When driving an unfamiliar road, and there is a curve, most everyone will slow down . However, there is always the knucklehead who takes the turn too fast. The good news this week is we have eased up on the gas, and are no longer barreling straight ahead into some unknown disaster. For the past eight months there has been a speculator driven oil bubble —it has popped . Remember how just a few weeks ago, when some second rate neo-con nitwit would offer the opinion it would be necessary for Israel and the US to take out Iran this summer—and the price of ...
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With spot oil prices surging to $120 a barrel (futures remain over $100 through 2016), a shortage of electrical generation capacity across the world, and hugely wasteful Chinese and other emerging market demand for all kinds of fossil fuels from coal to LNG, we are clearly approaching some kind of tipping point for our current energy paradigm. I'd be a seller of current prices which result from a speculative bubble in commodities, but probably a buyer of 2016 futures; worldwide demand for electricity is widely forecast to double within 20 years (see post ). Combined with the ecological panic over Greenhouse gas emissions, the ...
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So the G.O.P. has found its issue for the 2008 election. For the next three months the party plans to keep chanting: "Drill here! Drill now! Drill here! Drill now! And the debate on energy policy has helped me find the words for something I've been thinking about for a while. Republicans, once hailed as the "party of ideas," have become the party of stupid. Now, I don't mean that G.O.P. politicians are, on average, any dumber than their Democratic counterparts. And I certainly don't mean to question the often frightening smarts of Republican political operatives. What I mean, instead, is that know-nothingism - ...
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API has issued the following statement on the House energy bill under discussion today: “The House energy bill is a dry hole for American consumers. The bill does little to increase U.S. oil and natural gas supplies and, in fact, may well result in less domestic production, which would make America more dependent on foreign energy.” The plan guarantees $18 billion in new taxes on the industry, which would discourage new energy production. At the same time, it offers the illusion of increased offshore access but with no guarantee that energy would ever be produced in new areas on the Outer Continental Shelf. The ...
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by: admin Saturday, October 11th, 2008 IGCC plus CCS - an Objective Analysis By F.Starr : Claverton Group Conference Paper - October 2008 1. Introduction The British Government has recently indicated that it will only support “post combustion capture” schemes for the removal of CO 2 from the flue gases of new-build power plant. In such schemes the idea is that just before the flue gases are vented up the stack, the CO 2 is removed by washing the gases with an alkaline solution, in this case MEA. The process is not too dissimilar in principle from the removal of SO 2 and SO ...
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