President-elect Donald Trump has selected an oil executive — Chris Wright, CEO of Liberty Energy — to lead the Department of Energy, a sign that the White House will soon become a fan of fossil fuels. Wright is a prominent oil industry executive who has expressed skepticism about global warming and his company specializes in…
According to UBS, Miami has the largest housing bubble globally, driven by rapid population growth and surging home prices, up 40% since the pandemic. However, South Florida’s worsening storm activity is leading many residents to leave, depressing property values. Adding to the crisis, homeowners face challenges securing insurance, with some properties deemed uninsurable. UBS warns…
Severe wildfires are forcing evacuations in Warwick, N.Y., as dry conditions persist across the Northeast, with residents across the region facing heightened risks due to nearly 50 days without significant rain and no relief in sight. In addition, high winds, with gusts up to 40 mph, are fueling the fires, which range from New York…
U.S. winters are warming faster than any other season, with average temperatures across 172 cities rising by 4°F since 1979. This trend has dual effects: On the positive side, households are saving on heating costs, with some cutting expenses by up to $100 annually due to fewer heating days. On the negative side, winter sports…
New York City is grappling with unprecedented wildfire threats due to its driest conditions in 120 years. Doug McIntyre reports that wildfires are increasingly common across the region, with some ignited by human activity, such as a recent arson incident. Local media now provide fire maps to help residents monitor ongoing blazes and forecast conditions….
Tropical Storm Sara is poised to threaten Florida’s western coast, prompting red flag warnings. Doug McIntyre explains that the storm could intensify due to Gulf waters exceeding 80 degrees Fahrenheit, a key factor in storm development. Earlier hurricanes this year, Milton and Helene, followed a similar pattern and caused huge damage. If Sara strengthens, it…
Naples and Miami have led U.S. markets in home price growth over the last five years, despite facing increasing climate-related risks. Doug McIntyre highlights that warm weather and low taxes continue to attract residents, but experts like Robert V. Jones warn of a potential downturn. Rising insurance costs and the risk of outward migration could…
Doug McIntyre discusses Australia’s escalating climate crisis, where interior regions now regularly hit 120°F. This extreme heat often spreads to urban areas like Sydney, pushing their temperatures above 100°F. The interior’s persistent dryness exacerbates farming challenges, making Australia one of the continents most affected by climate change. Over the next decade, rising temperatures and worsening…
Doug McIntyre highlights alarming findings presented at the ongoing COP29 climate conference that predict a global temperature rise of 3°C by 2100 if emission levels remain unchecked. Such an increase would exacerbate extreme weather, including stronger storms and widespread droughts. Climate refugees, already numbering millions, would grow as conditions in areas like Delhi — a…
Doug McIntyre reports on Ford’s latest setback in the EV market, as poor sales of its Capri, Explorer, Mustang Mach-E and F-150 Lightning EVs have led to production cuts. Ford had hoped these EVs would secure its place as a major player against Tesla in the U.S., but recent sales declines indicate otherwise. Although the…
Doug McIntyre discusses potential challenges facing the U.S. electric vehicle market as the Trump administration takes office. EV sales have already plateaued, with companies like Ford struggling and Tesla seeing slower growth, leading automakers to worry that they may need heavy discounts to sustain sales. Under the Trump administration, two major threats loom: the likely…
Doug McIntyre reports on an alarming three-alarm brush fire in Manhattan that required more than 150 firefighters to extinguish. The fire underscores a worsening drought in New York City and its surroundings, with 45 consecutive dry days — the longest period since 1820 — and no rain forecasted for the next week. Wildfires have also…
Doug McIntyre discusses a recent Realtor.com study revealing that four Florida cities — Tampa, Miami, Fort Lauderdale and Jacksonville — are among the ten cities nationwide with the most significant falling real estate prices. The primary cause for the decline is climate change, with these cities frequently hit or brushed by severe storms. In addition,…
Doug McIntyre discusses the worsening drought in the Northeast, where rivers and reservoirs are drying up at alarming rates. Reservoirs, usually full to the brim, are now significantly depleted, echoing the decades-long water crisis in California. The drought, in an area unaccustomed to such conditions, is one of the worst in the region since 1820…
Doug McIntyre explains how the Northeast drought is depleting waterways such as the Ohio River, which feeds the Mississippi. These falling water levels hinder barge traffic, which is vital for transporting agricultural goods from northern states to the Gulf of Mexico. If the drought persists, McIntyre explains, disrupted supply chains could lead to food shortages…
Doug McIntyre discusses how the rapid increase in electricity demand from AI and Bitcoin mining is straining the U.S. power grid. As these two industries vie for more power, the grid’s ability to handle the load is being tested, which, in some areas, could lead to grid failures, resulting in blackouts or complete power outages….
Despite international climate pacts, greenhouse gas emissions have risen by 8% since the 2015 Paris Agreement. As Doug McIntyre reports,, greenhouse gases would need to drop by 7% annually through 2035 to meet the Paris goals, a nearly impossible tasl given current fossil fuel dependence. Major polluters like China, the U.S. and India still rely…
Florida is bracing for a possible hurricane, Sara, at present a tropical storm but potentially the third significant weather disaster to hit in two months. Doug McIntyre highlights that previous two hurricanes, Helene and Milton, caused over $30 billion in damage and resulted in numerous fatalities, and details how warmer Gulf waters have extended the…
By investing $5.8 billion in electric vehicle pioneer Rivian, Volkwagen hoped the startup’s expertise would improve its EV presence as well as generate profits. However, Rivian’s $80,000 trucks have proved to create low consumer demand, reports Douglas McIntyre, with projected sales of just 40,000 units this year. With Rivian’s $7 billion losses and American buyers…
As climate change strains traditional agriculture, genetically engineered foods are becoming crucial for food security. Doug McIntyre explains that these seeds are designed to thrive in extreme conditions like increasingly common droughts and floods. Although some scientists question the health effects of these advances, McIntyre emphasizes that they are often the only viable option for…
Doug McIntyre highlights the continued scourge of coal in global energy production. Despite perceptions, coal still fuels 75% of India’s electricity and 60% of China’s, leading to these nations being the top two polluters in the world. Although China leads in green energy investments, coal remains the primary energy source, continuing the mineral’s role as…