Numbers
have meaning only in context. A
temperature of 98.6 degrees F is normal body temperature, but only in context
of the mean. This is not normal for
every person. The S&P 500 crossing
1600 is meaningless unless it is in context of what the market is doing. Is it going up or down? How far has it gone from previous
levels? Only then does the number have
meaning.
A
milestone was reached recently, Thursday, May 9th, at the Mauna Loa
Observatory in Hawaii. Levels of carbon
dioxide reached 400 parts per million (ppm) for the first time in human
existence. Daily measurements are made
at the observatory of the gases that lead to atmospheric change. One of the main gases monitored is carbon
dioxide (CO2). Levels of 400.03 and
400.08 ppm were measured independently by the National Oceanic &
Atmospheric Administration (NOAA) and Scripps Oceanographic Institute
respectively.
Mauna Loa Observatory in Hawaii. Click on the image for a larger version. Image Credit: NOAA/ESRL. |
This
was a daily mean that was measured for the first time. Hourly measurements exceeded this number
quite a few times since mid-April. The
monthly mean of CO2 will likely peak this month, at a level of about 399 ppm,
and then fall until October. It is
likely to pass the 400 ppm in the spring of next year. The yearly mean will not likely cross this
level until 2015 or 2016.