man-made global warming poses a near-term environmental disaster. Yet gloom-and-doom forecasts about the fate of the Earth are hardly new, and few have proven accurate.
In 1798 the Rev. Thomas Malthus predicted that mass starvation would strike England in the 19th century because population growth would inevitably overwhelm food production. It didn’t happen.
Or recall the dire predictions by experts in the 1970s that the world was running out of oil and that prices would skyrocket and stay high for decades.
These views were supported by analyses from the CIA and a boatload of geologists who believed in the so-called “peak oil” theory.
But the experts were wrong. Adjusted for inflation, a barrel of crude oil today is cheaper than it was in 1980, which is arguably one of the most pro-consumer developments in recent economic history.
And now we are told that the world is on the brink of environmental disaster due to man-made global warming.
The conventional wisdom, repeated endlessly in the popular press, is that the Earth is heating dangerously because we burn fossil fuels and that this will generate devastating droughts, fires, floods, and rising ocean levels. (The oceans are currently rising by about one-eighth of an inch per year).