Global Warming-Energy-Environment

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Switching to Markets Could Save You 15 Percent or More on Climate Insurance

A recent piece in The Week on the climate change debate is at once refreshing and disappointing. On the one hand, the author Jeff Spross tries to be fair to the opponents of government intervention into the energy sector. He agrees that they aren’t “science deniers” and goes so far as to concede that they know the science as well as the alarmists clamoring for stringent new regulations and taxes.

On the other hand, Spross is still a supporter of vigorous government intervention, and he uses the analogy of insurance to justify his stance. Yet Spross’s case is flawed. He misunderstands the IPCC report: the economic damage from popular climate change policies is projected to be 80 times higher than what Spross tells his readers. Furthermore, even on his own terms, Spross hasn’t really shown that the popular proposals to combat climate change make sense. Nobody—including Jeff Spross—would buy life or car insurance on these terms.

By Institute for Energy Research - Wednesday, July 26, 2017 - Full Story

Gore’s new health warning: ‘Every organ system can be affected by climate change’

In Al Gore’s new book, “An Inconvenient Sequel: Truth to Power”, the former Vice President features a professor of pediatrics warning that global warming is impacting our health.

“Every organ system can be affected by climate change. When I say that, I get goosebumps,” says Pediatrician Susan Pacheco, a professor of pediatrics at University of Texas McGovern Medical School, in Gore’s new book. Gore’s book features Pacheco and her climate change health warnings and touts the fact that the professor was inspired to get involved in climate activist after seeing his original film. The book is a companion to Gore’s new film being released this month, a sequel to his 2006 film “An Inconvenient Truth.”  The book is being billed as “Your action handbook to learn the science, find your voice, and help solve the climate crisis.” Gore’s new book excerpts available here. Excerpts of Gore reading the book available here.

Gore wrote, “The obvious and overwhelming evidence of the damage we are causing is now increasingly impossible for reasonable people to ignore. It is widely know by now that there is a nearly unanimous view among all scientists authoring peer-reviewed articles related to the climate crisis that it threatens our future, that human activists are largely if not entirely responsible, and that action is needed to urgently prevent catastrophic harm it is already starting to bring.” (Climate Depot Note: Blaming extreme weather on “climate change” is not supported by evidence. & Climate Depot has repeatedly debunked Gore’s climate claims: Gore admits Paris pact symbolic – Makes incorrect claims about Greenland, sea levels & extreme weather And here: Climate Depot’s New ‘Talking Points’ Report – A-Z Debunking of Climate Claims And Here Skeptics Deliver Consensus Busting ‘State of the Climate Report’ to UN Summit)—More…

By Marc Morano - Tuesday, July 25, 2017 - Full Story

Despite the Paris Agreement, China and India Continue To Build Coal Plants

With the United States on its way to official withdrawal, China and Germany are expected to take the lead promoting the Paris Agreement.1 This is despite China’s role in constructing over 700 new coal-fired power plants around the world. According to Urgewald, an environmental group based in Berlin, some of these new coal plants will be built in countries that burn little or no coal today. While many of the coal plants will be located in China, about one-fifth of the capacity of these new coal power plants is going to be located in other countries.2

China is not alone in constructing coal-fired power plants. According to Urgewald, about 1,600 coal plants are planned or under construction in 62 countries; this data comes from the Global Coal Plant Tracker portal. If constructed, these new plants would increase global coal-fired capacity by 43 percent. According to Urgewald, 11 of the world’s 20 biggest coal plant developers are Chinese.

By Institute for Energy Research - Tuesday, July 25, 2017 - Full Story

Tesla battery, subsidy and sustainability fantasies

The first justification was that internal combustion engines polluted too much. But emissions steadily declined, and today’s cars emit about 3% of what their predecessors did. Then it was oil imports: electric vehicles (EVs) would reduce foreign dependency and balance of trade deficits. Bountiful oil and natural gas supplies from America’s hydraulic fracturing revolution finally eliminated that as an argument.

Now the focus is on climate change. Every EV sale will help prevent assumed and asserted manmade temperature, climate and weather disasters, we’re told—even if their total sales represented less than 1% of all U.S. car and light truck sales in 2016 (Tesla sold 47,184 of the 17,557,955 vehicles sold nationwide last year), and plug-in EVs account for barely 0.15% of 1.4 billion vehicles on the road worldwide.

By Paul Driessen - Sunday, July 23, 2017 - Full Story

The Humanitarian Hoax of Climate Change: Killing America With Kindness

The Humanitarian Hoax is a deliberate and deceitful tactic of presenting a destructive policy as altruistic. The humanitarian huckster presents himself as a compassionate advocate when in fact he is the disguised enemy.

Obama, the humanitarian huckster-in-chief, weakened and politicized the United States Environmental Protection Agency (EPA) for eight years by presenting his crippling policies as altruistic when in fact they were designed for destruction. His legacy, the Leftist Democratic Party with its “resistance” movement, is the party of the Humanitarian Hoax attempting to destroy American democracy and replace it with socialism.

By Linda Goudsmit - Friday, July 21, 2017 - Full Story

BP Predicts Global Oil Demand Will Peak in 2042

BP predicts that global oil demand will peak in 2042 due to the penetration of electric vehicles, the slowing economic growth in China and global actions taken to reduce greenhouse gas emissions. But not all forecasters agree. The International Energy Agency expects oil demand to continue to increase through the end of its modeling horizon—2040. Saudi Arabia and Russia, the world’s largest oil exporters, believe it will continue to grow until at least 2050.1 The expectation that oil demand will peak is the opposite of what was once expected. Some forecasters had expected oil supply to peak, but technological advances (e.g. hydraulic fracturing) have changed that thinking.

BP’s Energy Outlook forecasts global supply and demand through 2035. Some of the major themes in its 2017 forecast are2:

  • China’s energy demand growth slows to 1.9 percent per year by 2035—less than one-third its rate in the past 20 years (6.3 percent per year). Its GDP growth averages about 5 percent per year, around half the average pace of growth since 2000. China gradually shifts away from energy-intensive industrial output toward more energy-light consumer and services activity.
  • India’s energy consumption grows the fastest among the world’s economies.
  • Emerging Asia’s energy consumption increases by 62 percent by 2035, with coal contributing the largest increment of growth.
  • The global car fleet doubles due to rising prosperity, which boosts car ownership, especially in emerging markets. Fuel efficiency goals and lower battery costs spur electrification. The number of electric cars increases from 1.2 million in 2015 to about 100 million by 2035 (6 percent of the global fleet).
  • There is an abundance of oil supply, which contrasts with slow growing oil demand. Cumulative oil demand to 2035 is expected to be around 700 billion barrels—significantly less than recoverable oil in the Middle East alone.
By Institute for Energy Research - Friday, July 21, 2017 - Full Story

“Dirty, Difficult, And Dangerous”: Why Millennials Won’t Work In Oil

Like many industries today, the oil industry is trying to sell its many job opportunities to the fastest growing portion of the global workforce: Millennials. But unlike any other industry, oil and gas is facing more challenges in persuading the environmentally-conscious Millennials that oil is “cool”.

During the Super Bowl earlier this year, the American Petroleum Institute (API) launched an ad geared toward Millennials, who now make up the largest generation in the U.S. labor force.

“This ain’t your daddy’s oil”, the ad says, in what API described as “a modern look at how oil is integrated into products consumers use now and in the future supported by bold visuals.”

By Oilprice.com -- Tsvetana Paraskova- Friday, July 21, 2017 - Full Story

CA GOP Swamp Sells Out to Dems on Corrupt Cap and Trade

As the California Legislature voted Monday to extend the corrupt Cap and Trade taxing and regulatory program by 10 years, eight turncoat Republican legislators voted with the Democrats. They received support from the California Chamber of Commerce, the California Manufacturing and Technology Association, along with several other big biz groups. But they didn’t just reach across the aisle and vote with compadres—Republicans provided cover for three Assembly Democrats in targeted seats who couldn’t or wouldn’t vote for the cap and trade extension.

That’s how phony this deal is. Think about this: there are three Democrats who are in targeted Assembly seats, so they didn’t think voting in favor of extending cap and trade would sit well with their constituents.  They didn’t have any real system of ideas and ideals that forms the basis of economic or political theory and policy. They are just counting votes.

Democrats don’t care about reducing pollution, or asthmatic children in Los Angleles, or the dorrupt scheme of cap and trade: they care about money and control. And Republicans don’t care about it either apparently.

By Katy Grimes - Thursday, July 20, 2017 - Full Story

Environmental land trusts: Not always a good deal

WASHINGTON, Virginia — Generally speaking, charitable deductions are a financially losing proposition: that is why a deduction is allowed as a means of supporting and encouraging charitable activity.

With the top income tax rate of 39.6 percent, the very most that a contribution of $100 can generate in tax savings is $39.60.

Put another way, at a minimum, the contribution of $100 will typically result in a loss of $60.40 to the donor.  Charity is definitely not an activity for profit-motivated investors.

By Timothy Lindstrom - Thursday, July 20, 2017 - Full Story

A Keynote Address to Forget

On June 25, 2017, Dr. Steven Chu’s keynote address to the attendees of the 2017 Lindau Nobel Laureate Meeting was presented by his colleague, Dr. W. Moerner. The written text of the speech can be downloaded from the References at my book website (Keynote-Steven-Chu-LiNo17-25-June-2017.pdf, file size 107703 bytes).

Of course, a keynote address to any gathering of importance is normally a speech that covers a wide ground, ranging from past findings to future (not necessarily futuristic) ideas, fields that ought to receive more research interest, potential developments and so forth.

By Dr. Klaus L.E. Kaiser - Wednesday, July 19, 2017 - Full Story

Al Gore: Fighting global warming is just like abolishing slavery

Not just that, either. He seems to think that fighting global warming is the moral equivalent of every historic effort to deliver justice to people who had been denied it. People who were denied the right to vote? Or to be considered full citizens? Or even to be free persons? None of their struggles are any more worthy than this one,  :

The climate movement , not least in cities, is right now in the tradition of all the great moral causes that have improved the circumstances of humanity throughout our history. The abolition of slavery. Women’s suffrage and women’s rights. The civil rights movement and the anti-apartheid movement in South Africa. The late Nelson Mandela said it was always impossible until it was done. The movement to stop the toxic phase of the nuclear arms race and more recently the gay rights movement. Some of you may disagree with that. I don’t. I did earlier in my life. But all of these movements have one thing in common. They all have met with ferocious resistance and have generated occasional feelings of despair from those who knew the right direction and wondered whether we could ever get there. The late Martin Luther King Jr once said to a supporter in the bleakest hours who asked, How long is this going to take? He replied, How long? Not long. Because no lie can live forever. Because the moral arc of the universe is long but it bends towards justice. How long? Not long. The late economist Rudy Dornbusch said things take longer than you think but then they happen much faster than you believed they could.

By Dan Calabrese - Monday, July 17, 2017 - Full Story

Insanity and hypocrisy Down Under

The Wall Street Journal called it the energy shortage “no one saw coming.” Actually, a lot of people did see it coming. But intent on pursuing their “dangerous manmade climate change” and “renewable energy will save the planet” agendas, the political classes ignored them. So the stage was set.

As an Australia-wide heat wave sent temperatures soaring above 105 degrees F (40.6 C) in early 2017, air conditioning demand skyrocketed. But Adelaide, South Australia is heavily dependent on wind turbines for electricity generation—and there was no wind. Regulators told the local natural gas-fired power plant to ramp up its output, but it couldn’t get enough gas to do so. To avoid a massive, widespread blackout, regulators shut off power to 90,000 homes, leaving angry families sweltering in the dark.

According to the Journal, Aussie politicians and the wind industry, the primary problem was businesses that exported 62% of Australia’s natural gas production in 2016, leaving insufficient supplies to run gas backup power plants that are supposed to step in when wind and solar power fail. Policy makers “didn’t ensure enough gas would remain at home” and couldn’t foresee temperatures soaring with no wind.

By Paul Driessen - Monday, July 17, 2017 - Full Story

‘Deep Decarbonization’ vs. Direct-Use Natural Gas

“With a clean electricity system comes opportunities to reduce fossil fuel usage in these sectors: for example, electric vehicles displace petroleum use and electric heat pumps avoid the use of natural gas and oil for space and water heating in buildings.” —The White House, United States Mid-Century Strategy for Deep Decarbonization, 2016

The Obama Administration opened many fronts in its war against fossil fuels. The best known was the Clean Power Plan, stayed by the US Supreme Court and now being dismantled by the US Environmental Protection Agency.

By Institute for Energy Research - Saturday, July 15, 2017 - Full Story

The Technical Failure That Could Clear The Oil Glut In A Matter Of Weeks

OPEC exports have come under pressure this week from technical threats to oil fields, with Saudi Arabia’s Manifa problems grabbing the headlines.

Saudi Aramco CEO Amin Nasser, while addressing the World Petroleum Congress in Istanbul, stated that the outlook for oil supplies is “increasingly worrying”, due to a loss of $1 trillion ($1000 billion) in investments last year. The skepticism shown by a majority of financial analysts and oil commentators about the real threat to global oil (and gas) production volumes was countered by the news that the production at Saudi Aramco’s main offshore oil field, Manifa, has been hit by technical problems. News sources reported that the output from Saudi Aramco’s massive Manifa oilfield has been hit by a technical problem.

By Oilprice.com -- Cyril Widdershoven- Saturday, July 15, 2017 - Full Story

Morano confronts Gore with ‘Climate Hustle’ DVD in Australia! Gore refuses to accept, de

MELBOURNE, Australia — Former Vice President Al Gore was confronted by climate skeptic Marc Morano at the EcoCity World Summit in Melbourne Australia on July 13th. Morano presented a DVD copy of his film ‘Climate Hustle’. During the inconvenient encounter, Gore refused to accept the DVD of the film and walked on by to his waiting Lexus RX450h SUV “hybrid.”

Gore’s visit to Australia to promote his new film, “An Inconvenient Sequel”, is coinciding with the Australian premiere of the skeptical film “Climate Hustle,” which screened on July 12th in Melbourne at the Village Roadshow Theater at the State Library of Victoria. Climate Hustle will premiere in Brisbane and Sydney as well. See:

 

By Marc Morano - Thursday, July 13, 2017 - Full Story

China’s Drive For Global Resources

Across the globe, on nearly every continent, China is involved in a dizzying variety or resource extraction, energy, agricultural, and infrastructure projects—roads, railroads, hydro-power dams, mines—that are wrecking unprecedented damage to ecosystems and biodiversity reports, William Laurance. 1

It is difficult to find a corner of the developing world where China is not having a significant environmental impact. China is the world’s biggest financier and builder of hydroelectric dams, many of which are being constructed in biologically diverse regions where the dams and their associated roads and power lines will open up new lands for exploitation.

According to a major World Bank analysis of nearly 3,000 projects, Chinese foreign investors and companies often predominate in poorer nations with weak environmental regulations and controls, causing those nations to become ‘pollution havens’ for Chinese enterprises. 1

By Jack Dini - Thursday, July 13, 2017 - Full Story

States Consider Moratoria on Wind Construction

North Carolina could soon join its neighbor Tennessee by placing an 18-month moratorium on wind farm construction. Lawmakers in the Tar Heel State recently passed its moratorium to avoid higher energy costs interference to military operations.1  If signed by the governor before the July 30 deadline, the measure would be the longest statewide stoppage on wind energy development in the nation. Tennessee passed its year-long moratorium on new wind turbines in May.

By Institute for Energy Research - Thursday, July 13, 2017 - Full Story

Moss Mine Marching Towards Production

In mining one of the most important predictors of success is a company’s ability to churn cash, in what is typically a very cost-intensive process. Between water and power requirements to run the processing plant and tailings storage, to earthmoving and haulage expenses, to salaries and camp costs, a mine can just as often turn into a money pit as a means for generating profits and investor returns.

One company that has had no problem attracting money, including from institutional investors, to its project in Arizona is Northern Vertex (TSXV:NEE). Headquartered in Vancouver, the $68-million market cap junior has made good progress on its 100% owned Moss Mine near Bullhead City.

Since signing an option agreement in 2011, Northern Vertex has moved the Moss Mine from a preliminary economic assessment (PEA) in 2012 to an 18-month test-mining phase, followed by a feasibility study in 2015 showing robust economics for a small yet low-cost gold operation. Development expenditures to date total roughly $52 million.

By Rick Mills - Tuesday, July 11, 2017 - Full Story

California’s Solar Energy Overload

On 14 different days in March, California produced so much solar power that it needed to pay Arizona, Nevada and other states to take the excess electricity to avoid overloading its power lines. The phenomenon also occurred on eight days in January and nine days in February. As a result, California has ordered some of its solar plants to reduce generation. In fact, solar and wind power production was curtailed by about 3 percent in the first quarter of 2017—more than double the same period last year.

California has an ever-increasing glut of power because of the state legislature’s push for renewable energy and state regulators’ push for natural gas. The California legislature has mandated that half of the state’s electricity come from renewable sources by 2030—about double what it is today. At the same time, state regulators have had utility companies build natural gas power plants to provide reliable power and back-up power to the wind and solar units. Utilities are happy to comply because constructing power plants provides new revenue. Once state regulators approve new plants or transmission lines, the cost is included in users’ electricity bills—no matter how much or how little is used. This two-track approach has created the glut and has proved costly for California electricity consumers. Electricity prices in California have increased faster than in the rest of the United States and they are over 40 percent higher than the national average.

By Institute for Energy Research - Tuesday, July 11, 2017 - Full Story