Share to Twitter Share to Linkedin The need for oil and gas has never been so clearly defined as in 2022. Recovery from the pandemic started it. The Invasion of Ukraine by Russia that pushed European nations into energy independence from Russia has continued it. The inflation of energy prices by various shortages and supply chain blocks has worsened it. Projections of future energy needs due to industrial growth by large countries like China and India as well as world population rise have reinforced the position that energy needs will rise by 50% by 2050. But there are certain factors, not widely discussed, that hint at renewables growth that will likely impact growth of oil and gas. One is the transport sector switching from gasoline to electric vehicles (EVs). Another is electricity changing from gas-burning power plants to solar, wind, and battery power. Yet another is major corporations purchasing green electricity. Let’s take a closer look at … [Read more...] about Companies Like Amazon Are Buying Clean Energy – But Will It Make Any Difference To The Oil And Gas Industry?
Share to Twitter Share to Linkedin Converging forces make the clean energy transition seem inevitable, but will local hurdles to siting wind and solar projects be the unexpected headwind blocking billions in new investment? Data shows the public, including communities hosting wind and solar projects, approve of renewables and want more of them. Yet fossil-aligned groups are sowing dissent and stalling progress. Renewable energy is winning on cost as well as consumer preference – it’s more popular among Americans than kittens, after all. And the Inflation Reduction Act (IRA) supplies the long-term policy certainty wind and solar developers have sought for decades. That’s good news for our climate and economy. Meeting the United States’ greenhouse gas reduction targets requires hitting 50% clean energy by 2030 and it could create millions of new jobs by the end of the decade. While the clean energy transition appears unstoppable, the speed with … [Read more...] about Fossil-Fuel Funded Opposition Is Blocking America’s Clean Energy Transition. Permitting Reform Can Help.
Share to Twitter Share to Linkedin Last Friday, Holman Jenkins of the Wall Street Journal , published an article, headlined “ ’Climate Reparations’ Are a New Name for Foreign Aid .” The piece includes quotes from an interview I did with Rockefeller University’s Jesse Ausubel back in 2007 when I was writing for the now-defunct Energy Tribune . Jenkins cited Ausubel from that 15-year-old interview thusly: “I do not think energy policy matters much over the long run. Certainly diplomats do not reduce greenhouse gas emissions. In general, politicians are pulling on disconnected levers.” Jenkins concluded his piece by writing that “the evolution of human society and technology will determine how much CO2 goes into the air. It won’t be controlled by bureaucrats and diplomats. And climate politics, as the U.N. showed last week, can only become more nakedly than ever an opportunity to sprinkle money among corporate welfarists and influential elites here and … [Read more...] about Revisiting My 2007 Interview With Jesse Ausubel: ‘I Don’t Think Energy Policy Matters Much Over The Long Run’
Share to Twitter Share to Linkedin About 10 minutes into my interview with Israel’s special envoy for climate change and sustainability, the president of Andalusia — an autonomous region within Spain — walks in. Gideon Behar waves for me to come with him and President Juan Manuel Moreno Bonilla to another room. With security and photographers swarming, the three of us sit at a conference table. Israel is home to many creative technologies, including water, agriculture, and renewable energy. Not only is the Jewish state making itself more resilient to climate change, but it is also helping multiple nations do the same. “Israel’s biggest contribution to the climate crisis has been to solve it with innovative climate technologies,” Behar told this writer before Andalusia’s president introduced himself. “We have developed practical, affordable, and scaleable solutions — made stronger because we collaborate with others.” Our conversation occurred at the … [Read more...] about The World Wants Israel’s Energy And Environmental Innovations
Share to Twitter Share to Linkedin The world was a very different place in the 1970s when Steinbeis Papier launched its factory to recycle used telephone books in Germany. Considered pioneering at the time, recycling has become a mainstay of the circular economy that’s redrawing the future of industries like paper. Fast forward some 50 years and Steinbeis Papier is a European market leader, having infused economical sustainability across its sourcing and manufacturing operations with impressive results. For example, the company has significantly reduced the amount of materials and resources used in office paper production including wood (100%), energy (72%), and water (83%), while decreasing CO2 emissions by 53%. “We are producing recycled paper economically and sustainably. At our site in Glückstadt, our own power plant provides 100% of the thermal energy and 50% of electrical energy,” said Ulrich Middelberg, head of IT at Steinbeis Papier. “Now with … [Read more...] about European Recycled Paper Leader Is Ready For Winter Energy Crisis
Share to Twitter Share to Linkedin President Biden said recently that “we’re going to be shutting [coal] plants down all across America and having wind and solar.” West Virginia’s Democrat Senator Joe Manchin, representing a state that gets 90% of its electricity from coal, scathingly called Biden’s comments “outrageous … offensive and disgusting” which “ignore the severe economic pain the American people are feeling because of rising energy costs”. Senator Manchin had extended legislative support for President Biden’s so-called “Inflation Reduction Act”, laden with pork for wind and solar, in return for a “ nebulous ‘deal’ with Senate Majority Leader Chuck Schumer and Speaker of the House Nancy Pelosi to pursue the passage of language designed to streamline federal energy permitting processes”. But the bottom line remains in Senator Manchin’s favor, even if he was played by the Democrat establishment: King Coal is making a comeback all around the world. … [Read more...] about King Coal: Reports Of My Death Have Been Greatly Exaggerated (apologies To Mark Twain)
Share to Twitter Share to Linkedin The Carlsbad, Calif. desalination plant, seen in a Friday, Sept. 4, 2015 photo, borders Interstate 5 ... [+] on one side and the Pacific Ocean on the other in Carlsbad, Calif. There’s far more riding on the Americas’ largest seawater desalination plant than the 50 million gallons of drinking water it will produce for the San Diego area each day. The plant, which opens this year, will help determine the future of seawater desalination in the United States. (AP Photo/Lenny Ignelzi) California is expected to officially start up its second desalination plant in April, which takes seawater and makes it potable. The first one opened in December 2015 in Carlsbad that is near San Diego while the next one will be in Santa Barbara that is north of Los Angeles. And 15 more are on the table there. Is this a global solution for the billions without access to potable or sanitized water? Can desalination be done in a … [Read more...] about Can Desalination Plants Quench California’s Thirst For Water In A Clean Way?
Share to Twitter Share to Linkedin This photo shows Leviathan natural gas field in the Mediterranean Sea, Thursday, Jan. 31, 2019. ... [+] (Marc Israel Sellem, Jerusalem Post via AP) ASSOCIATED PRESS Even more natural gas has been found off Israel’s coastline, which may help shift the global energy paradigm. Greek oil and gas developer Energean has discovered what it says is between 28-42 billion cubic meters of natural gas, all on top of the 67 billion cubic meters that it has already located. The discovery comes atop earlier ones a decade ago that are getting tapped and will be eventually distributed to former adversaries of Israel: Jordan and Egypt. And there are also plans to sell the natural gas to Turkey, Greece and Cyprus. Indeed, if Israel blossoms into a regional energy powerhouse, it could have profound implications for geopolitics — and possibly extend as far as East as Iraq. “We are delighted to be announcing this … [Read more...] about Israel’s Natural Gas Discoveries Are Bridging Political Divides And Are Forging Economic Ties
Share to Twitter Share to Linkedin One of the dumbest political soundbites was President Obama saying, about a bridge, “You didn’t build that.” His basic argument was sound: government not business provides public goods like infrastructure. (Another case of misleading soundbites.) His comments were presumably pushback against the idea that the private sector does everything better than the government, or, as Ronald Reagan said, government isn’t the solution, it’s the problem. My impression is that this pro-business philosophy began to gain currency in the Gilded Age when the roaring success of the U.S. private sector convinced many that the private sector was better at everything. Politicians—like most of the population—generally have no sense of economics, let alone business, and frequently take steps that are economically irrational because they don’t perceive the costs being inflicted on companies. Most egregiously, setting regulations and then canceling … [Read more...] about How Politicians Unknowingly Hurt The Oil Industry
Share to Twitter Share to Linkedin Peak oil, a hypothetical point when global oil production maximizes and enters an irreversible decline, has been the holy grail of resource economics for decades: prized and just as elusive. Recently, technological development including increased digitization has altered conventional understandings associated with “peak oil”. Like other consumable resources, peak oil is grounded in reality: Oil is a finite natural resource produced over a geological timespan whereas demand continues to climb. However, peak oil could also become a self-fulfilling prophecy, inadvertently misinforming the public. When this author was about 10 (more than 50 years ago), his father, an oil and gas Ph.D. geologist, told him that we will run out of oil, as all major fields have been already discovered. How we react to this prophecy will determine a lot about decarbonization and the energy transition. Nobody can quite agree on when … [Read more...] about Peak Oil: The Perennial Prophecy That Went Wrong