Editor’s note: Beginning next week, Porter will deliver the Daily Journal every day that markets are open – that is, every weekday, Monday to Friday. And, now, the Saturday Stock Screen has become the Sunday Screener – same great analytical insights, just one day later, arriving Sunday at 10 AM ET going forward.

Inside today’s Daily Journal…

Today’s Journal will cost me between 500 and 1,000 subscribers. Maybe more… Maybe all of you.

I’m taking on the two most dangerous false beliefs that drive political fanatics in our society today. I’ll explain why I decided to write these Journals – and especially this one below.

Let’s start here. These facts are all obvious. While verifiable by scientific inquiry, they are all also readily apparent to any reasonably intelligent adult.

Fact #1. When you look at the sky, what do you see? The sun. The sun provides 99.98% of the total energy that drives Earth’s climate. Every wind pattern, ocean current, and biological cycle is a secondary or tertiary effect of solar radiation. A variation of just 0.1% to 0.5% in solar output can equal or exceed the theoretical “radiative forcing” of all human-produced greenhouse gases combined.

Fact #2. Earth’s orbit isn’t a perfect circle. This is well-proven and widely known. The orbit wobbles and stretches over thousands of years, changes known to science as eccentricity, axial tilt, and precession. These known cycles change Earth’s distance from the sun and thus alter how much solar energy is received. These cycles are the proven drivers of every Ice Age and interglacial period in Earth’s history.

Fact #3. The cost of a total global transition to net-zero carbon emissions is estimated by consulting firm McKinsey & Company to be hundreds of trillions of dollars through 2050. These amounts exceed total current global GDP over that timeline. Any sustained attempt to enforce net-zero protocols globally would cause a worldwide economic collapse and lead to billions of deaths.

Fact #4. There is no global sovereign power capable of enforcing compliance with a net-zero protocol. Thus, despite decades of international agreements (the Kyoto Protocol, Paris Accords, etc.), global CO₂ emissions have continued to rise.

I could go on.

There are many other obvious falsehoods in the climate catastrophe narrative. In short, the science doesn’t tell us anything like what Al Gore says it does.

In fact, even today, climate researchers are not certain whether or not clouds (you’ve seen those, haven’t you?) contribute to global warming or lead to cooler temperatures. And, perhaps most damning, ice cores prove conclusively that during other warming periods, temperatures rose before increases to CO₂ in the atmosphere. In other words, in the real world, it’s temperature that drives CO₂ levels, not the other way around.

But my point isn’t to win the scientific argument. There’s no winning any argument with a “true believer.” My point is this: the climate-emergency narrative is utterly absurd on its face. You can see the sun. You can do basic math, and you know that fossil fuels are the bedrock of the modern world. And you know, no matter what Al Gore says about coal, the Chinese don’t give a fuck.

So even if you believe that something that’s only 0.04% of the atmosphere is going to lead to a climate catastrophe, you’d have to be completely delusional to believe this is a problem that we can solve. And if there isn’t a viable solution, then there’s no problem.

Climate hysteria isn’t scientific. It isn’t logical. It’s a new religion that is attracting hundreds of millions of “true believers.”

Telling them they’re wrong won’t help. It’s the extent of the lie that drives their belief. And that lie – that carbon, the element of life, is going to kill us all – is one of the biggest lies that’s ever been told.

Now, most of my subscribers are probably nodding their heads and thinking about their purple-haired stepdaughter who is a climate nut.

But hang on…

The climate Nazis aren’t the most dangerous true believers in America.

Here are a few more obvious facts…