Up to 30 inches of rain fell in a two-day period, causing floods in the Guadalupe and San Antonio River basins that left more than 30 people dead, according to the Guadalupe-Blanco River Authority.

WSJ: Texas Flooding Kills One

So while the floods may be causing a pop in thermal coal equities, the increase is unsustainable.

FORBES: Australian Floods Cause Drought in the Coal Market

Despite intense floods in Australia, causing the company to declare a force majeure, or emergency measure allowing it to miss contracted deliveries due to circumstances beyond their control, the company saw increased revenues in all geographic regions.

FORBES: "Coal Supercycle" Takes Peabody's Earnings Through The Roof

It said that global warming was likely to exacerbate the problem, causing more droughts, heat waves and floods.

CNN: Growing deserts 'a global problem'

They claim they are losing shoreline because of melting ice and rising oceans, that floods and storms are more severe, causing greater damage, and that controlling smog is getting more difficult.

NPR: Supreme Court Hears Global Warming Arguments

However, the massive floods that have recently struck the Pakistani people are causing great suffering and apprehension for all, and the domestic government and humanitarian communities are hard pressed to respond adequately.

UNESCO: Office in Islamabad

More heat in the atmosphere is likely to cause (and arguably is already causing) more extreme weather events, including intense heat, cold, droughts, floods, and storms.

FORBES: Climate and the Rising Threat of Hurricane Floods

In many areas of the world, floods, cyclones, and earthquakes occur cyclically, regularly destroying buildings, homes, and schools and causing hundreds, even thousands, of deaths.

FORBES: Three Social Entrepreneurs Already Working To Turn Extreme Weather Into Local Opportunities