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More than a few traders say "this time is different," but I do not think that is the case. As a trader, very early in your trading career, you learn that past performance is not indicative of future results, but do not ignore history. Those that do are destined to repeat the same mistakes.

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Arctic greenhouse gases are not limited to water vapor, though. The melting permafrost mentioned above often liberates significant amounts of methane. Methane has also been observed bubbling up from numerous Arctic lakes, and even from the waters of the Arctic Ocean itself.

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