Climate Change Costs Are Not Hitting the Plate

As the US was experiencing the 2012 drought, climate alarmists were quick to jump on the bandwagon -- making all sorts of climate change suggestions in the mainstream media absent any hard data.  Now that the 2012 data is in, we can (and should) reconsider many of the claims made last summer. One argument that was put forward by Thomas Homer-Dixon at the University of Waterloo involved "[c]limate change's costs hit[ting] the plate."  In his article, Homer-Dixon makes reference to -- and links -- climate change with the 2012 U.S. drought, corn and soybean production, supposedly record high corn prices, and "imperiled food security."  Of course, no data are provided in his article.  When we examine the issue, we find the results are not favorable towards Homer-Dixon's point of view. There has been no significant change in any of the three major annual drought indices (Palmer Drought Severity Index [PDSI], Palmer Hydrological Drought Index [PHDI], and Palmer...(Read Full Post)