Winter Storms with Hurricane Impact
February 18, 2014
It should be added that recent droughts in the west have had Katrina-like costs.
with Peter Sinclair
It should be added that recent droughts in the west have had Katrina-like costs.
"The sharpest climate denier debunker on YouTube."
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"@PeterWSinclair is a national treasure." - Brad Johnson, Publisher Hill Heat
February 18, 2014 at 5:33 pm
I think he confuses losses with absence of gains.
February 18, 2014 at 6:37 pm
Revenue that you expected to get, but didn’t, is a loss. For example, if you expect to get your paycheck, but your company folds – that’s a loss for you. Clearer now? You’re welcome.
February 18, 2014 at 7:29 pm
You mean like expecting it to rain? Or expecting it not to flood? Or expecting crops instead of withered stalks or submerged plants? Yes. That’s a loss and an absence of gain. We seem to be getting a lot of that these days with judging from mounting insurance claims and losses
February 18, 2014 at 8:55 pm
But I didn’t lose any revenue I already had, the expected revenue that I didn’t get was not subtracted from my bank account – I didn’t lose, I simply didn’t gain more.