Global Warming-Energy-Environment

WhatFinger

$100 Oil Is A Distinct Possibility

$100 Oil Is A Distinct Possibility
An oil price spike is starting to look increasingly possible, with a rerun of 2008 not entirely out of the question, according to a new report.

The outages from Iran are worse than most analysts expected, and bottlenecks in the U.S. shale patch could prevent non-OPEC supply from plugging the gap. To top it off, new regulations from the International Maritime Organization set to take effect in 2020 could significantly tighten supplies.

By Oilprice.com -- Nick Cunningham- Thursday, September 27, 2018

Australia Shows Futility of Climate Legislation

Australia Shows Futility of Climate Legislation
An article last month in the New York Times showcases the futility of climate legislation, regardless of one’s views on the desirability of government measures to reduce greenhouse gas emissions. Specifically, Somini Sengupta’s piece explained that the Australian government was toppled because of climate policy, and then drew parallels to the United States and Canada. Whether it was her intention, Sengupta demonstrated that if indeed climate change is a problem, activists should realize that the political process offers a very unreliable “solution.”

By Institute for Energy Research - Thursday, September 27, 2018

Is the Environmental Left Really ‘David’ Fighting Goliath?

Is the Environmental Left Really 'David' Fighting Goliath?
In the narrative crafted by environmental groups, the fossil fuel industry is depicted as a greedy, politically connected, and downright evil conspirator working to undermine the democratic will. It has been compared to the mid-century tobacco industry as a disseminator of misinformation about the harm of its products to keep people “addicted” to them. To fight this evil Goliath there has emerged a ‘David’—a scrappy, rag tag team of environmental groups and renewable energy companies, whose weapons of “truth” and science must overcome the larger might of money and power wielded by their opposition. But this self-serving narrative is false.

By Institute for Energy Research - Monday, September 24, 2018

Coal Is Still King in the Global Generating Sector

Coal Is Still King in the Global Generating Sector, U.S. Coal Exports
Globally, coal still generates more electricity than any other source. In 2017, coal generated 38 percent of the world’s electricity—64 percent more than natural gas, which ranked second in electricity generation worldwide. Coal’s share in 2017 was no smaller than its share two decades earlier. In that time, electricity consumption worldwide increased by 76 percent. While the global share of electricity from natural gas and from renewable energy each has grown since 1998, their generation has substituted for nuclear and petroleum generation in the world market, rather than for coal generation. Various countries have limited their nuclear generation since the tsunami hit Japan’s Fukushima Daiichi nuclear units in 2011, forcing nuclear decommissioning, and petroleum has been on the decline for a long time as a generating fuel.

By Institute for Energy Research - Monday, September 24, 2018

Bloom Energy’s “tangled web”

Bloom Energy’s tangled web
Bloom Energy executives, investment bankers, venture capitalists, politicians, regulators and others involved in advancing Bloom’s business, reputation and financial dealings are living the complicated life that flows from lying. Lies typically start small. Often, they’re small deceptions. But deceptions can metastasize into a tangled web of lies that threatens corporate survival, as truth intrudes over time from all sides.

For years the truth about Bloom’s business and ethics has intruded. But Bloom successfully parried them, going public on the New York Stock Exchange in July 2018. Its stock came out at $15 and has doubled.

By Paul Driessen -- and Clint Laird- Monday, September 24, 2018

Brown’s dream of banning fossil fuels is a 21st century pipe dream!

Brown’s dream of banning fossil fuels is a 21st century pipe dream!
DALLAS — Outgoing California governor Jerry Brown wants to be remembered as an environmental warrior—regardless of how much it costs Golden State residents and businesses.
The governor just signed legislation requiring utilities to generate 60 percent of their electricity from renewable sources by 2030, with a goal of phasing out all fossil fuels by 2045.

Then he headed to the Global Climate Action Summit in San Francisco for a victory lap, where he boasted that the state would launch its “own damn satellite” to track “climate pollutants”—apparently trying to outdo NASA’s Orbiting Carbon Observatory-2, which has been doing just that since 2014.

By Merrill Matthews - Sunday, September 23, 2018

Big Green, Inc.‘s assault on the coal industry

Big Green, Inc.'s assault on the coal industry
This week, the Institute for Energy Research released Big Green, Inc., a database that details the substantial financial network supporting the environmental movement in the United States. One of the goals of Big Green, Inc. is to provide concrete examples of how environmental groups with deep-pocketed donors influence American energy and environmental policy.

There is no better example of this influence than the Environmental Left’s all-out assault on the American coal industry over the past two decades. Many people argue that the “War on Coal” has been overstated as the Clean Power Plan has yet to be implemented, and that the real cause for the decline of the American coal industry was the emergence of hydraulic fracking and its impact on natural gas prices. But that’s only one part of this story. The other, lesser-known part, is the abuse of the legal system by environmental groups to inhibit coal development at the local level.

By Institute for Energy Research - Wednesday, September 19, 2018

U.K.‘s Wind Farms Idled in Summer Heat Wave

The United Kingdom’s wind farm capacity increased by over 10 percent from last year, but the share of electricity the wind turbines supplied decreased—from 12.9 percent of generation last summer to 10.4 percent this summer because of a weather system that resulted in much of the country under a heat wave with suppressed wind conditions. Like wind capacity, the U.K.‘s solar capacity also increased—from 11.3 gigawatts in April, 2017 to 12.1 gigawatts this year.

By Institute for Energy Research - Wednesday, September 19, 2018

Keep carbon taxes in the ground

Keep carbon taxes in the ground
The House of Representatives recently passed a sense of Congress resolution that a carbon tax would kill jobs, damage the revitalized U.S. economy, and disproportionately impact poor, minority and working class families. The vote also reflects the fact that America is still over 80% dependent on fossil fuels—and helps explain why a misguided Carlos Curbelo (R-FL) was able to convince only one colleague (Brian Fitzpatrick, R-PA) to cosponsor his carbon tax bill back in July. In the meantime:

Doug Ford became Ontario’s new premier by vigorously opposing the carbon taxes and pricy wind and solar electricity that Canadians have come to despise. He quickly eliminated $2 billion in taxes a year by canceling 200 heavily subsidized renewable energy projects implemented by his predecessor. Meanwhile, the Trudeau government is facing increased resistance to its plans for a steadily escalating carbon tax.

By Paul Driessen - Sunday, September 16, 2018

Busting the “100 Percent Renewable” Myth

Busting the 100 Percent Renewable Myth
Facebook and Sony are just the most recent companies to pledge the transition to running on 100 percent renewable energy. Many companies such as Apple, REI and Google claim that they get their electricity from 100 percent renewable sources already. At best, this claim is misleading and deceptive. We cannot find a single instance of a large company actually going “100 percent renewable.” The reality is that as long as these companies are connected to the electric grid, they still get the vast majority of their electricity from conventional sources such as coal, natural gas, and nuclear power, and are therefore not 100 percent renewable.

By Institute for Energy Research - Friday, September 14, 2018

Petroteq Believes its Technology Is the Key to Utah Oil Sands

Petroteq Believes its Technology Is the Key to Utah Oil Sands
Oil sands are a type of unconventional oil that is a mixture of sand and dense, viscous bitumen. Utah contains approximately 55 percent of U.S. oil sands deposits, concentrated in eight major areas with a total resource volume of over 30 billion barrels.

Petroteq, a Canada-based company, is leading the charge to extract this valuable commodity. The technology they use is different from other oil sands projects in that it consists of solvents that can separate oil from rocks at little cost and with no water or air pollution. It is a “closed-loop” process that perpetually reuses the proprietary solvents. The company claims the break-even price is $32 a barrel, including all costs and taxes‚Äîless than half the current price for crude oil.

By Institute for Energy Research - Friday, September 14, 2018

Modern witchcraft has officially arrived: UN climate chief touts UN regulations are ‘changing

Modern witchcraft has officially arrived: UN climate chief touts UN regulations are ‘changing the weather’!

The top United Nations climate official has boldly proclaimed that the UN climate pacts have the benefit of “changing the weather.” Patricia Espinosa, the executive secretary of the United Nations Framework Convention on Climate Change,

Espinosa called man-made climate change “the biggest challenge of our time” and declared, “By raising our ambition for #climateaction, we are not just changing the weather, we are building a better future for all,” on September 12, 2018.—More…

 

By Marc Morano - Thursday, September 13, 2018

The Mounting Solar Panel Waste Problem

The Mounting Solar Panel Waste Problem
Solar photovoltaic panels, whose operating life is 20 to 30 years, lose productivity over time. The International Renewable Energy Agency estimated that there were about 250,000 metric tons of solar panel waste in the world at the end of 2016 and that the figure could reach 78 million metric tons by 2050. Solar panels contain lead, cadmium, and other toxic chemicals that cannot be removed without breaking apart the entire panel. While disposal of solar panels has taken place in regular landfills, it is not recommended because the modules can break and toxic materials can leach into the soil, causing problems with drinking water. Solar panels can be recycled but the cost of recycling is generally more than the economic value of the material recovered. Used panels are also sold to developing world countries that want to purchase them inexpensively despite their reduced ability to produce energy. Regardless, solar panel waste disposal is a problem that needs to be addressed.

By Institute for Energy Research - Thursday, September 13, 2018

Oren Cass: “There’s No Conservative Carbon Tax”

Oren Cass: There's No Conservative Carbon Tax
On these pages over the years, I’ve consistently pointed out that the American public was being misled on the case for a carbon tax. For example, I used the UN’s own reports to show that the popular climate change goal of limiting warming to two degrees Celsius would probably be a cure worse than the disease; i.e., that the costs of government action to mitigate climate change are higher than the benefits. I’ve also spent many posts warning libertarians and conservatives to be wary of claims that a carbon tax could boost conventional economic growth, since the people making this “conservative case for a carbon tax” often misrepresented the literature and ignored obvious political realities. In this context, it was refreshing to see the Manhattan Institute’s Oren Cass recently write a post reaching these same conclusions.

By Institute for Energy Research - Tuesday, September 11, 2018

The Downside For Oil Is Limited

The Downside For Oil Is Limited
More than two weeks of nearly uninterrupted price gains for crude oil ended this week, with the rally running out of steam. The question is what happens next?

Oil prices posted steep losses just as the bulls were back on the march. WTI briefly topped $70 per barrel in recent days and Brent was flirting with $80. But the rally was kneecapped by a variety of factors, and it could be challenging to break above those key pricing thresholds in the near future.

By Oilprice.com -- Nick Cunningham- Tuesday, September 11, 2018