Group items tagged

In 1970 James Gustave Speth co-founded the Natural Resources Defense Council, which has become one of America's most well-endowed and high-profile environmental organizations. He worked in the White House under President Carter, chairing the Council on Environmental Quality; when Bill Clinton and Al Gore were elected in 1992, Speth was a senior adviser to their transition team. He spent the 1990s as the administrator of the United Nations Development Program, where he integrated environmental sustainability into the agency's poverty-fighting mission. Thus, what follows--his call for a radical departure from the movement's current strategy--comes from the ultimate environmental insider. --The Editors I grew up in a small town on the Edisto River in South Carolina in the 1940s and '50s. As a boy, I often swam the Edisto, though at first I could not buck the river's current. But as I grew older and stronger, I was able to make good headway against it. In my environmental work for close to four decades, I've always assumed America's environmental community would do the same--get stronger and prevail against the current. But in the past few years I have come to the conclusion that this assumption is incorrect. The environmental community has grown in strength and sophistication, but the environment has continued to deteriorate. The current has strengthened faster than we have and become more treacherous. It is time to consider what to do besides swimming against it.

Currently in the news, the producers of ethanol are pressing their thumbs to the government, asking them to overturn the 25-year rule limiting the mix of ethanol which can be added to gasoline from its current 10 percent to as much as 15 percent. In the meantime, the Agricultural Department is in discussions with the EPA on raising the current ethanol blend percentage in order to help protect the ethanol industry, which has been deemed a key contributor to the "new energy future". Okay, that sounds just great. But a recent study is warning that the corn-based ethanol produced in the US, may in fact be more harmful and costly than helpful and clean... (read on)

A newly released Black & Veatch analysis addresses issues faced by U.S. electric and natural gas utilities in light of the country's financial uncertainties. A special edition of Black & Veatch's Energy Strategies newsletter (http://www.rjrudden.net/EnergyStrategies.pdf) outlines how utilities are currently in the midst of a variety of risks and other fundamental cross currents. "The utility industry is not immune to the current financial conditions that government, business and consumers face, even though utility securities are often considered safe havens in times of economic difficulty," said Richard Rudden, Senior Vice President of Black & Veatch's Enterprise Management Solutions Division.

Fellow Americans we must stop investing in roads, highways and parking lots. The automobile must go the way of the horse as an antiquated way of getting around. Find a better way now, before desperation forces us to do so. Let's lead the world to a better future, not follow the status quo into pollution and sprawl. I worked in the oil and gas exploration and production industry for 25 years. Few citizens fully understand the scope of the current oil and gas production infrastructure in this country. There are tens, if not hundreds of thousands of oil and gas wells across this country all pumping oil and gas continuously around the clock. Pipelines criss-cross the sea bottom and the landscape carrying millions of gallons of fuel, yet the domestic production meets only a fraction of the current demand for the products. No amount of domestic drilling can meet the country's demand. This world must change its energy infrastructure and transportation systems, and America should lead the way.

Fellow Americans we must stop investing in roads, highways and parking lots. The automobile must go the way of the horse as an antiquated way of getting around. Find a better way now, before desperation forces us to do so. Let's lead the world to a better future, not follow the status quo into pollution and sprawl. I worked in the oil and gas exploration and production industry for 25 years. Few citizens fully understand the scope of the current oil and gas production infrastructure in this country. There are tens, if not hundreds of thousands of oil and gas wells across this country all pumping oil and gas continuously around the clock. Pipelines criss-cross the sea bottom and the landscape carrying millions of gallons of fuel, yet the domestic production meets only a fraction of the current demand for the products. No amount of domestic drilling can meet the country's demand. This world must change its energy infrastructure and transportation systems, and America should lead the way.

The tax breaks benefit the wind and solar energy industries and encourage energy-efficiency improvements to existing homes. Other facilities that generate electricity from renewable sources such as biomass, hydropower, landfill gas and ocean currents also qualify for the credit. Facilities will have to be in place by 2012 to be eligible for the credit. Of the $20 billion, more than $13 billion of it is focused on renewable energy projects. This is mostly due to the tough time that these projects have when it comes to finding financing in current market conditions. Homeowners can get a tax credit of up to 30-percent on upgrades for energy-efficient furnaces, hot water boilers and other energy savings improvements.

New research from Stanford University ranks wind power as the most promising alternative source of energy. Titled Review of solutions to global warming, air pollution, and energy security, the report from civil and environmental engineering professor Mark Z. Jacobson ranks the world's energy options -- putting wind, concentrated solar and geothermal at the top of the list, and nuclear power and coal with carbon capture and sequestration in a tie for dead last. ... From his findings, Jacobson is able to suggest that the U.S. government invest money and create jobs around the development of wind, solar and geothermal: "There is a lot of talk among politicians that we need a massive jobs program to pull the economy out of the current recession," Jacobson said. "Well, putting people to work building wind turbines, solar plants, geothermal plants, electric vehicles and transmission lines would not only create jobs but would also reduce costs due to health care, crop damage and climate damage from current vehicle and electric power pollution, as well as provide the world with a truly unlimited supply of clean power."

Nikkei Business Publications recently announced the results of a survey conducted with engineers in Japan's manufacturing industry on the current global recession. They were asked hard questions about the impact of the recession and measures to cope with it. I am a little surprised that they turn out to be such tree-huggers: an overwhelming number thinks solar cells, electric, fuel-cell and hybrid vehicles - and even wind power - could provide the breakthroughs we need to get out of the current recession.

"Even if oil demand was to remain flat to 2030, 45m bpd of gross capacity - roughly four times the current capacity of Saudi Arabia - would need to be built by 2030 just to offset the effect of oilfield decline", according to Nobuo Tanaka, executive director of the IEA, speaking at a news conference in London. Oil reached a record peak of more than $147 a barrel in July, but has fallen back below $60, a drop of more than 50pc. Given the high cost of bringing on new output and the struggle to match supplies with demand, the IEA has assumed consumers will pay an average of $100 a barrel for oil over the next seven years and more beyond that. "Current trends in energy supply and consumption are patently unsustainable - environmentally, economically and socially - they can and must be altered," said Mr Tanaka. * o Text Size o click here to increase the text size o click here to decrease the text size * Email this article * Print this article * Share this article o delicious o Digg o Facebook o Fark o Google o Newsvine o NowPublic o Reddit o StumbleUpon http://www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/3448385/Credit-crunch-risks-world-oil-supply.html Related Content * More on Oil and Gas More on ... Oil and Gas Get feed updates Finance Get feed updates Energy Get feed updates telegraph tools Switch Utilities Save on fuel bills Search the market for the best prices on gas and electricity. Telegraph Utilities Comparison Service Advertisement telegraph financial partners Investment solutions * Investor services * Portfolio management * Investing for income guide * Inheritance tax advice * Reader guides Finance most viewed * TODAY * PAST WEEK * PAST MONTH 1. Row breaks out at easyJet 2. Abandon all hope once you enter deflation 3. B

This is a wonderful clip. Matt Simmons is the author of 'Twighlight in the Desert', is a leading US investment banker, and a long-term advocate of the peak oil argument. When he was asked to go on CNBC's 'Fast Money' to discuss the high oil prices, he clearly stunned the presenters with his forthright analysis of society's current perilous situation. When asked if $147 a barrel is a 'wake up call' he replied "yes, but we're not having a wake up call, we're having a witch hunt for who got us here", a succinct analysis of the current world situation. What was especially fascinating to watch was when he was asked for his prognosis of the near future.

Current worldwide rig count and U.S. Rig count, Middle East, Canada. Number of active drilling rigs. Inflation adjusted price of crude oil

The same technologies that will let us cure diseases, expand the economy, and overcome everyday inconveniences can theoretically bring about catastrophes. Is the risk of apocalypse serious enough for us to relinquish the current pace of technological innovation?

The same technologies that will let us cure diseases, expand the economy, and overcome everyday inconveniences can theoretically bring about catastrophes. Is the risk of apocalypse serious enough for us to relinquish the current pace of technological innovation?

Who is to blame for the summit disaster? The US? China? The EU? The G-8? In fact, all of the above. It was a coming together of states that killed off a vital resource for the world: trust. In Copenhagen, the outlines of a dangerous world were there for all to see. The climate summit did not end in a fist fight between tens of thousands of people, despite the fact that serious global problems were not resolved. Barack Obama did not have to fly out from the roof of a burning conference center. Nevertheless, it was palpable that this is a world in which trust is harder to come by than oil, and where there is more mistrust than CO2 emissions. And yet Copenhagen has proven that trust is the most important resource for the transformation of the current oil-based system into a green civilization. It is more important than all the money that will be required for new technology, more efficient machines, dams and the survival of forest inhabitants.

Who is to blame for the summit disaster? The US? China? The EU? The G-8? In fact, all of the above. It was a coming together of states that killed off a vital resource for the world: trust. In Copenhagen, the outlines of a dangerous world were there for all to see. The climate summit did not end in a fist fight between tens of thousands of people, despite the fact that serious global problems were not resolved. Barack Obama did not have to fly out from the roof of a burning conference center. Nevertheless, it was palpable that this is a world in which trust is harder to come by than oil, and where there is more mistrust than CO2 emissions. And yet Copenhagen has proven that trust is the most important resource for the transformation of the current oil-based system into a green civilization. It is more important than all the money that will be required for new technology, more efficient machines, dams and the survival of forest inhabitants.

A new historical record of carbon dioxide levels suggests current political targets on climate may be "playing with fire", scientists say. Researchers used ocean sediments to plot CO2 levels back 20 million years. Levels similar to those now commonly regarded as adequate to tackle climate change were associated with sea levels 25-40m (80-130 ft) higher than today. Scientists write in the journal Science that this extends knowledge of the link between CO2 and climate back in time. The last 800,000 years have been mapped relatively well from ice cores drilled in Antarctica, where historical temperatures and atmospheric content have left a series of chemical clues in the layers of ice.

A new historical record of carbon dioxide levels suggests current political targets on climate may be "playing with fire", scientists say. Researchers used ocean sediments to plot CO2 levels back 20 million years. Levels similar to those now commonly regarded as adequate to tackle climate change were associated with sea levels 25-40m (80-130 ft) higher than today. Scientists write in the journal Science that this extends knowledge of the link between CO2 and climate back in time. The last 800,000 years have been mapped relatively well from ice cores drilled in Antarctica, where historical temperatures and atmospheric content have left a series of chemical clues in the layers of ice.

"Based on updated information and scientific assessments, Secretary of Energy Steven Chu, Secretary of the Interior Ken Salazar, and Chair of the National Incident Command's Flow Rate Technical Group (FRTG) Dr. Marcia McNutt (Director of the U.S. Geological Survey) today announced an improved estimate of how much oil is flowing from the leaking BP well. Secretary Chu, Secretary Salazar, and Dr. McNutt convened a group of federal and independent scientists on Monday to discuss new analyses and data points obtained over the weekend to produce updated flow rate estimates. Working together, U.S. government and independent scientists estimate that the most likely flow rate of oil today is between 35,000 and 60,000 barrels per day. The improved estimate is based on more and better data that is now available and that helps increase the scientific confidence in the accuracy of the estimate. At the direction of the federal government, BP is implementing multiple strategies to significantly expand the leak containment capabilities at the sea floor even beyond the upper level of today's improved estimate. The Lower Marine Riser Package (LMRP) cap that is currently in place can capture up to 18,000 barrels of oil per day. At the direction of the federal government, BP is deploying today a second containment option, called the Q4000, which could expand total leak containment capacity to 20,000-28,000 barrels per day. Overall, the leak containment strategy that BP was required to develop projects containment capacity expanding to 40,000-53,000 barrels per day by the end of June and 60,000-80,000 barrels per day by mid-July."

How the world is fed and fueled will in large part define development in the 21st century as one that is increasingly sustainable or a dead end for billions of people. A new and hard-hitting report concludes that dramatically reforming, re-thinking and redesigning two sectors -- energy and agriculture -- could generate significant environmental, social and economic returns. Current patterns of production and consumption of both fossil fuels and food are draining freshwater supplies; triggering losses of economically-important ecosystems such as forests; intensifying disease and death rates and raising levels of pollution to unsustainable levels."

"Late last year we reported that the US Federal Trade Commission proposed a new label for compact fluorescent lightbulbs that would show vital statistics like mercury content and the light output in terms of lumens rather than watts, which would make the brightness of CFLs, LEDs and other lighting technology more comparable among consumers. Well word has just hit that the new system has been approved and we'll soon see nutrition-facts-style labels on our lights. EarthTechling gave us a heads up about the new label, pointing us to the announcement from the FTC. The FTC states, "Under direction from Congress to re-examine the current labels, the FTC is announcing a final rule that will require the new labels on light bulb packages. For the first time, the label on the front of the package will emphasize the bulbs' brightness as measured in lumens, rather than a measurement of watts. The new front-of-package labels also will include the estimated yearly energy cost for the particular type of bulb.""

President-elect, Barack Obama, has had a very favorable view of renewable energy, and has presented some specific plans about how to increase the renewable portfolio in the United States. Below is a lis of items in his proposed Comprehensive Energy Plan, with attention to both short term and long term objectives. Comprehensive Energy Plan * Provide short-term relief to American families facing pain at the pump. * Implement an economy-wide cap-and-trade program to reduce greenhouse gas emissions 80 percent by 2050. * Help create five million new jobs by strategically investing $150 billion over the next ten years to catalyze private efforts to build a clean energy future. * Within 10 years save more oil than we currently import from the Middle East and Venezuela combined. * Put 1 million Plug-In Hybrid cars -- cars that can get up to 150 miles per gallon -- on the road by 2015, cars that we will work to make sure are built here in America. * Ensure 10 percent of our electricity comes from renewable sources by 2012, and 25 percent by 2025.

To take the heat out of global warming we must take radical action, learning to live on half the energy we currently consume. John-Paul Flintoff tries the low-watt diet.

The Environmental Protection Agency seems on the brink of issuing a new regulation that would make it easier for power plants to operate longer hours - and emit more pollution. Under the proposed rule, power plants would be able to measure their rate of emissions on an hourly basis instead of their annual total output. As long as the hourly emissions stay at or below the plant's established maximum, the plant would be treated as if it were operating cleanly - even if its total annual emissions increased as plant managers stepped up output. Under the current policy, power plants that seek to operate longer must install pollution-control equipment. The proposed rule, expected to be finalized in the next two weeks, would increase the life span of older power plants without owners having to install costly new pollution-control equipment.