[R.S.O'Donnell]

Originally Posted by BeagleMan

Bottom line is this.... There is no replacement for oil. Nothing. We have nothing that will get a plane, fighter jet, commercial airliners, nothing, to get those things off the ground. We do not have an industry of energy that will get those planes off the ground. We just don't. We are a long ways from it. We do not have anything, anywhere, near anything to replace oil. Period. End of story.
All of this hogwash about EVs, Wind, Solar, Hamsters, whatever... energizing anything that could oil could do? Not a chance. Not. One. Single. Chance.

And about Florida and the so called "rising seas". It's also hogwash. If there was any concern, ANY! concern about rising seas in Florida, then why are banks in south Florida handing out billions of dollars for Condo Development, Real Estate Development, Mansions, et al. You think these banks are just going to hand out this kind of dough if they think the seas are rising? I don't think so. Just some hapless dreams of some folks.

One measure of the impact of climate change is the estimated increase in the areas identified by FEMA as SFHAs, that is, areas where flood insurance is required. A 2013 study prepared for FEMA by AECOM and Deloitte Consulting LLP estimated that the area of the SFHAs will increase by 45 percent nationally on average by the end of this century. In coastal areas, SFHAs will increase by 55 percent, assuming no change in the shoreline. Under the more-likely assumption that shorelines recede, there will be no change in SFHAs; new SFHAs will simply replace the SFHAs that become submerged.

Any growth in SFHAs represents an increased burden on taxpayers. According to GAO estimates, the premiums pdf set by FEMA on NFIP flood insurance policies do not cover the risk. GAO gauged the subsidy for the years 2002 through 2013 at somewhere between $16 billion and $25 billion. Depending on assumptions about climate change and the amount of shoreline erosion, the AECOM study projects an increase between 20 and 90 percent in expected losses.

The climate risk assessment published by the Risky Business Project—an organization co-chaired by Michael Bloomberg, Henry Paulson, and Thomas Steyer—estimates that three-to-four percent of the US population will live in coastal SFHAs by 2100 and 11 percent of the US population will live in riverine (that is, inland) SFHAs. In addition, between $66 billion and $160 billion worth of real estate is expected to be below sea level by 2050. By the end of the century, the range is $238 billion to $507 billion.

The loss estimates above refer to insured properties with a high risk of flooding. However other areas will become permanently submerged, generating even larger losses. The Risky Business Project pdf estimates the cost of all structures likely to be destroyed by the end of the century due to shoreline movement at two to four percent of the cumulative insurance premiums paid through 2100. In Florida alone, this study estimates a 1-in-20 chance that more than $346 billion in current property will be underwater by 2100.

http://www.freddiemac.com/research/i...s_a_beach.page