Search Results for: "1970s"
Relevance | DateHeath Effects from Industrial Wind: Australian Testimony (Part II: Dr. Sarah Laurie)
By Sherri Lange -- August 6, 2015 6 Comments“There has been pretence that there is no evidence of harm at the levels of infrasound and low-frequency noise being emitted. This is untrue. There is an extensive body of research conducted by NASA and the US Department of Energy 30 years ago, which: established direct causation of sleep disturbance and a range of physiological effects euphemistically called ‘annoyance’,”
– Dr. Sarah Laurie CEO, Waubra Foundation. Testimony before the Australian Senate Select Committee on Wind Turbines, June 29, 2015.
Considerable evidence of negative effects to health was recorded during the Australian Senate’s call for testimonies and evidence to its Select Committee on Wind Turbines.
The following testimony of Dr. Sarah Laurie, complementing the testimony reproduced yesterday by Robert McMurtry at MasterResource, contradicts that of Australian Wind Alliance national co-ordinator Andrew Bray who testified that people living near wind facilities experience no health problems.…
Continue ReadingThe Strategic Petroleum Reserve Reconsidered (Part V)
By Robert Bradley Jr. -- July 31, 2015 No Comments“There is evidence that experience reduced the scope and severity of earlier errors [with the Strategic Petroleum Reserve]–that the 1981–84 performance was superior to the 1977–79 performance. But new facets of the program have brought new problems.”
“Combined with the $5 per barrel handling and storing expense [as of 1984], the overall market value of SPR oil is billions of dollars less than its embedded average cost of over $35 per barrel.”
A sacred cow of U.S. energy policy is the Strategic Petroleum Reserve. The case for the reserve assumes that another energy crisis lies around the corner, the reserve will be efficiently managed during the crisis to alleviate the emergency, and private inventories and entrepreneurship alone would be inadequate. The reserve is seen by proponents as the nation’s insurance policy against the inherent instability of the world oil market.…
Continue ReadingStrategic Petroleum Reserve: Early History (Part II)
By Robert Bradley Jr. -- July 28, 2015 No Comments“In the first week of the program, three sites in Louisiana were acquired by the Corps of Engineers by eminent domain. Pipeline right-of-way was similarly acquired; appraisals below industry standards made condemnation necessary. This, however, did not reduce costs or trim start-up time as intended. The associated legal proceedings increased costs and created delay, and condemnation set the stage for political trading between Louisiana and federal officials in Washington, D.C.”
In the first decades of the twentieth century, fears of an imminent exhaustion of oil led to petroleum land withdrawals and the reservation of oil-rich acreage for future military use. Four Naval Petroleum Reserves were set aside between 1912 and 1923. [1] With the discovery of major new oil fields in Oklahoma, Texas, and California in the late 1920s, the new fear – at least for the vested parts of the oil industry – became oversupply.…
Continue ReadingEarly Oil & Gas Storage Regulation: A Historical Review (Part I)
By Robert Bradley Jr. -- July 27, 2015 No CommentsThe Strategic Petroleum Reserve (SPR) is in play. The 695 million barrel inventory, stored in four storage locations in Texas and Louisiana with a capacity of 713.5 million barrels, never found its purpose; it is still waiting for the third oil crisis (after the 1973/74 Arab Embargo and the 1979 Iranian Revolution). Not surprisingly, the SPR is on the verge of becoming a piggy-bank offset for lawmakers. At $50 per barrel, SPR inventory is worth about $35 billion.
This week, MasterResource reviews the history of state and federal oil (and natural gas) storage regulation and ownership. Part I today is early (pre-SPR) regulation. Part II tomorrow will review the prehistory and beginnings of the SPR.
Part III will examine early problems with the federal storage program; Part IV early fill and financing controversies.…
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