Preparing For the Worst

What do Weather Modification, Hedge Funds, and Derivatives Have in Common?

September 14, 2011: Dr. Hildegarde Staninger, RIET-1, with guest Rosalind Peterson.

While controlling the weather is most often presented as fantasy, such as the super powers of Marvel Comics character Storm, modern technology has made it relatively easy to influence certain weather patterns. In fact, there are weather modification programs ongoing in over seventy countries throughout the world – including here in the United States. These programs are far from secret, as many are advertised and government-run. But what most people don’t realize is the extent to which these programs can also influence our economy – and not in ways you’d expect.

This week, Dr. Staninger welcomes Rosalind Peterson, California President and Co-Founder of the Agriculture Defense Coalition (ADC), and California Skywatch. Formed in 2006, the ADC is dedicated to protecting agriculture, our water supplies, trees, and pollinators from a wide variety of experimental weather modification and atmospheric testing programs, toxic chemicals, geo-engineering, and other experiments.

Since climate control programs are fairly unregulated, as no public notice is needed to run these programs except to report them to the NOAA, they often go unnoticed by the general public. Most programs use methods of cloud-seeding – using particulates such as silver iodide to generate precipitation, either by aircraft or ground based methods – to bring more rain or snowfall to a certain area. However, since clouds only contain certain amounts of moisture, oftentimes one area will receive more precipitation while another area visited by the same clouds will be forced into a drought. Given that weather is traditionally a random act of nature that can barely be predicted, these changes in weather patterns are often attributed to global warming or other phenomena, such as El Nino.

Adding to the complication of this matter is the fact that weather futures are a tradable commodity. Since 1999, the Chicago Mercantile Exchange has traded weather derivative contracts, currently trading for 35 cities in the United States, Europe, Canada and Japan. Therein lies the concern – if the weather can act as a “stock” and weather can be manipulated, what is to stop companies running unregulated weather modification programs from buying and selling weather futures, and committing what amounts to insider trading?

Agriculture Defense Coalition:

California Skywatch:

Catastrophic bonds and weather derivatives – a new asset class for hedge funds

Speculative capital and the ecosystem of globalization

A Primer on Weather Derivatives

450WV 2010 NOAA Final Listing of Weather Modification Programs

The link below refers to U.S. Senate Bill 517 which did not pass the U.S. Senate between 2005-2010. This is a good reference letter to problems with weather mitigation and modification.

By Rosalind Peterson

Link to UCAR map of U.S. and worldwide weather modification programs

U.S. Weather Modification Map – Color

KTVU Channel 2 – Oakland/San Francisco Weather Modification TV Video

Company that alters water vapor for weather modification programs

Media Video and Audio © 2011 Living Light Network

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