With the drought kicking up its heels again in California, we head out on a limb this morning and sketch up what could be the upcoming environmental fight of a lifetime. As usual, we’re going to be way ahead of the crowd on this, and it may not happen for another 100-years.
The timing will be set by the oscillations of El Nino and La Nina, which seem to be at extremes presently, which is causing the drought to be quite horrific in the Southland. However, as we all know, it’s not the first time – and the great California drought from the 1840’s through the Civil War period – a period of similar terrible farming conditions – can hardly be blamed on global warming. That doesn’t stop modern tax and spenders, though.
This morning we inspect a plan to solve California’s water crisis, and all it will take is trashing millions of acres of Canada and First People lands to do it. Oh, and a hell of a tax hit, too.
But before we lay out the coming environmental nightmare, we’ll do headlines and bow down again to our Trading Model which unerringly got us through the recent choppiness in the market with some of the best guidance out there. Who would have thought?