We Needlessly Burn 150 Billion Cubic Meters Of Natural Gas Every Year

That’s right. On almost every large drilling rig producing large amounts of oil there is a continuously burning flare of natural gas. This is a hold over from the days when natural gas was seen as a nuisance rather than a fuel source. BUT that was over 100 years ago. How long does it take to change the rules.

http://www.stoptheflares.org/

Stop the Flares

Together we will Stop Methane Flaring
The first and only organization working solely on the elimination of natural gas flares and venting! Stop the flares is organized to stop flaring by elevating awareness, increasing research and implementing proven solutions to get results. Stop the Flares will eliminate all flares worldwide by the 2020.


What are flares?

What is natural gas?

Why is methane flaring bad for you?

How does Flaring Methane affect the price of energy?

What could be done with the Flared Gas in Nigeria?

How can you help?

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Why is methane flaring bad for you?
According to the World Bank, flares waste 150,000,000,000 cubic meters of natural gas (methane) each year. This is the equivalent to the energy in 60,000,000,000 gallons of gasoline (estimate).
Wasting fuel increases the cost of energy for everyone!

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More tomorrow.

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SB 1821 Is Dangerous – Carbon dioxiode sequestration is wrong

I know. Barack Obama, Dick Durbin and every other person on this planet is in favor of this Clean Coal technology. But how advanced is it to use a process created in the late 1800s in 2011. The easy answer is it ain’t. Please call your representative to protest.

http://www.riverbender.com/news/wbgz/rfullstory.cfm?newsfile=2011-03-20-20_FutureGen%20Pipeline%20Issues

FutureGen Pipeline Issues

WBGZ Radio | Mar 18, 2011

The pipeline that’s going to carry carbon dioxide from one place to another as part of the FutureGen clean-coal project is the subject of a bill which has passed a Senate committee.  The bill writes a process for Illinois to oversee the construction and operation of such a pipeline.

“This bill is patterned after what the Illinois Commerce Commission currently does with regard to petroleum pipelines, crude oil, water utility lines, and electric transmission lines,” said sponsoring State Sen. John Sullivan (D-Rushville). Opponents include farmers in Morgan County, where the pipeline would be built.  They say the property owners who do want it are the ones who don’t live there.  FutureGen would use a former Ameren plant in Meredosia to convert coal into carbon dioxide, which would be stored near Alexander.  SB 1821 has passed the Senate Executive Committee.

(Illinois Radio Network)

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More tomorrow.

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Victor Hanson – Man made climate change does not exist

Look, the argument goes Weather refutes Climate. But really, did Russia burn last summer. Isn’t Climate change about Climate Instability. Aren’t the Russian, USA and Canadian Militaries gearing up to patrol a nearly naked Alaska during the summer. And what about oil there? Oh wait is that why they want the warming to continue because it will reveal more oil…

http://victorhanson.com/articles/hanson122710.html

December, 27 2010

The Obamaites’ About-Face

by Victor Davis Hanson

National Review Online

Californians have been experiencing ten days of the wettest, snowiest weather in recent memory. In the usually arid San Joaquin Valley, flooding is ubiquitous. The high Sierra passes are locked in snow well before the first of the year. If the United Kingdom is dealing with the irony of its elites’ recently warning of an end to snow on a now snowy island, out here our version of that embarrassment is water everywhere after Energy Secretary Chu warned us that our farms would blow away and that he could envision an end altogether of California agriculture — logically, he asserted, given that 90 percent of the annual Sierra snowpack would soon disappear.

While the state struggles with flooding and blizzards, Governor Schwarzenegger is advertising himself to the Obama administration as a possible post–Van Jones green czar, to regulate energy for the country as he has done for a now insolvent California. But then, once global warming morphed into climate change, too much rain, snow, and cold could become as symptomatic of too much man-made carbon being released as too little rain, snow, and cold once were. Start that engine, and thou shalt both burn and freeze in hell.

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dot dot dot as they say

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When one loses one’s faith, the aftermath can be startling. As gas hits $3 a gallon at Christmas, with fears of $4 by summer-vacation time, expect suddenly to hear of plans to tap more natural gas, build more nuclear reactors, and lift the suppression of offshore drilling — all beneath a loudly trumpeted but very thin wind and solar veneer. What are we to expect next — a few windmills fastened atop a drilling rig in the Arctic National Wildlife Refuge, some solar panels on the domes of new nuclear-power plants, a supercharger as an upgrade on the Chevy Volt?

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About Face. Forward harch. More tomorrow.

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While We Are In The Midst Of A Meditation On Conservative Talking Heads

The Illinois Statehouse is in full swing. So I am going to take a break here and post this relatively import piece of information. PLEASE call your representatives.

https://www.ilenviro.org/news/

Taylorville and Leucadia Proposals Heard by the Illinois Senate
January 5, 2011

Tonight, two energy bills were voted on in the Illinois Senate.  There are no additional bills related to the environment expected to be heard this week.  Each of these bills previously passed the Illinois House.

Taylorville Energy Center (SB2485)

Tenaska’s Taylorville Energy Center (SB2485) has so far failed to pass the Senate following the Senate’s adjournment tonight.  Outgoing State Senator Deanna Demuzio presented the bill to the Senate.  Several senators expressed concerns about the increased rates to businesses.  Senator Kirk Dillard explained his concerns, “When you do the mathematical analysis of this project, it doesn’t make sense.”  He also expressed concern over what he called the “legal pledge that binds the state of Illinois to Tenaska for three decades” contained within the bill.

A few senators expressed concerns about the appearance of a subsidy to a particular business.  Senator Don Harmon expressed concerns over the way the bill “allocates the costs and risks over what is supposed to be a competitive market.”  Harmon, who stated that he would be voting for the bill, described it as a “prudent experiment on how to deal with coal in an environmentally responsible way.”  Many speaking for the bill referred to the facility as a very clean way to process coal.

When the question was called, the vote was 25 voting NO, 29 voting YES and 3 voting PRESENT.  The bill’s sponsor, Senator Demuzio, postponed consideration of the bill, which means that the bill can be called for a vote again.  This bill failed in the House at first, but the same mechanism was used to call the vote for a question again, when it passed.  The Illinois Sierra Club and several business groups opposed this legislation.

Leucadia Energy Facility

The Leucadia Energy Facility (SB3388) passed the Senate tonight and will move to the Governor’s desk for his signature.  Senator Trotter introduced the bill in the Senate.  Only one senator spoke about the bill in addition to the sponsor; Senator Risinger rose in support.  This bill passed the Senate with 36 voting YES, 13 voting NO, and 4 voting present.  View the votes here.

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More tomorrow.

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Thomas Sowell On Energy Policy – The conservative illiteracy continues

This  continues the meditation on conservative (read: right wing) public statements about Energy Policy.  According to Thomas Sowell global warming isn’t happening. For conservatives who don’t like facts they either make up their own or claim others are making them up.

http://jewishworldreview.com/cols/sowell022808.php3

Jewish World Review Feb. 28, 2008 / 22 Adar I 5768

Cold Water on ‘Global Warming’

By Thomas Sowell

http://www.JewishWorldReview.com |

It has almost become something of a joke when some “global warming” conference has to be cancelled because of a snowstorm or bitterly cold weather.


But stampedes and hysteria are no joke — and creating stampedes and hysteria has become a major activity of those hyping a global warming “crisis.”


They mobilize like-minded people from a variety of occupations, call them all “scientists” and then claim that “all” the experts agree on a global warming crisis.


Their biggest argument is that there is no argument.


A whole cottage industry has sprung up among people who get grants, government agencies who get appropriations, politicians who get publicity and the perpetually indignant who get something new to be indignant about. It gives teachers something to talk about in school instead of teaching.


Those who bother to check the facts often find that not all those who are called scientists are really scientists and not all of those who are scientists are specialists in climate. But who bothers to check facts these days?


A new and very different conference on global warming will be held in New York City, under the sponsorship of the Heartland Institute, on March 2nd to March 4th — weather permitting.


It is called an “International Conference on Climate Change.” Its subtitle is “Global Warming: Truth or Swindle?” Among those present will be professors of climatology, along with scientists in other fields and people from other professions.


They come from universities in England, Hungary, and Australia, as well as from the United States and Canada, and include among other dignitaries the president of the Czech Republic.


There will be 98 speakers and 400 participants.


The theme of the conference is that “there is no scientific consensus on the causes or likely consequences of global warming.”

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More tomorrow.

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More Top Stories From The Energy World From 2010

This one gets it pretty much right I think. I think the BP oil spew was maybe the story of the Decade. I also think that the third world led by China as an ever thirstier consumer of liquid carbon fuels has been over played. But first I found them at Peak Oil, that ever depressing, in a rogue sort of way, website. So have a Happy New Year folks:

http://peakoil.com/generalideas/robert-rapier-top-10-energy-related-stories-of-2010/

But it is a repost from this Blog so Happy New Year to you too.

http://www.consumerenergyreport.com/2010/12/28/my-top-10-energy-related-stories-of-2010/

My Top 10 Energy Related Stories of 2010

Posted by Robert Rapier on Tuesday, December 28, 2010

Here are my choices for the Top 10 energy related stories of 2010. I can’t remember having such a difficult time squeezing this list down to 10 stories, because there were many important energy stories for 2010. It was hard to cut some of them from the Top 10; so hard that I almost did a Top 15. But I made some difficult choices, and offer my views on the 10 most important energy stories of 2010. Previously I listed a link to Platt’s survey of the Top 10 oil stories of 2010, but my list covers more than just oil.

Reviewing my list of Top 10 Energy Related Stories of 2009, I see that I made three predictions. Those predictions were:

  • China’s moves are going to continue to make waves
  • There will be more delays (and excuses) from those attempting to produce fuel from algae and cellulose
  • There will be little relief from oil prices.

Given that total energy demand from China surpassed that of the U.S. in 2010 (five years earlier than expected), the EPA twice rolled back cellulosic ethanol mandates (and there are still no functioning commercial plants), and we are closing the year with oil above $90 per barrel, I would say I nailed all of those.

For this year’s list, don’t get too hung up on the relative rankings. They are mostly subjective, but I think we would have fairly broad agreement on the top story.

1. Deepwater Horizon Accident

On April 20, 2010 the BP-owned Deepwater Horizon drilling rig exploded, killing 11 men working on the rig and injuring 17 others. Because of the depth of the rig, there was no easy way to cap it and it gushed oil until it was finally capped three months later on July 15th. In the interim, the leak released almost 5 million barrels of oil into the Gulf of Mexico, making it the largest accidental marine oil spill in the history of the petroleum industry. In fact, not only was this my top energy story of the year, according to a poll of AP writers and editors it was the top news story period.

2. The Deepwater Horizon Fallout

While the accident itself was the biggest story, there was much fallout from the incident that will continue to be felt for years. Just three weeks before the incident, President Obama had proposed to open up vast new areas off the Atlantic coast, the eastern Gulf of Mexico, and the north coast of Alaska. Governor Schwarzeneggar was pushing for offshore oil drilling near Santa Barbara County. There was a great deal of momentum that promised to greatly expand the areas available for offshore production. In the wake of the disaster, the debate shifted sharply. President Obama canceled a planned August offshore drilling lease sale in the Western Gulf and off the coast of Virginia, citing that his “eyes had been opened” to the risks of offshore drilling. The administration also put a temporary deepwater drilling ban in place until additional safety reviews could take place. Governor Schwarzeneggar dropped his plans, citing the spill as evidence that offshore drilling still poses too great a risk.

But there were far-reaching impacts in other areas. BP began to sell off assets, raising $10 billion to pay claims of those impacted by the spill. BP CEO Tony Hayward — after a series of gaffes — stepped down from the helm of BP. Around the area affected by the spill, people lost jobs, particularly in the fishing and tourism industries. The long-term environmental impact remains uncertain, with some groups claiming the area has recovered, and others stating that it will be years before the full environmental impact can be determined.

3. China Becomes World’s Top Energy Consumer

For more than a century, the United States has been the world’s top consumer of energy. In 2010, China surpassed the U.S. in total energy consumption. If not for the Deepwater Horizon accident, this would have easily been my #1 story. As I said last year, I believe that China will be the single-biggest driver of oil prices over at least the next 5-10 years.

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Personally I do not see Matt Simmons’ death as a huge energy story, but this guy knew him so I can understand the inclusion. More next week.

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Anyone Who Does Not Compost Is Part Of The Problem

No one and I repeat NO ONE should be throwing out food. Everyone can compost. If you can’t use the resulting dirt (everyone should have house plants if they value their health) then you can just throw it outside. It doesn’t matter if you live in an apartment in a urban center or a house in the country, the message is stop throwing food in the garbage. The problem starts at the store though. Please stop overbuying food…especially meat.

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http://articles.latimes.com/2010/nov/07/opinion/la-oe-bloom-food-waste-20101107

Help the planet: Stop wasting food

Producing it and then getting rid of leftovers require a lot of fossil fuel. Just taking a few simple steps can ease the problem.

Op-Ed

November 07, 2010|By Jonathan Bloom

Let me guess: You’re concerned about the environment. You recycle, buy the right light bulbs, drink from a reusable water bottle (preferably one made of metal) and wish you could afford a hybrid. You try to remember your reusable shopping bags when you go to the market and feel guilty when you don’t.

But there’s something you could be doing that would make a much bigger difference, and it’s not one of those really hard things like carpooling to work or installing solar panels on your roof.

All you need to do is minimize your food waste. If you buy it and bring it home, eat it. That alone is one of the easiest ways to aid the environment.

About 40% of the food produced in the United States isn’t consumed. Every day Americans waste enough food to fill the Rose Bowl. And our national food waste habit is on the upswing: We waste 50% more food today than we did in 1974.

Squandering so much of what we grow doesn’t just waste food; it also wastes the fossil fuel that went into growing, processing, transporting and refrigerating it. A recent study estimated conservatively that 2% of all U.S. energy consumption went to producing food that was never eaten. To give you a sense of perspective, every year, through uneaten food, we waste 70 times the amount of oil that gushed into the Gulf of Mexico during the three months of the Deepwater Horizon spill.

That waste of resources continues after we throw away food. There is the energy required to haul the discarded food to the landfill. And once there, food decomposes and creates methane, a greenhouse gas 23 times more potent a heat trapper than carbon dioxide. Landfills are the second-largest human-related source of methane emissions, and rotting food causes the majority of methane there. It’s climate change coming directly from your kitchen.

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America should be ashamed. More tomorrow.

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The Earth Is 50% Over Its Human Capacity – We have tapped our planet out

This is the start of part 3 of a 3 part essay on overpopulation and the finite resources that exist on this planet. The only one we have. Science fiction is nonsense. The Mars Mission is never going to happen because we have not solved the fundamental issues. Cosmic radiation is powerful and lethal. We have never found a way to block it. It causes cancer while you are on this planet where we are generally protected by 150,000 ft. of atmosphere, an ozone layer and a powerful magnetic field. Until we can duplicate that we ain’t going nowhere. Then there is the issue of speed. After Mars and Venus, even going full throttle (what ever that is) there is nothing near to us that wouldn’t require years of travel to get to.

So the ramifications of this multipart essay are important. It does come from a Peak Oil perspective so it has all the doom and gloom, survivalist type trademarks, but if you put that aside it is still important.

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http://www.swans.com/library/art16/ga290.html

The Economy Is Not Coming Back
Part III: The Reasons it Shouldn’t

by Gilles d’Aymery

Fundraising Drive: If rants appeal to you, dear readers, then turn your attention to MSNBC, Fox News, Antiwar.com, other news aggregators, and the myriad noisy outputs that emphasize either the status quo or some reactionary future. If not, and you wish to keep thinking about real matters like, say, working to change the socioeconomic system, and you consider that culture is an intrisic component of society, then Swans is directed to you. If a few original thoughts (and original work not found anywhere else) are your call, then Swans is for you. Understand the difference. Whether a donation of $5, $75, or $100, they all are welcome, but again — if our approach is worthy of your interest — you need to up the ante. $180 in the past cycle were much appreciated. Still it won’t be enough to keep Swans going in its current form. Please, friends and comrades, help us. We need another $1,700+ to keep providing you with real content. Do Donate now!

Many thanks to Brandon Haleamau, Dimitri Oram, and Philip Fornaci for their generous contributions.

Read the first part of this essay, “A Short History of the Maelstrom.”
Read the second part of this essay, “The Reasons it Won’t [come back].”

“This meeting is part of the world’s efforts to address a very simple fact — we are destroying life on Earth.”

—Achim Steiner, head of the U.N. Environment Program, Nagoya, Japan, October 18, 2010

“We are nearing a tipping point, or the point of no return for biodiversity loss. Unless proactive steps are taken for biodiversity, there is a risk that we will surpass that point in the next 10 years.”

—Ryu Matsumoto, Japanese Environment Minister, Nagoya, Japan, October 18, 2010 (1)

(Swans – November 15, 2010) The first part of this long essay presented an abridged history of the road to the current deep socioeconomic crisis that some observers had predicted, even though no one could pinpoint the exact timing of the implosion. The second part submitted that there are objective factors that explain why the economy is not going “to come back” any time soon. But, more importantly, profound and intensifying environmental and ecological crises militate in favor of not having the economy revert to the shape and form it had. Some of these crises are the object of this third part. In short, to return to business as usual will lead to collective suicide, which Mother Nature will trigger in the not so distant future.

According to the WWF (2) 2010 Living Planet Report, “human demand outstrips nature’s supply.” “In 2007,” the report states, “humanity’s Footprint exceeded the Earth’s biocapacity by 50%.” The Global Footprint Network (GFN) has calculated that on August 21, 2010, the world reached Earth Overshoot Day — that is, “the day of the year in which human demand on the biosphere exceeds what it can regenerate.” As GFN president Mathis Wackernagel stated: “If you spent your entire annual income in nine months, you would probably be extremely concerned. The situation is no less dire when it comes to our ecological budget. Climate change, biodiversity loss, deforestation, water and food shortages are all clear signs: We can no longer finance our consumption on credit. Nature is foreclosing.” Though these environmental organizations are promoting policies that are essentially based on demographic and increasingly economic Malthusianism — independent researcher Michael Barker has written in-depth analyses, particularly in regard to the WWF, in these pages (3) — they do acknowledge the gravity of the situation. As the WWF report states, “An overshoot of 50% means it would take 1.5 years for the Earth to regenerate the renewable resources that people used in 2007 and absorb CO2 waste. … CO2 and other greenhouse gas emissions from human activities are far more than ecosystems can absorb.” In other words, the world, or to be more precise, some parts of the world, over-produces and over-consumes natural resources that are being depleted at an exponential rate. That’s the main reason for not having US (and other rich nations’) households “spend again at pre-crisis levels.” (4) The socioeconomic paradigm built on capital accumulation, perpetual material growth, and financial profits for the infinitesimal few must be not just overhauled but buried, and replaced by an equitable new arrangement that takes into account all natural ecosystems.

Fossil fuels

Fossil fuels have been feeding the materialistic economic paradigm, whether under capitalism or socialism, since the early 1800s. Their use increased moderately between 1850 and 1950, thereafter shooting up like a rocket. (5)

According to the US Energy Information Administration, “in 2007 primary sources of energy consisted of petroleum 36.0%, coal 27.4%, natural gas 23.0%, amounting to an 86.4% share for fossil fuels in primary energy consumption in the world.” Today, worldwide transportation depends on oil for 90 percent of its needs. There is not one sector of the economy that is independent of fossil fuels. From 1990 to 2008 the global consumption of fossil fuels has increased as follows: oil: 25 percent, with a stabilization since the beginning of the economic crisis; coal: 48 percent; and natural gas: 54 percent. (6)

With these few facts in mind, where does the world stand in regard to fossil fuels?

Petroleum

Since the beginning of the current latent depression, as oil consumption has flattened or slightly decreased, the topic of peak oil has by and large disappeared in the mainstream media. Were it not for the Blogosphere (7) that keeps bringing facts of oil depletion to the fore, one would believe that everything is fine and dandy — and, anyway, the alarmists are deemed radicals (right or left) and as such are discounted. However, what to make of Charles Maxwell, a senior energy analyst at Weeden & Co. — certainly not a “radical” — who has written and talked extensively about The Gathering Storm? (8)

Or what about Robert Hirsch? Swans readers may recall Hirsch’s 2005 report “Peaking of World Oil Production: Impacts, Mitigation, and Risk Management” that was highlighted on January 29, 2007, in the dossier, “Energy Resources And Our Future,” by Admiral Hyman G. Rickover. In that report, Hirsch, an oilman par excellence, showed the dire challenges the world faces and how to possibly mitigate them. What happened to that report is best explained by Hirsch himself, which he did in a potent interview (in English) with the French Le Monde on September 16, 2010 (the report was shelved by both the Bush and Obama administrations).

Still, Hirsch remains adamant. In The Impending World Energy Mess, co-authored with Roger Bezdek and Robert Wendling (Apogee Prime, October 2010), Hirsch makes the case that oil production is on the decline; that no quick fixes are available; and that societal priorities will have to change drastically.

The research done by the British Chatham House, the UK Industry Taskforce on Peak Oil & Energy Security, the German military analysis, and other US military reports, like the “2010 Joint Operating Environment” (pdf) shows that oil-consuming countries are bracing themselves for the decline of oil and the risks of conflicts it will engender. But for a few scientists supported and financed by energy conglomerates and pro-growth lobbies, the scientific community has by and large reached the conclusion that the decline of oil was not reversible — a conclusion reached as early as 1998 by the Paris-based International Energy Agency though this crucial information was left out of its annual World Energy Outlook report under pressure from powerful players. (9) Keep in mind that peak oil does not mean the end of oil, as some doomsayers claim. It denotes the end of cheap oil on the one hand and on the other the physical (and economic) inability to find new reserves proportionately to the oil being consumed.

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Reading the whole 3 parts at one sitting can cross your eyes. I put up the parts that got me going as an energy guy. You can read the rest on your own at the site. Also the organization is asking for donations…I am not a regular reader of their stuff so whether they are worthy or not is up to you to decide.

More tomorrow.

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Cap And Trade Rises From The Ashes – It made it into the Senate

It’s Jam Band Friday – http://www.youtube.com/watch?v=LJ16hEpB_Sk

Conventional post election wisdom has the Cap and Trade legislation being declared dead. But, it is sitting in a Senate that the Democrats control. Will they bust it lose during the end of the year session. Who knows, but I think the issue will not go away so sooner or later something will have to be done. I mean Russia caught on fire. How much more does it take than that.

http://www.washingtontimes.com/news/2010/nov/4/clean-coal-is-as-dead-as-cap-and-trade/

MILLOY: Clean coal is as dead as ‘cap-and-trade’

Mitch McConnell had better study up on the election results

By Steve Milloy-The Washington Times

While we shouldn’t expect our left-wing elitist president to understand Tuesday’s electoral rejection of his “progressive” prescriptions for America, we should expect Senate Minority Leader Mitch McConnell, Kentucky Republican, to get it.

But Mr. McConnell seems to have missed the message, at least when it comes to “cap-and-trade” – odd for a coal-state politician. The day after the election, Mr. McConnell said, “The president says he’s for nuclear power. Most of my members are for nuclear power. The president says he’s for clean coal technology. Most of my members are for clean coal technology. There are areas that we can make progress on for the country.”

Aside from the canard of President Obama sincerely supporting nuclear power and the fact that Republicans ought to avoid the loaded and already co-opted-by-the-left word “progress,” so-called “clean coal” is a form of Obama-think – a discredited cap-and-trade concept that was more trap than sincere policy.

Some in the coal industry and some coal-burning electric utilities had been talked into supporting cap-and-trade, provided that taxpayers and ratepayers forked over billions (if not trillions) of dollars for so-called “carbon capture and sequestration” (CCS) – that is, burying utility carbon-dioxide emissions deep underground and hoping they stay there safely.

But to the extent that any so-called environmentalists paid any lip service to clean coal and CCS, it was only to lure coal and utility suckers into cap-and-trade. Does anyone really believe, after all, that the greens would allow utilities to inject underground billions of tons of highly pressurized carbon dioxide all over the nation? They fought tooth-and-nail, after all, to prevent the storage of sealed casks of spent nuclear fuel one mile underground in the Nevada desert.

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http://www.youtube.com/watch?v=Vm-pFqdqcZY&feature=related

Which would they prefer, a tax on carbon? This guys lists all the reasons for cap and trade mechanisms to be set up by the Federal Government and heavily policed by the Federal Government. Nonetheless he likes carbon taxes because they supply more stability. But his belief that it won’t be passed on to the customer is asinine.

http://www.youtube.com/watch?v=RSJdjb6K5i4&feature=fvw

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http://www.greenchipstocks.com/articles/cap-and-trade-legislation/810

Cap and Trade Legislation is Fatally Flawed

My First Ever Mea Culpa

By Nick Hodge
Tuesday, April 13th, 2010

We may never see cap and trade in this country.

Those are words I never thought I’d write.

In fact, I’ve been touting the benefits of a cap and trade market since 2007. But new ideas, unraveling facts, and recent events have changed my thinking.

So today, I’m publishing my first ever mea culpa.

Cap and Trade Legislation is Fatally Flawed

My First Ever Mea Culpa

By Nick Hodge
Tuesday, April 13th, 2010

We may never see cap and trade in this country.

Those are words I never thought I’d write.

In fact, I’ve been touting the benefits of a cap and trade market since 2007. But new ideas, unraveling facts, and recent events have changed my thinking.

So today, I’m publishing my first ever mea culpa.


Carbon Should Still be Priced

To be clear, I’m not saying that carbon shouldn’t have a price. By all means, it should.

What I’m saying is that cap and trade isn’t the way to implement it.

At the end of the day, carbon dioxide is a harmful waste product that needs to be handled. Companies don’t get free passes for treating and disposing of other waste streams their businesses generate. Why should carbon be any different?

Not charging companies for emitting carbon is giving them free reign over something they cannot and will not ever own: the atmosphere.

We don’t let companies freely dump waste into rivers or lakes… We don’t allow companies to dump waste in forests… So why, then, are we still letting companies dump a known pollutant into the atmosphere unchecked?

This is why everyone speaks of how cheap coal is. It’s not really that cheap, we just don’t include the price of carbon in its costs.

Carbon isn’t a business externality — meaning, companies that produce it can shift the cost to society — and it can no longer be treated as such.

The Trouble with Cap and Trade

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You can go to the article for the rest. I personally support a carbon tax. But I have always said that Cap and Trade is what we get because high finance wants it that way. More Monday.

http://www.youtube.com/watch?v=wdAhR-c–20&feature=related

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India To Burn More Hydrocarbons – That should clear the air

http://news.yahoo.com/s/afp/20101101/sc_afp/indiaenergyoilpolitics

India predicts 40% leap in demand for fossil fuels

by Penny MacRae Penny Macrae Mon Nov 1, 7:12 am ET

NEW DELHI (AFP) – Premier Manmohan Singh told India’s energy firms on Monday to scour the globe for fuel supplies as he warned the country’s demand for fossil fuels is set to soar 40 percent over the next decade.

The country of more than 1.1 billion people already imports nearly 80 percent of its crude oil to fuel an economy that is expected to grow 8.5 percent this year and at least nine percent next year.

Demand for hydrocarbons — petroleum, coal, natural gas — “over the next 10 years will increase by over 40 percent,” Singh told an energy conference in New Delhi.

“India needs adequate supplies of energy at affordable prices to meet the demand of its rapidly growing economy,” he said, as rising Indian incomes spur industrial demand and more people buy energy-guzzling cars and appliances.

Singh’s call comes as India is locked in a race with emerging market rival China for fuel supplies to feed their booming economies in which analysts say Beijing has taken a strong lead.

India faces “immense competition from China which has been far quicker to react when an asset becomes available,” Kalpana Jain, senior director of global consultancy Deloitte, told AFP.

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More tomorrow

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