“Just as the great bull run that could-have-no-end, ended, another unthinkably big bubble quivers. Technical indicators are quietly being tripped that suggest the bull run in global temperatures that started in the late 1970s may be toying with a reversal. Could another large human institution dependent on complex models be headed for it’s ‘Lehman Bros’ moment?

“Will the climate keep hotting up, or are the latest downside breaks an indication of cool times to come? Billions in profits are at stake, as well as higher energy costs, thousands of careers, and really great junkets, but two groups of technical analysts come to very different conclusions. Who is right? And who will bail out the bureaucrats?”

For the whole article by Joanne Nova and David Evans, click here.