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California’s Poor Forest Management Not Climate Change is the Cause of the Apocalyptic Fires (Video)



Between the raging wildfires and the blackouts, California is now offering an abject lesson in the perils of wishful thinking. The state’s leaders may blame climate change or big utility companies, but in reality it’s their fault.

By Monday morning, Pacific Gas and Electric (NYSE:PCG) had broken its record for households blacked out the company’s effort to avoid the downed live power lines that can start fires. Yet high wind gusts are still triggering wildfires, and not just in PG&E’s service area.

The Big Q: Why have 10 of the state’s 20 largest, most deadly fires ever occurred in the last decade?

The Big A: Because its forests are now twice as dense as they were 150 years ago when the population was a fraction of today’s.

Behind that unnatural density: state and federal rules that make it nearly impossible and expensive to touch any of this precious overgrowth.

Green sentiment has beaten back the timber industry, which might have put life-saving access roads into wild areas. It has prevented controlled burns for fear of disrupting animal habitats and barred even minor brush-clearing programs.

When last Summer’s disastrous Paradise fire killed 85, the state found reason to blame PG&E, which was sued into bankruptcy and is still deep in Chapter 11.

Utilities that aren’t privately owned, meanwhile, do not face the same liability under California law. Hence its precautionary blackouts now.

And since it’ll be years before the utility can secure its lines against high winds, its customers must now expect rolling blackouts every Fall when the powerful, hot “El Diablo” winds roll in, more coming Thursday.

President Trump had it right last Summer: “There is no reason for these massive, deadly and costly forest fires in California except that forest management is so poor.”

On his last day in office, Governor Jerry Brown admitted as much by quietly signing bills removing impediments to “controlled burns” and allotting $190-M a year to “improve forest health and fire prevention.

That is not enough

California’s Forestry Department would like to 2X its amount of tree and brush thinning over the next 5 years but isn’t sure it can. Its deputy director sees “a significant public education campaign ahead of us as foresters to get the public to understand” how dangerously unnatural it is to not thin out forests.

Stay tuned…

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S. Jack Heffernan Ph.D. Economist at Knightsbridge holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Crypto, Mining, Shipping, Technology and Financial Services.