Search Results for: "Ken Lay"
Relevance | DateEnergy Reality: The Stock Beats the Flow from the Sun (why technology struggles to save ‘renewables’)
By Roger Donway -- November 7, 2009 2 CommentsThis article, “Energy to Spare” by David Warren, published in the Ottawa Citizen on November 4, 2009, says much in few words. Energy reality is that the sun’s work over the ages has produced energy sources (oil, gas, and coal) that far exceed the dilute energy from the sun. The stock beats the flow–by a country mile.
This article is reproduced below as a Weekend reading feature:
Will technology solve our energy problems? This seemingly fatuous question is actually stupider than first appears. For we already have the technology to power anything within reason, with minimal if any environmental fallout.
Yet under the inspiration of the Green Zeitgeist, I cannot go into a magazine shop without finding some science-lite cover story on new prospects for harnessing solar, thermal, wind, tidal, or whatever “renewable” forces.…
Continue ReadingThe Bear Growls, The EU Grovels: Adventures in the European Gas Market
By Donald Hertzmark -- November 6, 2009 2 CommentsAmong those hoping that global warming is real we should now count the EU. As winter approaches there is, quelle surprise, the initial hint of yet another gas supply crisis between Russia, Ukraine and Russia’s EU customers. The problem is that those pesky pipelines have to go through somewhere to reach the market and that somewhere happens to be the Ukraine (unless it’s Poland, more on that later).
Source: US DOE, for better map resolution
All those red lines running Northeast-to-Southwest carry gas from Russia to the EU countries. There is just no getting around the Ukraine for most of the transits; it is big and (if you are Russian) in the wrong place.
Gas: The Great Green Hope for Europe
As noted previously, gas use in Europe is roughly the same as that of the US, a bit over 20 tcf annually. …
Continue ReadingThe Economics of Climate Change: Essential Knowledge
By Jerry Taylor -- November 4, 2009 6 CommentsThe slow moving Senate debate over climate change offers an opportunity to revisit the fundamentals of climate change. While the physical science about natural and anthropogenic forcings is the place to start, the economics of climate change is highly relevant for the policy debate. In this regard, a perfectly timed literature review in the Spring 2009 The Journal of Economic Perspectives is worth studying.
There have been 13 – count them, 13 – studies published in the peer reviewed literature that have wrestled with the economic implications of a doubling of atmospheric greenhouse gases (GhGs) on a CO2-equivalent basis. Those 13 studies have yielded 14 estimates of what will subsequently happen to global GDP. For those who are curious, 10 of those studies assume a subsequent warming of 2.5 C; two assume that a 1 C warming would follow; and two assume a 3 C warming would follow. …
Continue ReadingOkay, Joe Romm: How about a Wager on $65 Oil? (‘peak-oil’ bull or closet bear?)
By Michael Lynch -- October 21, 2009 9 Comments[After publication of my New York Times Op-ed on peak oil, Joseph Romm posted a response—and a challenge—on his website, and later expanded it on The Huffington Post. Below is Michael Lynch’s response.]
Thank you very much for your invitation to a wager on the price of oil, Joe, which I take to be serious, even though you made no effort to convey the wager to me personally. (If you were simply making a “‘pr” effort, feel free to withdraw it.) I would warn you that for most of my career I have been referred to as a ‘heretic’ or ‘contrarian’ and have repeatedly outperformed other forecasters by explaining (in a number of academic publications) why the forecasting of oil price and supply has been so deficient. That you appear to have been more prescient than me no doubt gives you confidence.…
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