“Rhode Island Department of Health, the Department of Environmental Management (DEM) director Janet Coit met with and expressed sympathy for the pipeline protestors’ cause. Remember, this is the state that will be hosting the first offshore wind energy project that will have the highest cost electricity in the continental United States at 24.4 cents per kilowatt-hour.”
“The governors of the states seem to have awakened to the economic benefits of utilizing more clean-burning, low-cost natural gas. Let’s hope they don’t cave into the politically expedience of bowing to more high-cost renewable energy.”
New England’s just-ended abnormally cold winter sent electricity and heating demand skyward, bringing into focus the battle over expanding natural gas pipeline capacity to the region. While there are two significant proposed pipeline expansions seeking FERC approval, environmentalists have become more militant.…
“To demonstrate the challenge offshore wind is having, 12 companies qualified to bid but only two submitted bids. Although the four leases were in the heart of some of the windiest areas of the U.S., they are further south of Martha’s Vineyard and Nantucket Island. But being in deeper water than the stymied Cape Wind project located to the north, their development and operating costs will be considerably greater.”
In furtherance of the wind power push, the administration has been working to expand wind-favorable regions for development. One region receiving a high-level of attention is offshore the East Coast. In addition to the advertised push to develop offshore wind power as a way to reduce greenhouse gas emissions, the governors of several of the East Coast states foresaw an opportunity to build a new industry that would employ thousands of residents.…
“We cannot ignore the possibility that what we are experiencing is the Jevons paradox at work as more fuel-efficient new cars are encouraging drivers to use their vehicles more. The Jevons paradox means that as technology progresses, the increase in efficiency with which a resource is used tends to increase the rate of consumption of that resource.”
My post yesterday at MasterResource documented the boom in auto sales and the reasons why, both market and political (artificially low interest rates). Growing population, more cars. But what is happening with average fuel efficiency and with average miles driven per vehicle?
In its latest monthly Traffic Volume Trend report, the Federal Highway Administration documented an increase in vehicle miles traveled (VMT). The amount of car usage in June 2014 (the last available month) shows VMT at its highest level since 2007. …