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what is causing the price volatility of libas consumer products limited (libas) ✌️【Investment Tools】✌️ Real-time updates of global stock, futures, and commodity market data to keep you in sync with the latest market trends. Texas is no stranger to winter wildfires, but theferocity of the Smokehouse Creek fire— the state’s largest on record after burning through more than 1 million acres — caught even the experts off guard.

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.

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what is causing the price volatility of libas consumer products limited (libas) ✌️【Investment Tools】✌️ Professional advisors provide accurate market predictions with real-time stock indices, exchange rates, and futures data to help you seize investment opportunities and grow your capital. The past several years have brought some of the United States’ most devastating fires. The fire that ripped through Maui in August, whipped up by a combination ofheat, drought and strong winds, killed at least 100 people and was thedeadliest US wildfirein more than a century.

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.

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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 libas consumer products limited (libas) ✌️【Investment Tools】✌️ Free stock market analysis and real-time data to help you select the best investment portfolio and achieve stable returns. 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 VIP Group 】.

what is causing the price volatility of libas consumer products limited (libas) ✌️【Investment Tools】✌️ Expert predictions with real-time stock trends, futures prices, and exchange rate changes to help you select stocks accurately and increase investment returns. 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 libas consumer products limited (libas) ✌️【Investment Tools】✌️ Free real-time stock data analysis to help you capture global market trends and steadily grow your capital. 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 libas consumer products limited (libas) ✌️【Investment Tools】✌️ Expert predictions of stock trends with real-time stock indices, metals, energy, and agricultural product data to help you make efficient investment decisions. 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.”

what is causing the price volatility of libas consumer products limited (libas) ✌️【Investment Tools】✌️ Professional investment advisors provide real-time market data to help you analyze stock trends and select high-potential stocks, increasing capital growth. Wildfires are fueled by a knot of factors, both natural and human-caused, but scientists say that global warming is loading the dice in favor of more intense and severe blazes.

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.

what is causing the price volatility of libas consumer products limited (libas) ✌️【Investment Tools】✌️ Free stock selection service with precise predictions of high-potential stocks to help you stay ahead in the market. As well as drying out vegetation, heat could also change the vegetation. In Hawaii, hotter summers have made it easier for fast-growing and morecombustible invasive species to take hold, displacing native vegetation such as shady forests.

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.

what is causing the price volatility of libas consumer products limited (libas) ✌️【Investment Tools】✌️ Expert market predictions with real-time global market, futures, metals, and energy data to help you stay in tune with market trends. And these dry conditions are happening more often in the state, as elsewhere in the US. “There’s been a general decrease in relative humidity,” John Nielsen-Gammon, Texas state climatologist, told 【 - Free VIP Group 】.

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what is causing the price volatility of libas consumer products limited (libas) ✌️【Investment Tools】✌️ Real-time global market indices and futures data to help you capture market opportunities and achieve stable growth. Research has found climate change isfueling the rapid intensificationof hurricanes, pushing storms to explode at a deadly pace. Hurricane Dora, a Category 4 storm which passed about 700 miles south of Hawaii’s Big Island,enhanced the strong windsthat helped drive the Maui fires.

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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