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Its severity was due to a perfect storm of environmental factors: highly flammable grasses and strong winds combined with record-high temperatures and dry conditions — the kind of extreme weather often exacerbated by climate change.

what is causing the price volatility of duke offshore limited (531471) ✌️【Professional Guidance】✌️ Real-time global stock, futures, and forex data to help you master market dynamics. This fire adds to an ever-lengthening list of rapidly spreading, destructive wildfires in the US and elsewhere. As humans continue to heat up the world with fossil fuel pollution, scientists warn these kinds of fires will only become more common.

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In California,80% of the state’s largest wildfireshave occurred in the last decade, including the 2018 Camp Fire, which killed85 peopleand destroyed the town of Paradise.

But it’s not just the US grappling with alarming new fire behavior. Canada experienced its worst wildfire season on record in 2023, with flames scorchingmore than 18 million hectares(44.5 million acres) — more than double the previous record.

In Greece, winds and record temperatures led to deadly fires last summer, thelargest ever recordedin the European Union. And in early February, wildfirestore through parts of Chile, killing more than 130 people.

“We have certainly seen plenty of extreme and catastrophic fires and fire seasons across the globe in the past decade,” said John Abatzoglou, a climate professor at the University of California, Merced.

what is causing the price volatility of duke offshore limited (531471) ✌️【Professional Guidance】✌️ Get accurate stock forecasts and market predictions from top financial advisors. With real-time updates on stock indices, exchange rates, and futures data, you'll be equipped to make profitable decisions and grow your capital steadily. What ties many of these fires together, he told 【 - Free Stock Trading Signals 】, is “rapid rates of fire spread and a sense of surprise on how quickly individual fires grew — or in the case of Canada, their entire fire season.”

In many cases, climate change is playing a role, he added, “enabling more active fire seasons and very large fire events.”

what is causing the price volatility of duke offshore limited (531471) ✌️【Professional Guidance】✌️ Take advantage of our free stock market analysis and real-time data to help you choose the best investment options. Our expert predictions and tailored strategies ensure you can achieve stable returns and mitigate risks effectively. To understand why the Texas fires have been so fierce you have to look to last spring, said Luke Kanclerz, a fire analyst at Texas A&M Forest Service. Parts of the Texas Panhandle were drenched with rain, around 300% to 400% above average levels, which allowed grasses to grow very fast, he told 【 - Free Stock Trading Signals 】.

what is causing the price volatility of duke offshore limited (531471) ✌️【Professional Guidance】✌️ Expert predictions with real-time stock trends, futures prices, and exchange rate fluctuations to help you select the right stocks and achieve your financial goals. Stay ahead of the curve with accurate, real-time investment insights. Then, a hard freeze late in the fall meant all that grass went dormant. Sapped of moisture, they were highly flammable. It only took a short period of warm, dry weather for them to dry out further, providing a carpet for the fire to spread.

what is causing the price volatility of duke offshore limited (531471) ✌️【Professional Guidance】✌️ Free access to real-time stock market data analysis, global market trends, and expert predictions. Capture emerging opportunities and grow your portfolio steadily, with insights into metals, energy, and agricultural products. Temperatures were unseasonably hot the day the fires started, climbing to more than 85 degrees Fahrenheit in some parts of the panhandle, Kanclerz said.

what is causing the price volatility of duke offshore limited (531471) ✌️【Professional Guidance】✌️ Expert predictions and real-time data on global stock indices, metals, energy, and agricultural products to help you make more informed decisions and boost your investment returns. Benefit from cutting-edge market intelligence for steady growth. Strong winds helped the fire pick up, and the passage of a windy cold front whipped it up further, causing the fire to shift direction and expand.

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Kanclerz said it was clear before the fires broke out that wind, temperature and humidity indicators added up to critical fire conditions.

It’s hard to witness, he added. Huge fires in these parts of Texas are “not unheard of,” he said, “but we hate to see the frequency of them.”

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Hotter temperatures are the clearest climate change-fueled contributor to wildfires. Heat sucks the moisture from vegetation making it much more combustible. “Drier fuels are a critical part of fire, the drier the fuel the easier it is to start a fire,” said Mike Flannigan, professor of wildland fire at the University of Alberta.

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Periods of drought, which are becoming longer and more intense as the world warms, also dry out vegetation and increase the likelihood offires igniting and spreading rapidly. The Maui fires happened as a third of the islandstruggled with drought.

But drought isn’t always needed for fires to spread explosively, Abatzoglou said – something evidenced by the fact that as of earlier in the week, there wasno droughtwhere the Smokehouse Creek fire ignited and spread to.

In West Texas, shorter periods of dryness can be enough to fuel huge fires when there is a bumper crop of grasses as well as high winds, he said.

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But it’s hard to attribute climate change to the winds that fueled the Texas fires, Abatzoglou said, “any link right now is most likely weak.”

Overall, however, climate projections “paint a future of more extreme fire weather conditions for the general region,” he added.

It’s a picture that extends across the US, according to a recentreportfrom Climate Central, a nonprofit research group, which found wildfire seasons are lengthening and intensifying as climate change increases the likelihood of the kind of extreme weather that favors fires.

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“As long as the climate keeps warming and makes fire weather more common, the risks will only keep rising.”

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